Kochi Real Estate is back with a bang!

If the crowds around the new Lulu Mall at Edapally in Kochi, measuring over one lakh in number on a daily basis are to be believed, then Kochi Real Estate is back with a bang. We had recently featured how builders like Puravankara are offering zero booking prices for new luxury apartments around Marine Drive, Kochi. Commercial real estate developers and even star hotels across the world are seeing these massive crowds as a positive sign to invest further in cities in Kerala like Kochi and Trivandrum to develop the next gen commercial spaces. Trivandrum is also set to welcome new malls in another 2 to 3 years.

The Revival

The recent statistics available from NHB residex point to a revival in the Kochi real estate market. We have covered the ups and downs of Kochi real estate in a number of articles in the past. 

Only 6 months back the numbers weren't showing signs of revival.  However things have taken a turn for the better since Onam last year and new excitement is on the horizon post opening of the Lulu mall at Edapally and the work on the Kochi metro finally getting started.

CITIES

2007     Index

Jan-Mar 2011 Index

Apr-Jun 2011 Index

Jul-Sept 2011 Index

Oct-Dec 2011 Index

Jan-Mar 2012 Index

Apr-Jun 2012 Index

Jul-Sep 2012 Index

Oct-Dec 2012 Index

Kochi

100

86

107

97

82

72

73

80

87

Leading developers in Kochi we spoke with were still saying that market is not back to the old levels seen in 2010 or 2011. However they are optimistic and look forward to seeing an increase in the number of bookings from Vishu, which kick starts the Malayalam New year on April 14 of 2013.