India Major Report - God’s Own Country, Kochi - India’s Emerging Real Estate Hub March 2017
Kochi (also known as Cochin), part of the Ernakulum district, is a vibrant city situated in the South-West coast of India. After the formation of Kerala in 1956, Kochi emerged as the commercial and industrial capital of the state. The city comes under the Greater Cochin Development Authority (GCDA) and is one of the 12 principal ports of India.
Kochi has been fast emerging as an alternative IT destination over the past few years. The major driver for IT growth has been the government’s initiative to earmark land parcels and develop SEZ parks in the city. In addition, the city has also received the much needed impetus in terms of an improving physical infrastructure. Other infrastructure initiatives such as expansion of the airport, metro connectivity, proposal for developing Vytilla as a mobility hub, expansion of internal roads as well as SmartCity Kochi – Kerala’s signature IT project have positively impacted the growth of the commercial office space.