Cochin, the economic capital of Kerala, has witnessed an influx of several IT majors and MNCs in Kakkanad and hence a surge in the housing development in and around Kakkanad. Kochi is the most densely populated city in Kerala due to the proliferation of educational institutions and medical facilities. As a result the prices of real estate Cochin have risen very high and developers from other states too want to try their luck in Cochin. Cochin has seen a lot of developments over the past few years due to the innumerable infrastructure projects and the proactive government that has brought about a lot of developments. The projects that have brought about a turnaround in the real estate development include the Vallarpadam international container transshipment terminal, resumption of Smart city project and retailing. In the olden days, residential areas meant crowded apartments lining up the streets. But today people look forward to aesthetics, artistic excellence, high-end amenities and innovation in every residential project. The developers from Bangalore, Mumbai and Delhi are giving tough competition to the existing developers. To avoid confusion among homebuyers, the developers have come together under the umbrella of Confederation of Real Estate Developers’ Association (CREDAI). A common code of ethics is followed by the Kochi CREDAI members to bring about more transparency in the sector. They also plan labor training to develop skilled labors and augment manpower supply for the construction sector. CREDAI has also launched a public awareness campaign and organized road shows to enhance the image of the housing sector.
