Real Estate in Kerela has been seeing a upward swing and Middle East is placing a key role in that

1. #Home Search Simplified
Real Estate in Kerela
Driven byMiddleEast

2. Evolution of Kochi
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3. Kochi – Residential Real Estate
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• Kochi is a highly preferred real estate destination in India
• Inclusion in the top 20 smart cities expecting 2076 cr of investment for pan
city solutions
• First Indian Tier II city to propose and develop metro, phase 1 of which will be
operational by 2017
• 1,100 cr investment being done in a new international airport, designed to
handle 4000 passengers per hour
• Venue for one of the two submarine cable landings in India
• Kochi is among India’s leading cities for strong port infrastructure and has the
largest (and India’s first) global hub terminal
• Continued tourism growth with 14% being foreign tourists

4. Favorable average prices, against other cities in South
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5. Next IT Destination vs Southern Tigers
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• In comparison to Bangalore, Chennai and Hyderabad here’s why Kochi finds itself
in a favorable position
• Commercial prices vs other cities
• Availability of talent – With over 35 engineering colleges there’s a large talent
pool accessible
• Infrastructure – Excellent Road, Train and Air connectivity coupled with Metro
for inter city travel
• Stable Political Environment – Much stable political system compared to
Hyderabad and Chennai
• Availability of space – Unlike Bangalore, Chennai & Hyderabad there’s large
scale office space availability in Kochi
• Policy Initiatives – Kochi/Kerela has been much faster, easier to deal with. (Ex
– Kerela is the only south Indian state with RERA implementation)

6. Kerela – Middle East Relationship
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• Kerela Gulf Diaspora, refers to people from Kerela living in Middle East, accounts
to around 2.5m
• Remittances are a key source of income for Kerela. In 2003, remittances were (&
have grown around 17% year on year to 1.1 lakh crores in 2015)
• 1.74 times the revenue receipts of the state
• 7 times the transfers to the state from the Central Government
• 1.8 times the annual expenditure of the Kerala Government
• 15 to 18 times the size of foreign exchange earned from the export of cashew
and marine products
• According to a 2016 World Bank report, Qatar and Saudi Arabia account for
around half of remittances from GCC states.

7. Pin Click
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