Kakkanad - A gold mine of opportunities for investments
Kakkanad is at the forefront of a changing Kerala. In early 2000, it was merely an upgraded Village/Panchayat, which only had the Collectorate as its major landmark.
In the mid of 2003, after the Smart city was announced, there was great IT boom that we see now as it has now metamorphosed with the good residential and commercial hub of activities including Infopark. Subsequently, the land price was also soaring. As the Managing Director of the company, my personal experience was that in 2003 the land price for an interior location was Rs. 35000/- percent. Now the asking price of the same location is Rs. 15 Lakhs percent. The changes are evident before you.
Until now in the first phase, around 50 Thousand IT professionals are working in Infopark and Smart city premises in various reputed companies like TCS, Wipro, E&Y, etc.
Now the second phase of the Kakkanad development is under progress. This consists of massive infrastructure development such as Water Metro, Metro services, and Expressway starting from Vyttila-Edapally By-Pass. This is going to be a major game-changer of Kakkanad. These projects are expected to complete by 2021-2022. Parallelly on the technology side, there are massive projects coming up like the massive Sands Infra Twin towers (around 37 Lakhs Sqft.), Prestige, Marattukulam, etc. Which is around 15 Lakhs sqft of IT space and projects in 2nd phase of Infopark and many others like them. You can now anticipate the volume of the workforce of IT professionals that are going to be involved. There is going to be around an additional 75,000 to 1 Lakh IT professionals and they will definitely need good accommodation.
While considering the present strength of IT and other professionals, the current option for accommodation is just enough and most of the apartments available on rent belong to NRIs and NRKs. The inflow of additional professionals will create scope for very high demand. The current rental figures are Rs. 15000/- to Rs. 20000/- for a 2 or 3 BHKs.
The small town of Kakkanad also packs a punch in terms of the amenities it has to offer since the majority of the IT professionals are young and vibrant, the area has also evolved to cater their needs with upcoming malls, shopping centers, restaurants, cafes, football turfs and much more. Kakkanad also has many reputed schools like Rajagiri, colleges, hospitals, etc.
In the first phase, we were a strong part of Kakkanad's development. Looking at the second phase, Confident Group understands the possibilities of investment in Kakkanad and would like to offer them to you through our prestigious eight projects which are at close proximity to Infopark phase 1, phase 2, and Smart city. We have a range of products that cost from 34.5 Lakhs to 70 Lakhs. They are either nearing completion or under construction. I would like to emphasize the attraction of our compact housing projects under the flag name of “Smile Homes”. These compact housing projects are available in Trivandrum, Kochi, Calicut, Thrissur, and Kottayam. The price starts from 34 Lakhs to 38 Lakhs. This is one of the best segments to fulfill your dream home or smart investment option since these are 2BHK apartments designed with utmost care to create maximum carpet area along with locations that are envious. These projects are mostly concentrated around the IT area or within city limits. There is a very high demand for rental in this segment. This is the best option for an investor with small money and high returns. Besides this, we also have premium and luxury apartments across Kerala.
For the fortunate one who is planning to own their first home, the times can’t be better than this with the PMAY scheme (this scheme is offered only up to 2021 March). This credit linked scheme gives you a discount of 2.6 Lakhs on the apartment cost besides up to 3 lakh returns on income tax and an additional 1.5 lakhs income tax benefits under certain criteria. If you wish to rent it out, the rental amount will cater to most part of your EMI and in case if you are staying in a rented house, the rent being paid plus an additional few thousand will cater your EMI part and you will have your own address Even after the sales, Confident Group helps its beloved customers with rental needs or any maintenance needs through their dedicated ‘After-Sales team’. There might be something extra for you right now, be sure to check it out with a call to our sales representative.
The price ranges start from:
Kochi : Rs. 34.5 Lakhs
Trivandrum : Rs. 31.5 Lakhs
Thrissur : Rs. 34.5 Lakhs
Calicut : Rs. 35 Lakhs
Kottayam : Rs. 35.5 Lakhs