How GIFT City Will Accelerate Industrial Growth in Aluva, Kochi?

Kochi, the economic capital of Kerala is gearing up to become one of South India’s biggest industrial hotspots in the next few years. National Industrial Corridor Development and Implementation Trust (NICDIT) has recently approved the development of Global Industrial Finance and Trade (GIFT) City as part of the Kochi Bangalore Industrial Corridor project. 

It was reported that around 220 hectares of land near Cochin International Airport in Aluva will be acquired for this purpose within February 2021. It is expected that this massive project will invite investments worth up to 18,000 crores and create around 1.2 lakhs direct job opportunities within a period of 10 years. In addition, the GIFT city will generate around 3.6 lakhs of indirect job opportunities for the natives. 

With these major industrial developments, Aluva will undergo a big transformation in terms of real estate, attracting a huge number of investors from across the world. Undoubtedly, the demand for housing in and around Aluva will increase manifold in the next few years. All these reasons make Aluva the next best real estate investment destination in Kochi. With homes in Aluva available at affordable prices, now is the best time to invest in a brand new home. 

The Kerala state government has sanctioned an amount of Rs 540 crore for land acquisition for GIFT city. According to Alkesh Kumar Sharma, Additional Chief Secretary of Industries (KBIC) in Government of Kerala, GIFT city will provide an integrated ecosystem for the functioning and development of various leading firms in the business, insurance, legal, and share market sectors. The project will be developed in the model of global cities like Singapore, Hong Kong, and Tokyo with state-of-the-art infrastructure and hi-tech facilities. 

Formalities like MoEF clearance and tenders will begin by March 2021 and the construction will commence after selecting an agency through a bidding process. GIFT city will feature a “Walk to work” facility enabling companies to start their functioning without waiting for even one month. Apart from leading companies, GIFT city will also house premium luxury hotels and educational institutions of national repute. 

Being one of the top builders in Kochi, Confident Group foresees the rising demand in the city and chooses the most sought-after localities for building homes. Offering world-class amenities and various location benefits, our apartment homes in Aluva are perfect investments for your future. Confident Oberon and Confident Symphony are two ready-to-occupy apartments in Aluva offering excellent connectivity to Cochin International Airport and Metro train stations. These homes offer a range of complimentary amenities including kid’s play area, swimming pool, party hall, gymnasium, games room & much more. Owing to the increasing demand for rental homes in Aluva you also have the option to rent your apartment to ensure a good monthly income. 

Confident Group offers rental assistance and home maintenance services to their customers. Our projects are 100% debt-free and have all required legal clearances to ensure smooth transactions. Feel free to get in touch with our property advisor to know more about pre-approved home loans and other exciting offers.  

ABOUT THE AUTHOR

As the most trusted real estate brand in the nation, we at Confident Group strive to create a positive, smooth and transparent medium for potential home buyers with anything and everything related to home purchase. We provide informative and engaging articles which cover useful details across many verticals from the real estate sector. Our 2-decade long expertise in building infrastructure projects across Kerala and abroad backed by the trust of over 10,000 customers earned us the reputation of being the best as a real estate brand in Asia. We hope that our blogs will help in translating our experience for the prospective buyers who are looking for their dream home.

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