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The Thrikkakara region has become a hot spot in the real estate map of Kochi, as it tends to be favoured for large projects, the latest one being the Smart City. Real estate developers and builders have been cashing in on the growing importance of this region, particularly Kakkanad.
A price of lakhs for a mere cent of land was a distant dream for the residents of Kakkanad some years ago. In the earlier part of the 1950's and 1960's, the area was primarily hilly and negotiating the rocks and the paddy fields in between was not easy.
As years went by some of the hillocks were flattened out and converted into plain land. The agricultural land was left fallow until recently. Then it began to be filled up and the process of selling land at fancy prices began. Located about 25 km from the Cochin International Airport and 12 km from the city, Thrikkakara has full-fledged residential areas now, attracting more and more inhabitants. If plots along the Vazhakala main road cost only Rs.1,000 a cent 15 years ago, today they command a whopping Rs.4 lakhs a cent. It is tough to drive a bargain in this part of Kochi, for it is well-known that this is the most-sought after area given the commercial development taking place here and the expectation that land prices are steeply headed only one way - upwards. This has induced many local people to sell their land and move away to other parts of Kochi, where the land cost is lower.
Flexible loan schemes provided by banks are a boon to the common man, enabling him to invest in land and in biggest asset like Kochi flat
Moreover, since the area comes under a panchayat, it is much easier to go through the procedural formalities.
A price of lakhs for a mere cent of land was a distant dream for the residents of Kakkanad some years ago. In the earlier part of the 1950's and 1960's, the area was primarily hilly and negotiating the rocks and the paddy fields in between was not easy.
As years went by some of the hillocks were flattened out and converted into plain land. The agricultural land was left fallow until recently. Then it began to be filled up and the process of selling land at fancy prices began. Located about 25 km from the Cochin International Airport and 12 km from the city, Thrikkakara has full-fledged residential areas now, attracting more and more inhabitants. If plots along the Vazhakala main road cost only Rs.1,000 a cent 15 years ago, today they command a whopping Rs.4 lakhs a cent. It is tough to drive a bargain in this part of Kochi, for it is well-known that this is the most-sought after area given the commercial development taking place here and the expectation that land prices are steeply headed only one way - upwards. This has induced many local people to sell their land and move away to other parts of Kochi, where the land cost is lower.
Flexible loan schemes provided by banks are a boon to the common man, enabling him to invest in land and in biggest asset like Kochi flat
Moreover, since the area comes under a panchayat, it is much easier to go through the procedural formalities.
