Real estate developers in Kochi anticipate a near future demand for 40,000 fresh dwelling units in the city and suburbs given the current trends in expansion of IT-related work spaces.
Ravi Shankar T.N., president of CREDAI Kochi, said on Thursday that the Kerala real estate business looked like being in a boom phase even as four million sq.ft. of IT-related work space was being newly added by major builders in InfoPark and Smart City.
Speaking to The Hindu on the sidelines of the two-day CREDAI Statecon 2023 here, he said infrastructure was needed to handle the rising demand smoothly, including decongesting roads that faced bottlenecks during rush hours.