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The Hindu
The Hindu
National
The Hindu Bureau

Builders anticipate near future demand for 40,000 new houses in Kochi

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.

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