Super luxury apartment complex planned in Kochi

KOCHI: Dewa Projects Private Ltd., a venture promoted by a group of NRIs based in Kuwait, will build a super luxury apartment complex on Marine Drive in Kochi. K. Venugoplan Nair, chairman of the company, said the project would set new benchmarks for residential property.

The apartments will have a 10-year warranty. Kitchen, bathroom fittings, doors and other fittings would be provided by top companies in Germany, Italy, Australia and Canada. The complex will have six towers comprising 400 apartments surrounded by four acres of landscaped garden. It will have a quake-resistant structure. The price of a three-bedroom apartment will be more than Rs.3 crore.

The company has substantial real estate holding in major cities including Bangalore, Chennai, Thiruvananthapuram and in the Andaman & Nicobar Islands.

The company was investing Rs.3,000 crore for the Kochi project. , which would be completed by 2011. It had conducted a study which revealed that Kochi had high potential in the real estate sector. Luxury apartments were in short supply, Mr. Nair said.

6 Comments

  1. real estate investin
    Posted April 29, 2008 at 3:23 am | Permalink

    Real estate investing has become the world’s business and large number of buyers and sellers has started making their real estate investment on the real properties.Its a good idea to start or continue a career in Real Estate.Constructing luxury apartments is very profitable that too in a high potential real estate sector.

  2. Posted April 29, 2008 at 6:37 am | Permalink

    Kochi is the ‘happening place’ in Kerala, being the commercial capital and land prices have been increasing not in a steady upward curve but in leaps and bounds. The land value in various part of Kochi is directly linked with the plans for new projects-IT park, Container Terminal, and Airport etc. It is estimated that the future will witness huge investments on infrastructure development for highways, shopping malls and housing projects, which will sent the price of land spiraling.With no industrial history to speak of, the current developments in Kochi are driven by the thrust from NRI remittances and the tourism sector. Restricted by the sea on its western coast, Kochi is spilling over to the neighbouring towns and villages, where land prices have made impressive gains. Once considered distant, neighbourhoods like Edappally and Tripunithura have appreciated from Rs.25, 000 to Rs.2 lakh for a cent.The growing demand for housing units and the constraints on space have induced city builders to focus on building apartments in Kochi. Local builders are offering top-of-the line fittings and lifestyle add-ons like clubs and swimming pools to apartment complexes to woo home makers who prefer these homes for the security and convenience they offer.The Kochi real estate market has prompted national level developers like Puravankara Projects, Sobha Developers, Prestige Group, Emaar-MGF and Brigade Group to invest in the city. Unitech with 670 acres, Sahara Infrastructure & Housing and L&T have also pitched for Kochi property with niche projects.for more view- realtydigest.blogspot.com

  3. Posted May 3, 2008 at 1:22 am | Permalink

    super luxury apartment will definitely have lots of facilities. So people have to pay more for hiring or purchasing it.

  4. Posted May 5, 2008 at 4:48 am | Permalink

    Kochi is a developing city in real estate in india ,many developers are now investing in kochi.

  5. Posted May 5, 2008 at 5:02 am | Permalink

    Dewa Projects Pvt. Ltd. (DPPL) is a company promoted by a group of NRI professionals based in Kuwait, with decades of experience in executing various prestigious construction projects in the GCC countries.

  6. Posted May 14, 2008 at 11:36 pm | Permalink

    If we see in the Kochi level property growth the level is very high because the property rates at every where.If we see in that apartment level there are very good to reside a normal family which is full of all the facilities in that apartment.

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