Post by sragovicz on Apr 2, 2011 0:51:39 GMT -5
When comparing the developments in Real Estate Kochi is the most costly destination in Kerala and small plots of land in the Kaloor area now cost nearly 50 lakh rupees per cent of land. The rate is as per the brochure published recently for the sale and allotment of plots in this emerging area.
The building construction activity in Kochi is an established one where the private sector plays effective role. The building materials being made available from the organized market, the individuals who are in a position to construct houses with the loans and other assistances now available by different organizations all put together had made Kochi a hot booming destination.
An important feature of cities like Kochi (having high densities) is somewhat peculiar in comparison to other Indian urban situations, in that the High Income Group (HIG) and the Middle Income Group (MIG) houses were preferred on plot for housing development, rather than in apartment buildings. For this reason, the major house building agencies in the public sector, i.e., the Kerala State Housing Board (KSHB) and the Housing Cooperatives, had to adopt a plan for low-density houses. Their plea is that the owners of these houses will add the upper floors from their own incomes.
With prices of land in most urban areas in Kochi rising, the rise in population densities has assumed great importance. Keeping within certain norms, attainment of large number of tenements within a given area has become a vital input in urban development.
People in the High Income Group (HIG) and the Middle Income Group (MIG) category prefer low-density development in the urban areas. They prefer ground-floor structures with reasonable open areas, around. One gross acre (43,560 sq ft) would normally have 25 percent of area under roads and drains, 10 percent open space, play ground and park and five percent under public utilities leaving a balance of about 16,100 sq ft. Keeping in view the above factors, tenements can be constructed in a land measuring one acre at Kochi.
The building construction activity in Kochi is an established one where the private sector plays effective role. The building materials being made available from the organized market, the individuals who are in a position to construct houses with the loans and other assistances now available by different organizations all put together had made Kochi a hot booming destination.
An important feature of cities like Kochi (having high densities) is somewhat peculiar in comparison to other Indian urban situations, in that the High Income Group (HIG) and the Middle Income Group (MIG) houses were preferred on plot for housing development, rather than in apartment buildings. For this reason, the major house building agencies in the public sector, i.e., the Kerala State Housing Board (KSHB) and the Housing Cooperatives, had to adopt a plan for low-density houses. Their plea is that the owners of these houses will add the upper floors from their own incomes.
With prices of land in most urban areas in Kochi rising, the rise in population densities has assumed great importance. Keeping within certain norms, attainment of large number of tenements within a given area has become a vital input in urban development.
People in the High Income Group (HIG) and the Middle Income Group (MIG) category prefer low-density development in the urban areas. They prefer ground-floor structures with reasonable open areas, around. One gross acre (43,560 sq ft) would normally have 25 percent of area under roads and drains, 10 percent open space, play ground and park and five percent under public utilities leaving a balance of about 16,100 sq ft. Keeping in view the above factors, tenements can be constructed in a land measuring one acre at Kochi.