Eastern suburbs of Kochi drive real estate growth
After the deluge, the demand for small parcels of land is increasing in suburbs in the eastern regions of the city. Individuals who are keen to possess a house are buying small parcels of land and constructing their dream homes.
Regions such as Mulanthuruthy, Chottanikkara, Udayamperoor, Kizhakkambalam, Pallikkara and Pattimattom are some of the favourite locations of those looking forward to building houses.
“Earlier, regions along the Periyar basin were the most favoured location of home buyers. The flood has exposed the vulnerability of regions such as Desam, Nedumbasserry, Alangadpanchayats as well as Aluva, Angamaly and North Paravoor municipalities. After the floods, home buyers have started to look for land that was not affected by the rising waters,” said VinodThampi, a contractor based in Kureekad.
On an average, the Mulanthuruthygramapanchayat issues five permits a day for constructing new or reconstructing existing houses within its limits. The Chottanikkaragramapanchayat on an average issues three such permits a day.