Other Real Estate Hot Spots
The real estate fever is spreading to other parts of the state also.
The real estate boom is at its peak. With the coming up of Techno
park and a host of ayurvedic and other holiday resorts has already
made the Capital city and suburbs a favourite investment
destination of builders. Moreover the proposed Vizhinjam
international container terminal project also has its stimulating
impact on the real estate scenario of the State capital. In Thrissur
town, the cultural capital of Kerala, the real estate scenario
continues to be bright with some corrections in land prices. In
Palakkad district the boom is still evident mainly in Ottappalam,
Pattambi and Mannarkkad areas. The Malabar region is also now
all set to become one of the most happening regions of the state
thanks to a host of developmental initiatives like the Kannur
Airport, the CyberPark project and an assortment of tourism
related ventures. The most ambitious among these is of course
the Greenfield airport project named Kannur International Airport
coming up close to Mattannur in Kannur district. It is certain that
the airport will go a long way in promoting a wide range of
commercial, trade and industrial activities that can add fuel to
the real estate boom in the region. It is also expected that the
project will help the transformation of the North Malabar region
into a highly developed growth centre for travel, tourism and
industries. The airport is expected to have an annual traffic of
more than 1 million international passengers and above 0.3
million domestic passengers as per 2009-2010 estimate. Yet
another ambitious project that will give a major facelift to the
region is the coming up UL CyberPark at a 25-acre site. This will
be the first IT Special Economic Zone in the Malabar region with
an estimated investment of Rs 600 crore. As per Government’s
plans, the entire development of IT infrastructure in the Malabar
region will be under the CyberPark umbrella. With jungle tourism
continues to be popular, the forest rich Wayanad district is also
has its own due share of the real estate boom. In the back water
rich Alappuzha district, the boom is fast spreading in the water
front areas of Thuravoor, Chemmanadu and Cherthala lying on
the side of the National Highway. In the rubber rich Kottyam
district the boom is mainly centered on plantations. With the
202 dream makers
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rubber prices have started touching dizzy heights of late the real
estate deals of rubber plantations are also in full swing.
Back to Vaasthu
Vaasthu sasthra, the ancient Indian science of construction has
of late become highly popula "