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Shopping Malls & Land Value on the Upswing in Kochi

There is a drastic change that is happening in the shopping trends of Kochiites, thanks to the big shopping malls and supermarkets that are transforming the landscape as well as the lifestyle here.

The Bay Pride Mall near Marine Drive, Oberon Mall at Edappally, Gold Souk at Vyttila, and Nucleus Mall at Maradu have already pushed Kochi to the new shopping trends and habits. To top all, Lulu Shopping Mall, which is expected to be the biggest of all, is to be thrown open to the public soon. The projects of DLF and the Peevees group too are on the anvil. All these changes clearly indicate that Kochi, is also following the same trend patterns that once swept the bustling streets of Delhi, Mumbai, Chennai, Bangalore & other metros of the nation. The malls at these metros changed the lifestyle of urban folk; the consistent developments in infrastructure and lifestyle sectors facilitated an easy and comfortable living here.

The opening of shopping malls has a direct impact on the real estate sector, say real estate observers. If you analyse the changes that happened in other metros like Bangalore, you can easily predict the real estate trends that are going to embrace Kochi soon, they say. Thriving of various industries coupled with the emergence of shopping malls spurred the migration of workforce as well as business community to these metros. As a result, there emerged a high demand for office complexes and accommodation facilities, which in turn enhanced the land value of the place.

The same trend is sure to catch up in Kochi too and it is high time that one invested in the city’s real estate market, say observers.
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