Quote:
Originally Posted by KMC
Godrej Properties is eyeing Kochi
http://economictimes.indiatimes.com/...ow/2112320.cms
Is it a kind of overheating happening in Kochi .
Local builders will find it extremely tough to compete , if National players start concentrating more on Kochi . They will have to move else where in State. Kochi is still waiting for these Giants like DLF , UNITECH , Sahara , Parsvnath to announce their projects , who owns large chunk of Land , eg : Unitech which owns 670 Acres in Kochi!!!!!! . These guys will Kill the competition
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Good point. But there is the other side of the story. Local players have local
advantages. If you notice there are many local players who sell out faster than
biggies. Even among local players, there are low profile builders who sells faster
than high profiles like Mather or Abad or Skyline. So it may not be that straight
to argue that local players will be displaced. Above all, you notice that biggies
are more inclined towards premium projects - like Prestige, Puravankara etc.
That leaves lot of space for local players among low and middle segments.
Well established locals offer stiff competition in premium category too.
Example, Mir group sold out their first 25 storey Emerald Park in Metropolis and
launched a 34 storey in the face of competition from Puravankara and many others.
Here is a mega project on course to completion
Olive Courtyard, Kakkanad, 18 to 22 storey