North Paravur swept along by Kochi
The city's growth seems infectious. North Paravur is another convert, says R. RAMABHADRAN PILLAI about the town's real-estate ambitions.
Wider vistas:The gateway to Cherai project connecting North Paravur and the beachside. The project was launched to woo more domestic and foreign tourists to Cherai.
As Kochi grows by leaps and bounds, the neighbouring towns flourish. North Paravur is one such town which benefits from the development of the city.
Several real-estate groups have taken the cue and have launched residential projects in the town. Its expanding population has a taste for modern life.
The companies say North Paravur is a northern entry point to Ernakulam, bordering Thrissur district. From there, towns such as Kodungalloor, Mala, and Chalakkudy in Thrissur and Kalamasserry, Aluva, Angamaly, and Vypeen in Ernakulam are easily accessible. National Highway 17 passing through the town is a major connectivity option.
Infinity Builders & Property Developers, a real-estate group based in the town, has taken up construction of premium villas in the heart of the town. Twenty-one villas, each on 4.5-6 cents of land, are on offer. A few are in the final stages of completion, and the remaining will be constructed in a time-bound manner, Jayaram, director of the company, says.
The villa project was launched after assessing the housing needs in the town on the basis of a demand survey. The site is about 400 metres from the highway, 13 km from the Nedumbasserry airport, nine km from the Aluva railway station, 16 km from the Edapally bypass, and four km from the Cherai beach, he says hinting at the possibilities for onward connections.
The villas are priced in the range of Rs.50-75 lakh. The demand for premium villas is not high but is expected to pick up, Mr. Jayaraj says. Since affordability has a major impact on the marketing of residential projects, several builders are planning apartments for the middle class. They have received building permits and are preparing to launch projects in the town and nearby areas, he says.
North Paravur is a good destination for those who want to settle down in an idyllic location, easily accessible to places of commercial importance such as Kochi, Aluva, Angamaly, Thrissur, and beyond, says Jincy Thomas, marketing executive of My Hamlet, an apartment project at Chendamangalam, a few kilometres from the town. The project offers 20 medium-sized apartments, priced at Rs.18 lakh and above.
The building group has another project with over 100 apartments at Kadungallur, near Aluva. It is nearing completion and the success of such a project on the periphery of a central town has prompted the builder to launch the venture at Chendamangalam. The initial response is good, and the new project will be completed within 18 months, she says.
North Paravur is endowed with a significant industrial and agricultural background. It has been a ground for traditional industries in the coir and handloom sectors. Chendamangalam handlooms have carved a niche for itself. The Eroor-Edayar industrial belt is nearby. On the educational front, the place boasts a few engineering colleges. A Saraswathi temple and a synagogue are among the landmarks.
The town is well connected by the Kollam-Ernakulam-Kottapuram waterway. Archaeological excavations under way at Pattanam, three km from North Paravur, as part of the Muziris project are expected to bring international fame to the place.
The archaeological studies might throw much light on the international maritime connections that the place had about 1,000 years ago. Such factors are certain to charm prospective investors in the housing sector, the real-estate groups believe.
Send this article to Friends by