Summary:
KOCHI: Increasing land price and difficulty in finding large contiguous parcels of land in Kochi is compelling developers to explore the possibilities for developing ‘co-working spaces’. In regions like Kadavanthara and Panampally Nagar it is in the range of Rs 45-60 per sq feet. The asking rate is in the range of Rs 45-Rs 60 crore per acre.Most of the office spaces consist of standalone structures built on a plot which is less than an acre. In the secondary business district (SBD) East regions from Edappally to Vyttila Junction (NH bypass) commands rent in the range of Rs 55-75 per sq feet. There will be immense scope for business development and network working..