According to a recent survey Indian cities like Pune, Chennai, Cochin etc are the favored locations for offshore BPO. BPO industry is one of the best paying industries in India. The purchasing power of the employees is higher and so are their living standards.
This has led increased demand for various urban amenities in these cities of the India. There is greater need for higher end hotels, entertainment facilities of international standards as well as shopping malls that cater to the richer segment pf the society.
All these have led to the greater need in the real estate sector too. The availability of land to meet the ever-increasing demand is insufficient. This has also led to the urban alternative of high-rise living space.
Of all the major cities of India, that has a high concentration of employed professionals, Cochin is probably the place with the lowest land to population ratio. Higher end high rise Cochin apartments
have thus become a common part of the city’s landscape.
As no other city in India is as connected to the outside world through sea, air and road as Cochin, in Kerala, it has a major advantage over other cities of the state.
Cochin is actively competing to become a major center in India, for information technology (IT) and software related activities. Both government and private organizations are now investing in the IT and business parks in Cochin. It is also seeing a good growth in the commercial sector of Kerala.