Official K-RERA data shows Thiruvananthapuram registered 2,987 residential units, surpassing Ernakulam's 2,864 for the first time, driven by NRI demand and infrastructure growth.
Local Self-Government Minister M B Rajesh distributed land documents to 120 families in Ernakulam, addressing critical housing security through inter-departmental coordination.
Revenue officials will auction 13 Holy Faith Builders properties in Ernakulam to recover Rs 42 crore owed to demolished Holy Faith H2O apartment owners, following Supreme Court directives.
Kochi's residential market shows stable appreciation with prime areas averaging ₹8,000-₹8,200/sq ft, driven by IT expansion and NRI investments across diverse segments.
Local buyers now dominate Ernakulam's residential market with 60% share, boosting occupancy rates as premium 3BHK units attract permanent relocations over investments.
KRERA data reveals Ernakulam's shift from 1-2 BHK flats to premium 3-4 BHK apartments, driven by young professionals and demanding affluent buyers seeking spacious, smart homes in prime locations.