The significance of the middle zone in Kochi
The city of Kochi can be sub-divided into different zones.* Consider the area that was considered as a major business center in earlier times.* This zone is now part of the prominent old city area.* Created in the nineteenth century, it was a teeming commerce center.* The main feature of this zone is its few vacant spaces and other built up areas.* Some open spaces can still be seen in this zone.*
The southern part of this zone is a major business area and in the south-eastern part is the main retail center.* The Cantonment area is a planned sector with very little built up area, since it was set apart for future developments.* Other areas of this middle zone are fully built up, i.e. from 60 to 80 percent.*
This zone is highly commercialized, with moderately congested residential, administrative zones and a large area set apart for the use of the public.* It is an area that has witnessed planned urban growth and scores of straight roads have now made connection quite easier.* In the western part of this zone, many of the prominent industries are located.* Scores of small scale industries have also got established.* This zone is characterized by low and middle class residences with very few high class houses.* The area around the former Jew Street was a focal point of this zone.* A number of state offices, private offices, shopping complexes, cinema halls etc. were located here in earlier times.* This zone is characterized by multiple use of land and mixed land-values.
When analyzing the developments in Real Estate Kochi always took a different line that is much different from those prevailing in other areas.* Zonal development in real estate has ensured a better deal for land-owners and also the prominent business houses.* Businesses in the red could totally diversify by selling off the landed properties located in the prime areas.* Since the land values have already gone up by more than 300 percent in certain areas, selling off the company land at a higher price helped to relocate the work to other more convenient areas.* Thus, the move for a loan or other grants for business diversification could be avoided.