What indicates an area’s growth in Kerala? Land prices. In Kizhakkambalam panchayat of Ernakulam district, the land prices are soaring – all thanks to an electoral venture launched by a local businessman, Sabu M Jacob.
Siyad Abdul Khader of Magical Properties, a land brokerage firm based in Aluva, told The Quint, “People are moving from unaffordable places like Kochi and Ernakulam to localities like Kizhakkambalam where governance is good. This has upped the prices in these localities which are 25 Km away from Ernakulam city”. Land prices in Kizhakkambalam has doubled in the past seven years from Rs 2 lakh to Rs 5 lakh per Cent (one Cent is 435.6 sq ft).
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