The group Lucknow-based Sahara made a foray into Kerala with the launch of a residential apartment complex of 728 units to the road in Port-Airport Kakkanad in Kochi.

According Sushanto Roy, head of real estate affaires’de s Sahara, the group plans to invest Rs.300 crore in the draft Kochi. It has acquired 65 acres at Tripunithura and monitors for land suitable to other centres in the state.

The draft Kakkanad is allocated an area of 14.72 acres and proposes to house 728 residential units. With an accumulated total area of about one square metre of sixty-eight thousand lakh, the project includes a mixture of two to four apartments duplex apartment terraces apartment bedroom three-and four-bedroom, and.

The group hopes to provide units in a span of three years-and-a-half. The residential units will be priced in the range of Rs.34 lakh to Rs.80 lakh.

Dewa Group  Private Ltd, a company promoted by a group of NRIs based in Kuwait, will establish a complex of superb luxury apartment on the navy command in Kochi. K. Venugoplan Nair, President of the company, said that the project would place new benchmarks for residential property.

The apartments will have a guarantee of ten years. The kitchen, lining bathroom, doors and other fittings will be supplied by companies superior to Germany, Italy, Australia and Canada. The complex will be six tours include 400 apartments surrounded by four acres of landscaped park. It will be a shake-resistant structure. The price of a three-bedroom apartment will be more than Rs.3 crore.

The company has substantial real areas be held in major cities including Bangalore, Chennai, Thiruvananthapuram and in the Andaman and Nicobar islands. The company invested the Rs.3000 crore for the project Kochi, to be completed by 2011. It had undertaken a study which said that Kochi was the high potential in the real estate sector. The luxury apartments were difficult to obtain, M. Nair said