Cochin is a leading location for development in South Asia. The value of property in Kochi is increasing rapidly on a daily basis. Housing needs and infrastructure bottlenecks in Kochi have made people look for better options on the outskirts. The city is bursting at its seams and expanding to the suburbs. Huge projects are in the offing. The international container trans-shipment terminal project at Vallarpadom, along with the city emerging as an information technology hub, is also fuelling the Cochin property boom. And these developments have found their echoes on the outskirts, which, builders feel, are suitable to fulfill the housing needs of the growing city. Thripunithura is one such town, becoming one of the main areas for setting up flats. The big names among the builders have launched projects in the city.
The royal town of Thripunithura, or the temple town, as popularly known, has earned a place for itself in the hearts of people who wish to settle down near Kochi. A place where retired men and women have been finding peace of mind, this town has grown to attract young couples to set up homes. Before long, this little town will expand and meet its big sister, Kochi, which has been spreading. The process is already on. Ten years ago, not a single high-rise apartment was there in Thripunithura. Now, the municipal area has more than 30 projects. While the heart of Thripunithura remains unchanged, the high-rise buildings have come up at various places inside the Fort area and also outside, slowly changing the face of the town.
The town does not have a heritage status as such, but certain structures have been identified as heritage buildings. The first high-rise apartment came up in the centre of the town at Statue junction in 1996. While many were skeptical about all flats in the first project being sold out, all of them found takers within no time. A problem faced by builders in Thripunithura relates to structural planning. The builders have to conform to the old norm of constructing only up to a height of 1.5 times the given area, whereas in the Greater Cochin Development Authority limits, the height of a building can be three times that of the given area.