Why Kochi is the Best Option for Investment?

  • Steady Price Appreciation: Property rates in Kochi have shown steady appreciation, making it a favourable market for both investors and end-users. The city’s strategic location and infrastructural developments have contributed to this growth.

 

  • Infrastructure Development: The city has seen substantial infrastructure development, including improved road networks, public transportation, and the Smart City project, which is enhancing the overall quality of life for residents.

 

  • Booming IT Sector: Kochi’s emergence as a prominent IT hub in South India has led to increased demand for housing, especially in Info Park, Kakkanad. This demand has resulted in the growth of residential and commercial properties.

 

  • Tourism Appeal: Kochi’s cultural heritage and scenic beauty continue to attract tourists from all over the world. This has created a lucrative market for vacation homes, serviced apartments, and homestays, offering investment opportunities in the tourism sector.

 

According to the Tourism Department of Kerala, between January and June 2023, the most number of tourists had visited Ernakulum in Kerala.

 

  • Government Initiatives: Kerala’s government has been proactive in promoting real estate investment by simplifying regulations and offering incentives, making it easier for individuals to buy property in Kochi.

 

  • Booming Retail and Entertainment: The city’s retail and entertainment sectors have flourished, with the development of malls, multiplexes, and shopping districts. This has contributed to the growth of the real estate market in commercial and mixed-use properties.

 

  • Resilience During Economic Downturns: Kochi’s real estate market has demonstrated resilience during economic downturns, making it a safe and stable option for long-term investment.

 

  • Favourable Property Sizes and Types: Kochi offers a variety of property types, from budget-friendly apartments to luxury villas, catering to a wide range of buyer preferences.

 

 

Top 5 Places to Invest in Kochi

  1. Kakkanad – Known as the IT capital of Kerala and is home to Info Park, a major IT hub. It is well-connected to other parts of the city and has good infrastructure. Property prices in Kakkanad are relatively affordable, making it a good investment option for both individuals and businesses.

 

  1. Aluva – It is a suburban area located about 15 km from Kochi city centre. It is a major transportation hub and is well-connected to other parts of the state. Aluva is also home to a number of industries, making it a good investment option for those looking for commercial property.

 

  1. Panampilly Nagar – A well-connected locality with good infrastructure. transportation. It is a high-demand locality with a lot of amenities and is a home to a number of shopping malls, restaurants, schools, and hospitals.

 

  1. Edappally – It is a residential and commercial locality located in the northern part of Kochi city. It is well-connected to other parts of the city and has good infrastructure. Edappally is also home to a number of industries, making it a good investment option for those looking for commercial property.

 

  1. Kaloor– is a commercial and residential locality located in the heart of Kochi city. It is home to a number of shopping malls, restaurants, and hotels. Kaloor is also well-connected to other parts of the city and has good infrastructure.

 

 

Out of the Top 5 places, Kakkanad has the highest real estate growth in Kochi. Property prices in Kakkanad have been rising steadily in recent years and are expected to continue to grow in the coming years.

 

Booming Real Estate Market in Kochi:

Latest Property Rate Trends and Opportunities for Buyers

Kochi’s real estate market has been on an upward trajectory, offering promising opportunities for potential buyers. With its strategic location, infrastructure development, and strong economic factors, Kochi presents a positive outlook for those looking to invest in the city’s vibrant real estate sector.

The real estate market in Kochi has been growing steadily in recent years. The growth rate has been particularly strong in the past two years, with prices rising by an average of 10.2% in 2022.

Land rates in Info Park, Kochi are around Rs 700-2300 per sq. ft. Average property rates per square feet in Info Park, Kochi for flats stood around Rs 6850 per sq. ft as per the latest statistical reports.

There are a number of factors that have contributed to the growth of the real estate market in Kochi. These include:

  • The increasing population of Kochi. The city’s population is growing at a rate of 2.5% per year, which is creating a demand for new housing.
  • The growth of the IT sector in Kochi. Kochi is home to a number of IT companies, which are creating jobs and attracting new residents to the city.
  • The improvement of infrastructure in Kochi. The city has invested in new roads, bridges, and airport, which has made it easier for people to live and work in Kochi.
  • The low interest rates in India. The Reserve Bank of India has kept interest rates low, which has made it more affordable for people to buy homes.

 

Kochi’s real estate market offers promising investment opportunities, but conducting thorough research and risk assessment is crucial.

iGen Properties will help you make the smart choice for your real estate investment.

Did You Know

  • The real estate market in Kochi has been growing steadily in recent years, with prices increasing by an average of 5-7% per year.

 

  • The demand for property in Kochi is being driven by a number of factors, including the city’s growing economy, its strategic location, and its improving infrastructure.

 

  • The latest data from the Reserve Bank of India (RBI) shows that Kochi recorded the highest appreciation in housing prices among the top 10 cities in India in the past one year.

 

  • The RBI Housing Price Index for Kochi rose by 7.15% in the year to March 2023, compared to a national average of 2.79%.

 

  • A recent report by JLL India, a global real estate consultancy firm, predicts that the real estate market in Kochi will continue to grow in the coming years. The report projects that the average price of property in Kochi will rise by 6-8% per year over the next five years.

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