Emerging Trends in Real Estate Market of Kochiby Aayush K. Real Estate
Infrastructural projects, developments in the IT sector, and Metro Rail are driving the demand for housing and builders in Kochi are trying to fill the gap.
Top property markets may be struggling, but the property market in the tier-2 city Kochi seems to be booming. The factors fueling the growth include the influence of the IT sector, infrastructure projects being implemented and the emergence of self-sustaining micro markets.
Statistics show that 25 percent of the people buying properties in the city are expat professionals. The transformation of the city as an IT Hub has also contributed to a boom in the housing sector. With the development of the Infopark and the Smart City, there is an increased demand for housing, even form people from outside the state. Moreover, Kochi is the only city in Kerala to have a container terminal for facilitating international trade and metro rail connectivity. All these have contributed to an increase in demand for luxury apartments as well. This, in turn, has resulted in a double-digit increase in property prices. As a result, many Builders in Kochi have started offering luxury apartments and some of them are lake-facing apartments.
Multi-story buildings have also started coming up in the peripheral areas of the city center. Localities such as Maradu, Kundannoor, Tripunithura, Kadavanthara, Edapally, Vytilla, and Palarivattom are fast becoming areas that offer a blend of residential and commercial spaces. These self-contained micro markets boast of high-quality educational institutions, hospitals, and excellent shopping centers. In fact, the demarcation between the localities in the central parts of Kochi and peripheries is slowly fading off.
Hebron Properties Kochi
Silver Shores, the maiden project of Hebron Properties in Kochi, in Maradu locality is very close to Metro Station Pettah terminus and enables easy and quick access to National Highways NH 544 and NH 66. As a result, Maradu locality is one of the fast developing peripheral areas of Kochi city. Silver Shores offers both 2 and 3 bedroom luxury apartments that overlook the beautiful backwaters of Kochi.
The Maradu locality is neither too far away from the city or too close to it and this enables you to enjoy the best of both worlds. However, some of the best and prestigious hospitals, educational institutions, hotels and restaurants, and shopping malls lie within a distance of 4 to 5 kilometres from Maradu.If you go by the latest trends in Kochi real estate market, it makes sense to buy lake view apartments near Maradu either for your personal use or as an investment. The property prices are only expected to appreciate in the near future.
Created on Feb 22nd 2019 10:42. Viewed 480 times.