Why You Should Invest In A New Home In Kochi

Kochi is fast picking up as a real estate destination in India. There are quite a few reasons for this: on-going Kochi metro construction, commissioning of the Smart City and the Infopark, and creation of many new jobs in the city. All these are steadily contributing to the growth of the property market in Kochi. Let us see why one can invest in real estate in the city of Kochi.

#1: The building of Kochi Metro

The Kochi Metro is being built to connect the 25-km stretch between Pettah and Aluva town. In between, it connects many important points in the city such as Vyttila, Kadavanthra, Ernakulam South, MG Road, Maharaja’s College, Kalamassery, and Aluva. This is definitely a great corridor for development and is one of the most sought after locations for investing in a house/apartment/real estate. If you want to invest in property in Kochi, you can look for flats for sale in Kochi anywhere in these areas. Kochi being the commercial capital of Kerala, there are a number of investors that are investing in infrastructural development in the city.

Smart City in Kochi

The Kochi Smart City is a business township that began operations just a few years ago. Smart City would advertise for 90000 job openings in the year 2020. The higher job demand could generate a bigger housing demand. There would be greater demand for good quality 2 BHK apartments in Kochi. The rental market would grow bigger. The growth in real estate would happen because of non-local people seeking job opportunities. The expansion of job markets would attract more investors to the city.

Micro-markets

Suburbs of Kochi such as Panampilly Nagar, Kadavanthra, Edappally, Vyttila, etc., are already having many ongoing projects of smaller ranges. In contrast, there are some builders such as Hebron Properties Kochi that are building luxury apartments. There is a mix of all kinds of housing projects that are coming up.

To suit the occupants of these different types of houses, Kochi is now home to different venues of investment, recreation and business opportunities. The Vyttila Mobility Hub is designed to channelize the increased traffic in the city to a smooth flow. All of these are expected to mobilize the rental market as well as the real estate market in Kochi.

New Concepts

In spite of the fact that the rental market was not very well established up till now, the concept of semi-furnished accommodation and fully furnished accommodation is growing in the city. Youngsters are sharing apartments paying a large amount as rent.

In case you are looking to invest in real estate in Kochi, do not hold back yourself. The right time is now.