What makes Kochi - the most sought after real estate destination in the country?

Kochi will be the next most preferred real estate destination in the country. The city holds a strong growth potential. The infrastructure developments backs the real estate market in the city.

The city has been gaining momentum and development in all angles. Kochi is one among the top 20 cities selected for the smart city project. The city ranks fifth and is expecting huge investment for development. Smart city initiative will enhance developments such as E-governance and water management in a pan-city level. The city will offer the best to the residents with proper power and water supply, planned infrastructure developments, waste management, sanitation, better connectivity with efficient public transportation, IT developments and lots more.

Mattancherry-Central City is the area selected for development in the smart city project. The entire area is witnessing interests from prominent builders. Several developers are looking for land for real estate development. This area and the neighboring micro markets are expected to see rapid growth in the realty market. These localities are ideal for investment as the property prices are expected to surge up in the coming days.

Metro rail project has changed the realty scenario of many major cities in the country. The metro rail project of Kochi is expected to be operational by the year 2017. The first phase will have an elevated 25 km route from Aluva to Pettah. The entire stretch will reap the benefit of the metro rail project. Micro markets such Edapally, Elamkulam, Kalamassery, Palarivatom, Kadavanthara and the other micro markets in the stretch will enjoy the maximum benefits from the project.

The property prices of these localities are expected to increase rapidly. Kakkanad and West Kochi will benefit from the expansion of the metro rail project. The areas located around the proposed metro rail corridor have started witnessing the property price appreciation. This will further increase once the project becomes operational.

The entire state is known for tourism. The city holds a rich heritage and this has contributed a lot to the tourism industry. A report says that the total tourism influx of the city in a year is almost four times its population. Most of the tourists are from different foreign countries and the city’s vision of transforming Kochi into a major tourist hub has paved the way for a healthy hospitality sector.

The city has a lot of potential and is seeing developments in the IT sector. This is generating a number of job opportunities. This job creation will boost the residential real estate market of the city. Many professionals are looking for residential properties. The city is one of the favorite markets among the NRIs. The residential market is attractive with a number of projects such as apartments, villas, beach houses and lots more.

The commercial growth, smart city project, foreign investment, active tourism sector makes Kochi an ideal destination for investment. The city has a number of residential projects from the reputed builders. Few of the prominent builders with the projects in the city are Oceanus Group, Skyline builders, Paul Alukkas Developers Pvt. Lt., etc.

Oceanus Crescent by Oceanus Group, Skyline Brown by Skyline builders, Oxoniya – Identity by Oxoniya Builders, etc. are a few of the trending projects in the city. If you are looking for luxury apartments, then you can consider Oceanus Crescent in Kochi. There are luxury villas with the best interiors in the city.

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