Kochi Real Estate: Reasonably Deluxe

Major port city on the south-west coast of India in Kerala, Kochi is climbing the ladder when we talk about its Real Estate market. Right from the infrastructural expansion, initiation of the much-awaited Kochi Metro, Smart City inventiveness to a plethora of job possibilities has excellently contributed to the property market of the city. Apart from many other localities, the city is mounting in the suburbs of Kakkanad, and Aluva.

The prices of the property in Kochi have been stable with a bit of appreciation for the last 5 years. Moreover, with the go-getting attempt in the formation of Kochi Smart City – a business township, Kochi is focused on transforming the job market in Kerala, guessing 90,000 openings by the year 2020. Moreover, the cost of living in Kochi is way less as compared to other metros.

Let’s dive in and have a look at the localities that embrace luxurious yet affordable realty:

Aluva

Widely known as the "Commercial City Of Kochi", Aluva is a town that is located in Ernakulam district of Kerala on the River Periyar. Not only Aluva is the commercial epicenter of Kerala, but a transportation hub as well.

Moreover, the pride project of the Government of Kerala that is the Kochi Metro Rail Limited starts at Aluva itself and this initiative will change the entire look of the city. There are a comprehensive number of luxurious properties developed in the city. You can buy a deluxe property here for about Rs 3,230 per sq. ft. on an average. Property types such as villas, independent houses, and flats are available here.

Property Under Construction: Amrapali Cosmos, Confident Oberon, Confident Symphony, Asset Commanders Bay, etc.

Property Ready To Move In: Shwas Homes Dual Core 25, Shwas Homes Alpine Suites, Shwas Homes Magic Lilly, Shwas Homes Moon Waters, and others.

Edappally

With a number of basic amenities like salons, spas, petrol pumps and convenient stores, Edappally is one of the flourishing and well-developed areas of Kochi. And not just this, Edappally is also known as the fastest growing locations of the city.

Right from Oberon Mall, Lulu Cochin Mall, Changampuzha Samskarika Kendram to Raghavan Pillai Park, there is an extensive array of shopping and entertainment places. Apartments, independent houses, villas, and row houses are the types of property that one can buy here. On an average basis, property per sq. ft. can be acquired in this location for over Rs 4,180.

Property Under Construction: Nucleus Premium Aura Sky Villas, Mather Projects Berry Woods, Olive Builders Iantha, Nucleus Premium Aura Villa, Infra Housing Proxim, etc.

Property Ready To Move In: Southern Kingsway Point, National Avenue, SFS Homes Eternia, Dream Flower Casa Bella, etc.

Kadavanthra

Home to the headquarters of the Greater Cochin Development Authority, Kadavanthra is a region in the city of Kochi. Kadavanthra is a growing area that is nearby the South Railway Station and this leads and easy access to areas like Cochin International Airport, Kaloor, and Vyttila.

Kadavanthrais the best place to buy property for there is a number of restaurants, cafes, nightclubs, salons, spas, and whatnot. The luxurious property of this location can be bought at Rs 4,200 per sq. ft. Apartments, independent houses and villas are the property types available here.

Property Under Construction: AC Opulenz, Dream Flower Casa Gardenza, ABAD Ikebana, Galaxy Homes Bridgewood and many others.

Property Ready To Move In: Tanzeel Chalet, Pioneer Infrastructure Co Pvt Ltd Swapnil Apartments, Clearway Celestiale, Dream Flower Pearl Vista, Galaxy Homes Luxor Apartments and others.

Kakkanad

Kakkanad is a suburb in the city Kochi and is home to a handsome portion of industrial base of Kochi. Over the years, this suburb has seen a tremendous development in the expectancy of the micro market transforming itself into an IT/ITES pivot.

Thanks to the existence of IT Parks and the proposed 'Smart City' that made a lot of famous buyers foray in this micro market. You can buy luxurious property here in this location with all the facilities and basic amenities at Rs 3,600 per sq. ft on an average basis.

Property Under Construction: Veegaland Developers Green Clouds, Trinity Developers World, Green Vistas Prakrriti, Jain Housing Tufnell Park, Desai Homes DD Diamond Valley and others.

Property Ready To Move In: Puravankara Eternity, Puravankara Purva Moonreach, Good Earth Hues of Life, Kent Constructions Mahal, Shwas Homes Cyber Hills and many others.

Chittoor Road

One of the most known and the best place to own a property in Kochi is Chittoor Road that is situated in the suburb of the central Kochi. It is a well-connected road with a number of bus stands. In addition to this, there is a comprehensive range of convenient stores, salons, spas, petrol pumps and ATMs amidst many other facilities.

As per the reports of proptiger.com, the rating for this location is 8 on the scale of 10 according to the user inputs. The property types that you can expect here are flats and independent houses. The average price for a property here is Rs 4,250 per sq. ft.

Property Under Construction: Asset Ocean Grove

Property Ready To Move In: Alunkal Projects Orange Embassy, RDS Project Nedungadan Residency, and Santhi Homes Thotekat Estate.

The 'Queen of the Arabian Sea' flaunts its 100% literate workforce that is one of the major factors of the city touching new heights. These are some of the localities of Kochi that are gifted with almost all the conveniences and yet the property of Kochi is pocket-friendly.

I have vast experience of real estate market and own/manage RealEstateIndia.com, a leading property portal in India that manages huge database of property/agent across the country.