Apart from being one of the major ports in India, Kochi is also a city known for its culture and history. Located on the south-west of India, on the coast of Kerala, Kochi is an ideal place to invest in. The city is visited every year by national and international tourists simply for its scenic beauty. Additionally, its various industries such as IT, ship building, chemical, oil refining, electronics and hardware attract a lot of workforce from across the country.
Its natural and historic beauty aside, Kochi has also been termed as the next big real estate destination. You may choose to invest in or live in Kochi for many reasons. The first is that most villas and properties in Kochi are available at cost-effective rates. Kochi is also a growing hub for real estate and commercial development, offering great amenities for families. Finally, its location near the coast makes it more attractive as a real estate investment. Residential projects in India is more demanding as compare to Land and Plot.
If you are looking for all these factors for real estate investment, you can consider flats for sale in Kochi. Here are the best places in Kochi to invest in.
Aluva is a Kochi metropolitan area situated in the Arnakulam district of Kerala. It is located on the banks of the river Periyar and is 15 kms away from the Kochi City. The location of Aluva is ideal as it acts as a link between the highland districts and provides easy access to all forms of transportation for daily commuters. The Cochin International Airport Limited is situated only 11.7 km away from here. It also has taxis, buses, and waterways along with rail services that can be availed from Aluva railway station. You can board a bus to Mumbai, Mysore, Bangalore, Chennai or other cities easily from the multiple interstate bus stops in various parts of Aluva. Since the real estate sector is at its early stage of development here, the property rates in Aluva are reasonable. If you are thinking of buying a plot in this region, you can expect a price of Rs. 3,500–95,238 per sq. ft.
Kakkanad is located towards the east of the city and is a major industrial and residential region in Kochi. It is considered to be an IT hub with a wide range of homes available in various budgets along with amenities like hospitals, clinics, and educational institutions. It also houses the Infopark, Cochin Special Economic Zone, KINFRA Export Promotion Industrial Park, and Smart City. It offers a wide range of properties with an approximate value of Rs.50 lakh. In this region of Kochi, the pricing based on each square foot is approximately Rs. 2,889–9,809 per sq. ft. The capital rates are low due to the current low demand in this region. However, most people consider it an ideal location for a living. One of the upcoming projects here is the DD Diamond Valley by Desai Homes. You can also buy premium villas by SFS Homes here as well as by Kent Constructions.
Edappally is well-developed region that is 30 minutes away from the Kochi city and is known as the junction of the city. It is known to house some important religious monuments like the Perandoor Temple, the Juma Masjid, and the Edappally Church, along with renowned hospitals and schools. It is also considered to be the most happening place in Kochi. All of these factors add up to making it an ideal location for a home. A 3BHK flat here would cost you approximately Rs. 3,676–Rs. 11,236 per sq. ft. The Abad Builders’ Abad Oasis is also a great investment in Edapally and is priced at Rs.1112–Rs.2803 per sq.ft.
Infopark is an IT park situated 10 kms away from the Kochi City. It is connected to the airport road through a four-lane expressway. There is also a waterway that connects this region to Kochi’s Marine Drive. Due to the business in the region and the IT hub doing exceptionally well, there is a high demand for the development of residential areas. With well-connected roads and waterways, living at Infopark can be cost-cutting for you and a great place to invest as a way to supplement your income. A 3BHK flat in Infopark will cost you a minimum of Rs.44 lakhs with a value of Rs.1115 per sq. ft. You can also consider purchasing flats from the Confident Group near Infopark.
Tripunithura is a residential region located 8 kms from the main city known for its historical architecture and significance. It was the capital of the erstwhile kingdom of Kochi back in the day. Tripunithura has good connectivity and infrastructure, making it a popular location. The NH 85 (Kochi Madurai highway) passes through this region, offering easy commute options. You can choose to travel by railway or buses to different parts of this region easily too. Tripunithura railway station is a major station that is frequented by many express trains and passenger trains. It offers properties of a range of not more than Rs.50 lakh which is approximately Rs. 3,000 to 4,000 per sq.ft.
The rich city of Kochi offers you a wide range of possible investment opportunities. So, choose from these options to find the ideal location in Kochi to invest in flats in Kochi as per your needs. Consider taking a home loan of up to Rs.10 crore from Bajaj Finserv and avail help from this NBFC to find a suitable property in Kochi as per your budget too.