Kochi real estate – a progressing trend

Kochi, being the commercial capital of Kerala, holds immense room for real estate expansion and growing economic progress. Formerly known as Cochin, the state exemplifies a rich mingling of a beautiful cultural heritage with historical palaces, old churches, backwaters, beaches and museums embellishing its picturesque environment.

The state manages to attract enormous percentage of tourists due to its alluring landscapes and exquisite sites that are delightful treats for travelers.       

Kochi, also known as the ‘Queen of the Arabian Sea’, stands forth as the business, industrial and the tourism capital of Kerala. The state has undergone significant changes in its lifestyle and also possesses an urban tinge with luxurious homes, high scaling buildings and business complexes. The developing social scenario is thereby triggering vast development and growth opportunities in its real estate industry.

Kochi real estate market is fast expanding with a boom. It is increasingly following competitive property trends and intensifying the realty investments and developments in the state. Potential realty developers and investors are now engaging in innovative projects that would cater to the growing requirements of the city. With immense focus being paid to factors like favorable budget, premium and luxury, Kochi is increasingly witnessing a great deal of real estate expansion.

Both residential property in Kochi as well as commercial sectors are on an upsurge with the introduction of several ingenious projects taking root in the state.  

With the strategic location of being situated in Central Kerala, Kochi accounts for the major share of industrial and commercial activities prevalent in the state. The state is also supported by sound connectivity with the presence of Airport and Railway Lines, intensifying the scope for commercial investments.

Considering the commercial graph of the city, Kochi possesses immense advantage of being the second most important city of the western coast of India. Ranked as the second best potential town for IT industry by NASSCOM, Kochi exhibits enormous scope for industrial as well as commercial augmentation.

The commercial sector is being escalated with substantial trigger from huge multinational companies and IT parks being set up in the city. There is an immense impact on the commercial real estate market of the city with the influx of event management firms and the budding industrial sectors of Kerala. With significant investments by large scale firms and NRIs into massive projects, the commercial sector is undergoing enormous upsurge.

With the inflow of the expanding IT and MNC industry, Kochi is progressively advancing to become a commercially successful destination.

Kochi is supremely connected globally through air, sea and road rendering it adequately reachable. This has led to consequential activities by IT and Software industries. Also, with several institutions, both private and public, planning to invest in the IT and business parks of the city, there would be tremendous corporate influx in Kochi.

Prominent infrastructural developments like the Metro Rail Project, New Bus Terminal at Vytilla, The International Container Transshipment Terminal (ICTT), LNG Terminal, Port-based Special Economic Zones and International Cruise Terminal further augment the commercial advancement and subsequent growth in the city.

Real estate is also on an upswing with substantial progress in the residential market. High demands from NRIs and investors render favorable profit to the residential sector of Kochi’s realty market. With the rising number of working professionals in the city, the demand for quality as well as luxurious residential complexes, apartments and flats have increased considerably. Prime locations like Marine drive, Panampilly Nagar, Kadavanthra, Edappally, Kakkanad and Thevara are undergoing stupendous transformations with a multitude of residential ventures being initiated.

Extensive investments are being made in the residential segment of Kochi’s real estate by NRIs, intensifying the trend of quality and luxurious living. Property builders are incessantly introducing splendid residential complexes, featuring exquisite amenities including parking areas, miniature landscapes and gardens, elevators and health clubs. The upcoming flats and apartments in Kochi boast of a splendid living experience with integrated facilities like modular kitchens, impressive bathroom accessories and granite floorings.

With huge inflow of massive investments by property developers and builders such as DLF City, Great India Estates, Skyline Foundation, Sobha Developers and Sahara Builders, the real estate sector of Kochi is witnessing tremendous growth and upswing. According to studies by market analysts and experts, there will be a capital growth of 12{ef6a2958fe8e96bc49a2b3c1c7204a1bbdb5dac70ce68e07dc54113a68252ca4}-15{ef6a2958fe8e96bc49a2b3c1c7204a1bbdb5dac70ce68e07dc54113a68252ca4} in the Kochi’s real estate industry.

As consequence of the advancing commercial and residential activities being initiated in the city, Kochi is fast emerging as a potent and profitable real estate market in the country.