Kochi is a scenic destination in Kerala that is regularly visited by tourists from both India and abroad due to its pristine and laid back beauty. However, this part of Kerala is also slated to be the next big destination for real estate development as many new projects are coming up here at the present moment. The infrastructural development and closeness to nature are some of the factors due to which many people are now choosing to come and settle down in Kochi. This has led to the widespread demand for apartments and villa projects in Kochi that are currently being developed here by leading real estate groups. The rapidly developing job market of Kochi has also increased the demand for well designed modern homes.
Here are some of the factors that have increased the value of Kochi as a major destination for real estate development.
- Kochi is on the verge of a major infrastructural development since it has been selected for the Smart City initiative. The city is going to experience major developments in the fields of water management and e-governance. Additional infrastructural enhancement will encompass power and water supply, sanitation, solid waste management, public transport and efficient urban mobility, IT connectivity just to name a few.
- Compared to many other parts of India, the prices of real estate are rather affordable in different parts of Kochi. Even the villas in Aluva that are located at some of the most strategic points are available at cost effective rates. This is just perfect for families that are looking to have beautiful and nice homes for themselves at affordable rates.
- The first phase of Kochi Metro Railway that became operational in 2017 connects Aluva to Pettah and runs for about 25 kilometers. This has made it possible for people living along this stretch of area to commute easily between these two points. This is certainly good news for people looking for apartments in Ernakulam