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Why Kochi Is A Top Real Estate Destination For NRIs
CategoriesBlog Real Estate Trends

Why Kochi Is A Top Real Estate Destination For NRIs

By ABAD Group,

Kochi is the fastest-growing Tier II city in India. It is also the economic capital of the state of Kerala. Rapid infrastructure and industry development have boosted the real estate market which is witnessing a huge demand for residential and commercial properties. Rising incomes and living standards in the metropolitan have created a steady rise in the demand for luxury living. The city also poses as a perfect blend of traditional and modern cultural lifestyles for its residents making it an attractive destination for an NRI (Non-resident Indian).

Let us look at some important trends in the property market of Kochi:

1. Location

The prime locations that offer luxury flats in Kochi are Marine Drive, Panampilly Naga, Kakkanada, Vyttila, and Kadavanthra. These prime locations offer elite neighborhoods, waterfront areas, and stunning views of the sea and backwaters. They have easy access to educational institutes, hospitals, malls, cafes, and restaurants. They also offer some of the best commercial real estate in the city.

2. Design and Architecture

The luxury flats in Kochi are adorned with modern as well as traditional architecture to suit the tastes of the selective NRI buyer. Luxe apartments, bungalows, and villas showcase elegant designs and contemporary layouts giving them a refined look. High-end interiors with premium materials, fixtures, and fittings are used to entice the NRI elite.

3. Amenities and Facilities

Luxury homes in Kochi offer world-class amenities to keep up with the lifestyle of the wealthy. Swimming pools, fitness centers, clubhouses, spa and wellness centers, multi-car parking, 24×7 security, and concierge services are common facilities that suit the Uber lifestyle.

4. Privacy and Security

The high-end security and privacy distinguish flats for sale in Kochi. The gated communities of these projects have restricted access and security personnel surveillance 24/7. Some complexes also have advanced security features like video intercoms, CCTV surveillance systems, and automatic fire-combating systems.

5. Green and Sustainable Living

Green living and natural resources consciousness are important values that carry special significance for the NRI. Rainwater harvesting systems, solar panels for electricity generation, energy-efficient appliances, and landscaping that prioritizes native plants and conservation are some of the primary features that many luxury projects incorporate.

6. Developers and Builders

The major reputed builders in Kochi offer modern luxurious flats for sale in Kochi to meet the demand of the uber home buyer. They are constantly innovating to distinguish themselves from the competition and win the approval of discerning NRI investors and buyers. Luxurious gated villas, deck-style apartments, personalized services, and heightened security systems are some of the innovative facilities that meet international standards. The luxury flats for sale in the Kochi luxury market are more spacious than budget apartments.

7. Investors

The real estate market in Kochi is seeing steady growth – one of the highest in the country. The different options in home segments help in making smart investment options with the potential for high returns. NRIs interested in Kochi real estate can invest in villas or luxury flats to settle after retirement.

Real estate investment in Kochi can be highly lucrative. After some research on the locations, and property markets and consultation with industry experts, NRIs can invest in property projects without doubts. Reputed projects are in great demand in this city and tend to sell fast. One must be vigilant and quick in investing in good properties.

Wish To Buy A Home in Ernakulam Here’s What You Should Look For
CategoriesBlog Location of The Month

Wish To Buy A Home in Ernakulam? Here’s What You Should Look For

By ABAD Group,

Ernakulam or Kochi, the queen of the Arabian Sea, is a natural wonder in the south Indian state of Kerala. Known for its scenic natural beauty and as a cultural hotspot, this city is also witnessing tremendous economic growth. The city offers its residents a chance for holistic living with many experiences to explore. Most reputed builders and developers in Ernakulam have recognized the city’s potential as a major attraction for home buyers and investors. They are building excellent residential complexes to meet the growing demand for housing.

It is important to keep certain things in mind while buying an apartment in Ernakulam:

1. Budget

Buying an apartment is a major investment. You may be salaried or a businessman, the first step is to check if you have the funds to invest in the apartment. Set your budget after doing a proper analysis of your finances. If you are taking a loan, consider all the costs involved and budget the EMI payment from your income. For example, if you are checking flats for sale in Ernakulam, you need to check if it is within your budget.

2. Location

You need to check how accessible the location is from your workplace. Does the location have good facilities and social infrastructure? Is it easily accessible to schools, hospitals, shopping centers, and malls? These are important questions to be asked before you think of buying a flat in Ernakulam. The location also plays a major role in determining the costs associated with purchasing the property.

3. Builder/Developer Reputation

The reputation of the builder is an important factor before short-listing projects. The track record of the builder can be researched online. The past project reviews, customer feedback, and ratings will give a proper picture of their track record. If it is a new location, it becomes important to check for the reputation of builders for that area. It’s always safe to select a reputed builder who has successfully completed many projects.

4. Legal Documentation

Ownership title, land use permissions, approvals from local authorities and municipalities, and clearances are important documents to check and make sure the project in question is legitimate. No matter how lucrative an offer may seem or how many perks are offered, if all the paperwork is not in place, then it is better to skip that project.

5. Amenities and Facilities

The amenities usually determine the cost of the property these days. Check and compare amenities offered by different projects within your budget. The amenities that are useful to you should be prioritized. A swimming pool, clubhouse, gym, and garden are some of the common amenities that are offered in most reputed apartments in Ernakulam.

6. Safety and Security

Any good apartment project offers basic security features like a gated residential complex with security personnel and CCTV cameras. These are basic facilities that are expected no matter the price of the apartments. After all, one must ensure the safety of the vulnerable members of their family like children and senior citizens.

These are some of the basic criteria you should consider if you wish to buy an apartment in Ernakulam. One can always look for specific facilities and amenities during their search.

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