Investing in real estate is the best way to increase wealth in India today. The real estate sector is growing at a rapid pace and is expected to grow in the coming years. Upcoming locations like Kochi present a lucrative opportunity for investors. The city has been selected as a smart city by the government of India giving it a special status for infrastructure and economic development. Kochi is one of the fastest-growing cities in the country with a sound GDP growth supported by infrastructure development and a skilled working population.
Let us look at some important factors that prove that investing in real estate in the city is profitable:
1. Location
Kochi located on the west coast of India is a natural port and one of the largest commercial harbors in India. It serves as a major export destination and gateway to important hubs of the world like the Middle East and Europe. The city is well connected by air, road, and sea to major hubs of the country making it easily accessible for trade and commerce. These reasons have favored the growth of real estate in the region.
2. Growing economy
Kochi is the economic capital of Kerala. The city is seeing significant growth in the IT sector with many major MNCs setting up their offices here. The city also attracts many tourists from all over the country and the world. These factors have boosted the growth of residential and commercial real estate. The demand for apartments in Kochi these will continue to grow with a rise in property values and rental incomes.
3. Booming real estate market
The demand for housing, rapid urbanization, and economic development supported by the government’s initiatives to improve infrastructure, have made Kochi a major real estate hub of Kerala. Investors have a wide range of residential and commercial projects to invest in. The growth in property prices in Kochi is one of the highest in major markets. The rental returns are also noteworthy so investing in flats in Ernakulam is a good option.
4. Quality of life
Kochi is known for its scenic beauty and tourist spots in and around it. The city offers a good modern lifestyle yet is unspoiled by the congestion of large cities. It has the best malls, entertainment avenues, and weekend getaways where young professionals can spend quality time. The city also has the best educational institutions, healthcare facilities, and essential facilities that attract many people to settle here. The demand for housing is estimated to grow manifold in the coming years. Investing in luxury apartments in Kochi can generate good returns given the rising demand for these in the city.
Some new trends seen in the housing projects in Kochi are growth in luxury apartments and projects emphasizing sustainability. Investing in these projects will be in line with the future trends.
