How Kochi's Infrastructure and Connectivity Shape Its Real Estate Landscape

Posted onMar 16, 2024

Kochi is known as the Queen of the Arabian Sea, and is the most cosmopolitan city in Kerala. The presence of the Naval Base, numerous MNCs, and the rapidly growing IT industry have contributed greatly to this city’s growth. 

There is a huge demand for quality residential spaces in the city, as is evinced by the real estate market trends in Kochi. The large number of NRIs from the state are finding Kochi an attractive prospect to invest. 

The excellent infrastructure and connectivity in Kochi is aiding the real estate boom. Let’s examine how exactly this is happening.

Kochi's Economic and Infrastructure Development

The robust economic growth that Kochi has experienced is definitely due to the rapid development of infrastructure. It has propelled Kochi into being a Tier 2 city.  It’s strategic location, existence of a port, international airport, the Kochi Metro, and Smart City initiative have played critical roles in attracting further infrastructure projects, investments in real estate, business, and development activities. All these factors make Kochi a promising and lucrative option for serious investors.

Kochi is not only connected to the rest of the world through its international airport, it is a major hub of international trade thanks to the port. It is also rapidly emerging as a tourism hub and is witnessing a surge in startups, especially in the IT sector.

Kochi Smart City

The Smart City initiative is a collaborative initiative between the state government and a leading investment management company, Dubai Holdings. The goals of this project are to establish an integrated business hub that will enable knowledge-driven enterprises to cater to an international clientele, giving rise to innumerable growth opportunities.

Kochi Smart City covers 246 acres, prioritizing sustainability, striving to deliver a seamless blend of work and leisure in thoughtfully-designed spaces. It is an ambitious and futuristic project that can transform urban living, and contribute substantially to Kochi’s economic and technological advancement.

The Kochi Metro and Top Residential Areas in Kochi

One of the areas to be first developed and coveted as a posh locality in Kochi is Marine Drive. Now it is beyond the reach of many, and so regions like Edappally, Panampilly Nagar, Palarivattom, Vyttila, etc. have been developed as the top residential areas in Kochi. The Kochi Metro covers almost all the most desired neighbourhoods of Kochi, further increasing the appeal of this city for real estate investors and buyers. With the completion of the third phase, the international airport will be connected directly to residential areas like Tripunithura, ensuring enhanced intra-city connectivity. By connecting to Infopark, it will be easier for people employed there to commute to different parts of the city.

Medical Infrastructure

Kochi is home to some of the best hospitals in the state, with state-of-the-art equipment, highly qualified doctors, excellent diagnostics facilities, and world-class treatment facilities. These hospitals attract a large number of foreign patients too.

Opportunities

The Infopark, Special Economic Zone, Kochi Refinery, and several successful companies provide ample opportunities for employment and entrepreneurship. The city is also a venue for submarine cable landings after Mumbai.

To Sum Up

All of the above factors are responsible for driving the demand for quality real-estate properties in Kochi. The city attracts jobseekers and entrepreneurs from all over the country. Obviously, those who migrate to the city for employment will need living spaces and this is one of the reasons for the growth of luxury flats in Kochi.

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