Real estate investment strategies in Kochi are changing as the city grows. With new buildings and more jobs being created, buying property in Kochi is a great investment for the future.
Important factors to consider while investing in flats in Kochi should be understood before spending your money. Let’s look at why buying a flat in Kochi is a smart choice for those interested in investing in flats.
Benefits of Investing in Flats in Kochi
1. Good Returns on Money
Flat prices in Kochi keep going up. A flat that cost 45 lakhs a few years ago is now worth 65 lakhs or more. This happens because of the rapid infrastructure development happening in the city, the presence of a port, international airport, and more. Many new companies, especially IT companies and MNCs are establishing their businesses or opening branches here. The road network is becoming better and covering more areas. There is no dearth of markets, recreation, or shopping facilities, and it is only increasing by the day.
2. Easy to Find Tenants
Many people come to Kochi for work, business, and study. They need places to stay, and they are usually not looking to purchase but to rent, as they are here for the short term only. If you buy a flat in areas like Kadavanthra, Edappally, Palarivattom, Vyttila, or Thripunithara, you can easily get a substantial amount of rent each month.
3. Great Location
Kochi has excellent connectivity to the rest of the state, other states in India, and also to the rest of the world. This is thanks to the presence of an excellent road network, rail connectivity, and the international airport.
4. Cheaper Than Big Cities
You don’t need to spend as much as you would in Mumbai, Chennai, or Bangalore. This makes it easier for first-time buyers. Even if you need a loan, you will be able to manage with a smaller loan. This means lower EMIs, and lesser interest burden.
5. Better Life Quality
Living in Kochi means a vibrant and cosmopolitan culture, modern facilities, security, and comparatively lower living costs. There is access to excellent educational and health facilities, which makes life easier. People get to enjoy nature’s beauty and traditional values blended with modern amenities and comforts.
7 Common Mistakes to Avoid when Investing in Real Estate in Kochi
- Not checking property papers
- Buying too quickly
- Not looking at area growth
- Forgetting extra costs
- Choosing only based on low price
- Overshooting your budget
- Not verifying the builder’s credentials
Also Read: 7 Common Mistakes to Avoid When Investing in Real Estate in Kochi
Important Factors To Consider While Investing In Real Estate In Kochi
● Metro stations nearby mean easy travel and better property value.
● Areas with many new offices usually mean more rental demand.
● Are new roads and bridges coming up? That area might be worth looking at.
● Main roads close by make daily commute easier and property prices higher.
● A good real estate agent knows the area well and can find you better deals.
● Don’t buy the first flat you see – compare prices in at least several areas and from different builders.
Also Read: Important factors to consider while investing in real estate in Kochi
Conclusion
When buying a flat in Kochi, take your time to look around. Each area is different – some are near schools, others close to offices. Choose what works best for you.
Remember, buying a flat is a big decision. Don’t rush. Visit many properties. Talk to people living there. Check if the builder is good. Make sure all papers are correct. This way, you’ll make a good choice and your money will be safe.
If you’re looking for real estate investment options that are safe bets, check out the premium 2 and 3 BHK apartments from Varma Homes. As a leading builder of Kerala, Varma Homes projects are RERA-approved, and all transactions are transparent. We provide excellent service even after the sale agreement is signed.
FAQ
What makes Kochi a promising location for real estate investments?
Kochi is experiencing rapid infrastructure development, with improvements in road networks and the presence of a port and an international airport. The city is attracting many IT companies and multinational corporations, boosting property values and rental demand, making it a promising location for investing in flats and other real estate investments.
What are the financial advantages of buying a flat in Kochi compared to other major Indian cities?
Kochi offers more affordable real estate prices than larger cities like Mumbai, Chennai, or Bangalore, making investing in flats here particularly appealing. This affordability translates into lower loan amounts, reduced EMIs, and a lesser interest burden, which is especially advantageous for first-time home buyers looking to invest in flats.
How can I ensure a secure real estate investment in Kochi?
To secure a real estate investment in Kochi, ensure thorough verification of property documents and the builder’s credentials. Consider the growth potential of the area, check for proximity to key amenities like metro stations and main roads, and don’t rush the buying process. Opt for RERA-approved projects from reputable builders like Varma Homes to ensure transparency and reliability in your investment.
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