Kochi Metro : Impact on Real Estate Industry
Kochi Metro : Impact on Real Estate Industry
Kochi is a market just waiting to happen and it has all the potential to develop into a world class city. The infrastructure for such development is already in place. The connectivity by road, metro and ferry has improved and is in the process of getting better.
The Kochi Metro Rail project may positively impact city’s real estate market. For many years, Kochi was not regarded as a dynamic real estate market. However, this started changing sometime back especially in the real estate front with leading IT companies making a beeline for the city. Metro rail project is the latest in the list for the transformation of Kochi.
The metro has changed the real estate scenario of many cities, Delhi being the most classic example. The proximity to metro has become a major selling point for all the developers and realtors. It is true that owning a property near a metro station has its own benefits in terms of the future appreciation expected out of it.
The adjacent areas of metro stations will also see a surge in property values, as people love the convenience of walking to the station to board the train. Additionally, the sale of such properties will also become easier as a large number of buyers try to buy property at such convenient locations.
Varma Regent, compact apartments is being built at Edapally by the best property builders in Kochi. Taking into consideration the uniqueness and the sophistication of affordable luxury homes in the finest of the locations, Varma Homes have gone all out to constructing happiness.
Varma Regent is one of the current ongoing residential projects of Varma Homes at Edapally. At Varma Regent, located at Ponekkara, to say 'convenient' is an understatement. It demands immense courage and deep visualization to make a dream home come true. The unique combination transcend to a whole new realm of affordable 2 & 3 BHK luxury homes ranging between areas of 862 sq.ft to 1357 sq.ft. Kochi's fast paced culture is at the doorstep with the phase I of the Kochi Metro Rail project commencing up to Edappally.
Kochi Metro is the promising growth corridor of real estate in Kochi. The 13 km stretch metro rail between Aluva and Palarivattom will be open from May 2017. Before the commencement of flyovers, no other place in the city had this much of traffic passing through it, other than Edappally. However, the four-lane flyovers in Palarivattom and Edappally have cleared the traffic bottlenecks in these areas.
Edappally enjoys a well-developed social infrastructure with many schools, hospitals, malls and shopping centres in the vicinity. Lulu Mall - India’s Largest Shopping Mall is just 2 km to the Varma Regent. People are well connected to the best and the biggest healthcare centers in town – Amrita Institute of Medical Sciences (AIMS), Kerala Institute of Medical Sciences (KIMS), Renai & Aster Medicity.
Edappally Junction is the meeting point of NH 47 and 17. It manages to connect the city to most of its components, either directly or as an alternative route. The IT hub of Kakkanad and the Infopark also connect with the rest of the world through Edappally.
All the above factors make Edappally a prime investment option in Kochi for both investors and buyers. Experts state that, now would be the right time to invest. If you are looking to buy an affordable apartment in Edappally with luxury amenities Varma Regent is the best option.
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