Why You Should Consider real estate investment in Kochi

Posted onMar 25, 2024

The real estate market in India is booming, with a high demand for property. But where will you invest? There are numerous cities which are attractive options. Today we will focus on Kochi - the commercial capital of Kerala, called the Queen of the Arabian Sea.

Here are compelling reasons why you should invest in Kochi:

Economic Growth

Kochi has been experiencing upwards trends in economic growth for the past few years, and this is expected to continue for the near future. The presence of the Naval Base and numerous small and medium industries, and the growing IT industry, fuel this growth and provide countless employment opportunities. Any city experiencing growth has excellent prospects for real estate appreciation.

Infrastructure 

The rapid infrastructure development has now transformed Kochi into a tier 2 city. There are several IT parks, Special Economic Zones, and business parks to promote startups and small businesses who are provided top-notch facilities, resources, and funding. The port facilitates international trade and commerce. There are numerous high-quality residential projects by reputed builders like Varma Homes offering superior living spaces to families.

Smart City Initiative

Kochi is slated to become a smart city as a collaborative initiative between Dubai Holdings, an investment management company, and the State Government. This project aims at creating an integrated business hub with capabilities of catering to an international clientele, creating countless opportunities for entrepreneurs and jobseekers alike. Undoubtedly, this initiative presents future opportunities for development in Kochi, increasing its appeal as a real-estate investment option.

Connectivity

 Kochi has excellent highways, bridges, and rail and air connectivity. The international airport connects the city with the rest of the world. Domestic connectivity is ensured by the well-developed road network comprising major highways, minor roads, and arterial roads. The Kochi Metro connects the major residential areas of the city like Palarivattom, Edappally, Kadavanthra, Vyttila Tripunithura, etc., providing easy commute to the people.

Location

Located on the western coast, with a port and international airport, the city of Kochi provides a gateway to the rest of the world. It is almost in the middle of the state, making it easy for people from anywhere in Kerala to get there.

Tourism

Kochi is a popular tourist destination thanks to its eclectic blend of natural beauty, sparkling malls, museums showcasing culture and heritage, ancient temples, and opulent palaces. Tourism creates a host of employment and business opportunities, and contributes significantly to the economic growth of the city.

Medical Infrastructure

Kochi has a number of reputed hospitals equipped with world-class equipment, diagnostic facilities, exceptional treatment, and highly qualified doctors. They attract patients from not just all over the country but even from abroad. Medical tourism also fuels the economic growth of Kochi. Many services that patients coming from outside the city, have sprung up in the vicinity of major hospitals like hotels, homestays, restaurants, diagnostics labs, and more.

Quality of Life

Kochi offers an outstanding living experience to its residents, thanks to the availability of modern amenities like modernistic shopping malls and entertainment centres, top-notch apartment buildings, and world-class hospitals, that stand side-by-side with breathtaking natural beauty, and a rich heritage.

Conclusion

All the factors we’ve mentioned above, haven been creating lucrative job and business opportunities, attracting countless migrants of all economic backgrounds to the city. These people will all require housing, increasing the demand for properties, especially apartments. Which is why, purchasing flats is an essential component of  real estate investment strategies in Kochi. You can expect the demand to keep rising for the foreseeable future, which means you can expect a handsome return on your investment.

FAQs

Q1: Why is Kochi considered a promising city for real estate investment?

Kochi is experiencing significant economic growth, fueled by its IT industry, naval base, and various industries. Its status as a smart city, extensive infrastructure, and strategic location make it a lucrative option for real estate investment.

Q2: What makes Kochi a strategic location for real estate investment?

Kochi's central location in Kerala, its port, international airport, and status as a tourist hub make it a gateway for both national and international visitors, boosting its real estate market.

Q3:How does the quality of life in Kochi influence real estate investment?

Kochi offers a high quality of life with its modern amenities, natural beauty, and cultural heritage, attracting a growing population that requires housing, thus boosting the real estate market.