Kochi is enjoying the twin role of tourist and IT sector in the city. Many new IT/ITES are making their point Kochi as there next IT centres after Bangalore and Hyderabad. Real estate of city is booming with the increased demand of IT/ITES sector.
The coming Metro project which is another factor which has become the catchy for big developers and IT companies to invest here. It will cover Kalamassery, Edappilly and Palarivattom to Kaloor and from MG Road via Madhavapharmacy Junction, Kadavanthra and Pettah to Trippunithura.
Since Kochi is in the developing phase has popped up number of buildings and so as the builders to set up here. It won't be wrong to say that Real Estate in Kochi is going full places and is attracting people from around the world. Many new commercial and residential properties are developing to full fill the needs of end users. Panmpilly Nagar and Kakkanad are residential localities which have come up during the past few decades. Palarivattom, Kaloor,and Edapally, are the older residential areas. Kakkanad is fast becoming one of the most favored spots for villas and flats. All residential projects are coming in these areas.
DLF is planning to set up township project in Vyttila and Kakkanad. Manjooran Housing development co. Ltd is also coming up with residential projects in Aluva, Palarinatom, Kakkanad. Sahara Grace is also coming up with apartments near Seaport, Airport Road. The property prices in Kochi these localities are between Rs 2300 per sq ft to Rs 3200 per sq ft. On the other hand Kakkaand, Edapally and upcoming Smart city are the new and most required commercial localities of Kochi. The capital value of office space is around Rs 10,000 per sq ft to Rs 12,000 per sq ft.
Kochi is famous for its tourism and reasonable property prices. Now all Bangalore and Hyderabad IT companies are making Kochi as their next destination.
Real Estate Agents in Kochi
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