Top Reasons to Invest in Kochi’s Real Estate Market

A real estate investor always evaluates the returns on investment before investing. Several factors impact the real estate returns. One of the most important factors is the location of the property. There is no doubt that Kochi is one of the leading destinations for real estate investments in India. Backed by factors like growing IT and allied industries, economic boom, increased urbanization, and infrastructure development. Ultimately, all these factors attract professionals to the city who in turn fuel the demand for housing. This in turn fuels the demand for the development of commercial real estate like retail and corporate premises.  It is safe to say that the Kochi’s real estate sector is poised to offer excellent returns in the short and long term.

Let us look at the top reasons to invest in Kochi real estate:

1. Kochi is an economic hub of Kerala, and its advantageous location makes it easily accessible to many cities of Kerala and neighboring states. The government’s initiatives to develop the infrastructure in the state have spurred economic activity improving employment opportunities. As a result, many people from surrounding locations migrate to Kochi in search of livelihood.
2. The growth of the IT sector is another reason that has boosted the growth of flats in Kochi. The major IT destinations like Bengaluru, Hyderabad, and Chennai are now saturated and cities like Kochi offer a respite to professionals who seek a better living environment.
3. The city is a hotbed for tourism and a destination for tourists who want to explore the state of The cultural and historical experiences offered by Kochi are second to none attracting thousands of tourists throughout the year. This has fuelled the demand for hospitality services boosting the development of commercial establishments like hotels, resorts, restaurants, and cafes.
4. RERA, streamlined property registration, and tax breaks for real estate have instilled confidence in investors from India and abroad. Investors can now be assured of their investments and earn lucrative returns.
5. Due to the demand for real estate, developers offer a range of apartments in Kochi that meet every budget segment. The development of public transport systems like the Kochi metro has led to the emergence of new localities for residential and commercial real estate. The investor can choose to invest in affordable, mid-segment, and luxury properties and be assured of rental returns as well as property value appreciation.

By choosing reputed builders in Kochi, conducting market research, and investing in the right locations in Kochi, investors can gain significant returns.