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Kochi, situated along the picturesque Malabar Coast of India, is a port city encompassing tradition and modernity. Formerly known as Cochin, it is a pivotal part of the Ernakulam district in Kerala. Within its 94.88 square km area, Kochi is earning a reputation as the state's financial, commercial, and industrial capital. With the highest GDP and GDP per capita in Kerala, Kochi stands as an economic powerhouse on the southwest coast.
Apartments or flats for sale in Kochi experience significant demand propelled by the city's industrial growth. The city's geographical division is noteworthy, with the eastern part known as Ernakulam and the western section beyond the Venduruthy Bridge referred to as Western Kochi. Renowned as the 'Queen of the Arabian Sea,' Kochi has a rich history as a hub for the Indian spice trade, drawing the attention of ancient civilizations such as the Greeks, Romans, Jews, Syrians, Arabs, and Chinese.
Kochi's charm extends beyond its economic prowess and historical significance, offering visitors a tapestry of attractions. Notable among them are the Hill Palace Museum, Mattancherry Palace, Santa Cruz Basilica, Paradesi Synagogue, Willingdon Island, and Vypeen Island.
Kochi offers a variety of affordable property choices that cater to different needs, addressing both connectivity and growth potential aspects. The prominence of National Highway 66, National Highway 544, National Highway 966A, and National Highway 966B has significantly improved Kochi's connectivity and stimulated growth in the real estate sector. Whether savouring a meal at Kochi Kitchen or enjoying the ambience at Lulu International Shopping Mall, Kochi's well-deserved reputation offers a mix of lifestyle experiences.
Kochi, a rapidly growing second-tier metro, has witnessed a significant boost in construction and real estate over the past decade, attributed to the establishment of various industrial parks.
These parks, equipped with cutting-edge facilities, cater to diverse industry verticals, including IT, tourism, engineering, garment production, food processing, and rubber production.
Notably, Kochi has earned recognition as the second most attractive city in India for IT-based services, particularly in the domains of IT and ITES. Key industrial players like BPCL-Kochi Refinery, Cochin Shipyard Limited, FACT, HOC, and Cominco Binani contribute significantly to Kochi's standing as the industrial capital of Kerala.
Several burgeoning regions of Kochi, including Tripunithura, Kakkanad, Edapally, Aluva, Marine Drive and Kaloor have caught the attention of homebuyers.
In highly active areas like Kakkanad, Angamally, Kalamassery, Panampally Nagar and Vytilla, the average property prices typically range from Rs. 4,300 to Rs. 7,650 per square foot. Some top-selling projects in Kochi include Sophia Melrose, National Kingdom, Varma Harmony, and Provident Winworth.
Moreover, Kochi presents appealing neighbourhoods for appreciating rental returns. Kakkanad, Edapally, Tripunithura, Kaloor, and Infopark are the most popular areas in Kochi to rent a home.
Here is the price list for some of the top areas in Kochi:
Neighbourhood | Price/Sqft. |
---|---|
Kakkanad | Rs. 4,513 |
Edapally | Rs. 5,139 |
Kadavanthra | Rs. 6,197 |
Marine Drive | Rs. 8,611 |
Vennala | Rs. 5,069 |
Vyttila | Rs. 5,880 |
Eroor | Rs. 6,619 |
Maradu | Rs. 5,717 |
Elamakkara | Rs. 5,281 |
Elamkulam | Rs. 6,298 |
Kalamassery | Rs. 4,965 |
Palarivattom | Rs. 6,095 |
Thevakkal | Rs. 9,000 |
Panampilly Nagar | Rs. 6,521 |
HMT Kalamassery | Rs. 5,419 |
Perumbavoor | Rs. 3,439 |
Thammanam | Rs. 4,567 |
Ayyappankavu | Rs. 9,381 |
Chilavannur | Rs. 5,589 |
Thevara | Rs. 5,927 |
Disclaimer: The mentioned prices are taken from different sources and do not reflect the actual price. The price depends on the offered location, developer, and amenities.
Particularly, Kaloor in Kochi stands out for its residential offerings, premium conveniences, and strategic proximity to key business centres, establishing itself as one of the most affluent areas in the city.
Also, Kochi features luxury projects such as Prestige Hillside Gateway, ABAD Reflection, National Kingdom, ABAD Inspirations, and Sobha Marine One, offering residents a high-end living experience with top-notch amenities and spacious accommodations. Renowned developers like Sobha, ABAD Builders, National Builders, and Prestige Group are operational in the region.
Across 20 locations in Kochi, property prices have surged 7.46% YoY (Year-over-Year). This price is expected to go up 11% in the upcoming years.
The average price of 1 BHK in Kochi is Rs. 20 Lakh to Rs. 42.1 Lakh.
The average size of 1 BHK in Kochi is 715 square feet.
The rent of a 1 BHK in Kochi is Rs. 7,000 to Rs. 10,000 per month.
The average price of 2 BHK in Kochi is Rs. 32 Lakh to Rs. 80 Lakh.
The average size of 2 BHK in Kochi is 1234 square feet.
The rent of a 2 BHK in Kochi is Rs. 15,000 to Rs. 20,000 per month.
The average price of 3 BHK in Kochi is Rs. 54 Lakh to 1.85 Crore.
The average size of 3 BHK in Kochi is 1650 square feet.
The rent of a 3 BHK in Kochi is Rs. 50, 000 to Rs. 65,000 per month.
The average price of 4 BHK in Kochi is Rs. 1.60 Crore to Rs. 3.69 Crore.
The average size of 4 BHK in Kochi is 2744 square feet.
The rent of a 4 BHK in Kochi is Rs. 80,000 per month and beyond.
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