We see a trend of modern age luxury homes in India. The IT boom has brought with it many new age developments – large, multi-storied, elite complexes being one of them. Here’s a look at some of Cochin’s best.
The city of Cochin is not far behind the Indian metros such as Delhi and Mumbai when it comes to the real estate boom. In fact, the Cochin Export Processing Zone and projects like ’Smart City’ have fueled the real estate boom in Cochin and its suburbs. Matching other Indian cities, the land and housing prices in Cochin have more than doubled in a short span of time.
If you’re looking for a home in Cochin (Kochi), make sure you consider these options:
Marine drive - An up-market part of Cochin. Investments by NRIs and residents have added to the demand of residential schemes in this part of Cochin. Several multi-crore projects have been launched in this vicinity. Homes in the Prestige Neptune courtyard were priced in the range of Rs. 1-7 crore. The sea-facing locations of Marine drive add to its luxury!
Thevera - Another locality that boasts of elite residential complexes. Thevera offers opulent accommodation for its residents.
Panampilly Nagar - An aristocrat residential and commercial area in Cochin. It hosts chic housing complexes and several corporate offices. One cannot miss the glamour and glitz of this part of Cochin.
Kakkanad suburb - This suburb of Kochi has grown at a tremendous pace due to the smart city project and IT boom. SRK group has launched a Rs. 200 crore project called ‘Skywings’ at Kakkanad. Its residents can enjoy amenities like clubhouse, health club, supermarket, professional service management, and most importantly, excellent security facilities. The apartments are pegged at as high as Rs. 3 crore.
Edappally - This location has seen a dramatic change in recent times. Good education opportunities and accessibility to the highway have made residences in this area much sought after. If you are looking for a high value investment, this could be the place for you.
The suburbs of Ernakulum, Kadavanthra, and Cheranelloor have also greatly appreciated in value in a short period.
Property developers like Skyline, Meridien Homes, Puravankara, and SRK group have investments in swish projects in Kochi. Planned development and good infrastructure have added to the magnetism of Kochi.
Are you planning to buy a house in Kochi? If so, where would you like to stay and why? Do you think of Kerala as a good location for your first home or is it better for a second home or holiday home?
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