How Is Metro Escalating The Growth Of Real Estate In Kochi
Inaugurated by the Prime Minister of India in 2017, the metro in Kochi was built in a record time of just 4 years, making it one of the fastest completed metro project in the country. The Kochi metro project is the first metro in India which connects rail, road and water transport facilities. The incorporation of the metro into the transport system of Kochi has escalated the growth of this city tremendously. The development of the metro along with the growing IT industries has put the city on the list of top 20 cities in the country. Placed on the number 5 position, Kochi is expected to receive a lot of support from the governance for its growth and expansion, making it an ideal spot for investment for real estate enthusiasts.
The Cabinet’s approval for the Infopark stretch of the Kochi metro has received wide acclaim from all sections of society. This will not only help the employees of the IT park to commute more easily, but will also boost the real estate around. Kakkanad is expected to see intensive growth in the next couple of years, making it a hotspot for both builders and investors. According to studies conducted, the proposed Kakkanad extension of the Kochi Metro would be one of the busiest routes and is likely to attract about 1.04 lakh passengers by 2023. Kochi-Mattancherry-Central city, which is targeted for development is envisioned to undergo rapid development in the near future. Numerous developers are trying to acquire land for real estate development in and around this area. Apart from this, the ‘Smart City’ tag is expected to bring appreciation in property values exponentially.
Confident Group, with its vision and far sightedness, has a lot of projects in this region. They have a vast portfolio of homes at different scales and in different budget ranges ensuring that there is a home for every aspiring home owner who wishes to enjoy the growth that the Kochi Metro brings with it. The region in the vicinity of the Metro will undergo a lot of changes making it more of a wholesome urban conglomeration. There will be a boom in the facilities, appreciation in the land value and the ease of access will be an added benefit. All these factors will make homes in this area desirable as more and more people will want to stay close to the many facilities that the Metro will bring with it.
One can enjoy fast and convenient transportation without the hassle of spending too much, worrying about their safety or having to waste a lot of time on the road. Apart from this, it reduces the travel time between different parts of Kochi, making commute by Metro one of the most convenient modes of transportation. The Kochi Metro running on both the existing and the proposed route has changed the course of development of Kochi making it one of the most viable spots to invest in real estate in the country.
Areas like Companypady, Ambattukavu, Kalamassery, Edappally, Palarivatom, Ernakulam South, Elamkulam, Vytilla, Panampilly Nagar and Kadavanthara will be the main beneficiaries and some of them have already started to witness increased development. This is not only beneficial for those who wish to enjoy the perks of living in an urban area, but it is also ideal for those who seek to secure their savings. One does not necessarily have to live in the home they buy, but can also rent it out and the demand for rented homes will be on the rise too. With more and more people entering into Kochi and its thriving IT sector, one can be assured that a home around the Kochi Metro will be extremely desirable. The newer residents residing in Kochi will want homes for rent around the Kochi Metro as it is the most reliable means of transport, thus making homes along this passage a good investment.
Apart from this, Kerala is known to draw tourists from around the world. The Metro is sure to be a hit amongst visitors too. Many an often, tourists prefer to stay for a longer duration of time, and seek proper homes against hotels for their extended stay. One can let out their homes to tourists who wish to stay close to the Metro making this yet another added benefit of owning a home in the vicinity of the Kochi Metro.
If you have always aspired to live amidst a sea of amenities and convenience, buying a home around the Kochi Metro could be the best option for you. You can be assured that it is a safe and secure mode of investment that will enhance your investment exponentially. The Metro has brought with it a promise in the growth in the real estate scenario in the city. What’s more? The best builder in Kerala has an array of projects around the Kochi Metro making the process of buying your dream home safe, secure and extremely reliable.