What is the normal cost of 2 BHK flats in Kerala, especially in Kochi?

21 SEP 2022

Kerala, a state on India’s Malabar Coast, is renowned for its glistening backwaters and lush vegetation thanks to its location in the heart of Arabia’s natural beauty. The city’s history can be traced back to the medieval Chera Dynasty, and it played a pivotal role in the spice trade in pre-independence India. Because of the Gulf boom of the 1970s and 1980s, the state now has one of the most prosperous economies in the country. Expatriate Malayalis send a significant portion of their income back to the state. The state’s agriculture and fishing contribute to the country’s GDP, and its coconut-lined beaches and hill stations make it a popular vacation spot. 

Recently the Tech-Boom in the state has helped create several jobs and transformed the economy of the state. The establishment of Smart City and Info park in Kochi along with the advent of Technopark in Trivandrum, Cyberpark in Kozhikode, and Thrissur Info-Park have fuelled the IT Sector in the state. These government-backed establishments together house more than 800+ companies that employ close to 5 lakh employees. This ensures high chances for employment, growth, and career development for techies and employees of other allied services thereby causing the influx of millennials and Gen-Z from all parts of the country to the state.

The influx of the population has caused a rise in demand for housing in the state, with all prominent builders of the Country such as Confident Group, Abad Builders, Prestige Group, DLF, and Puravankara among others coming in to cater to the demand leading to massive development in the real estate market. The builders offer a wide range of options from studio flats and budget 2-bhk and 3-bhk apartments to luxury penthouses, sprawling villas, and Condominiums. The best builders are those who use high-quality materials combined with world-class building techniques and also provide hassle-free customer service and maintenance. 

Price is another important aspect when deciding on purchasing a house in the state. By understanding the needs of the customers, the builders have found a price point where they can find a balance between the budgetary constraints of the customer while not compromising on the quality of construction or the availability of amenities. It’s also been determined that, due to their affordability and practicality, 2-bedroom flats are in highest demand. Kochi is one of the fastest-growing cities in the state and has several builders who offer 2bhk at an average price range of 40-60 Lakhs, with an average price per sqft being Rs.314 – Rs. 11,250.

One of the largest real estate conglomerates in the state, Confident Group has projects in Kerala, Bangalore, and Dubai and operates under the guiding principle of being the most trusted builder in the state. With over 16 years of experience and 160+ projects completed and delivered globally, including several CRISIL 7-star rated projects. Customers have faith in the brand long after the initial purchase has been made because of the breadth of the builder’s services, which may include interior design, rental, etc. Lifestyle Plus Homes (Rs. 1 Cr and above), ConfiLuxe Homes (50 Lakhs to 90 Lakhs), and Smile Homes (Below 45 Lakhs) are their three distinct verticals, and their 2 bhk flats in Kochi (Whitehouse, Pinewood, Pinnacle, and others) span a price range of 30 Lakhs to 90 Lakhs, so they can accommodate a wide variety of people from different socioeconomic backgrounds.

In conclusion, the ideal place to live provides a peaceful and convenient setting in addition to high-quality construction, maintenance, and service. Commercialization and rapid IT development have made Kerala, and Kochi in particular, one of the fastest growing places in the country. The right builder can create a home that is both luxurious and functional, making it a sound financial investment because it will increase in value regardless of inflation. When looking for apartments for sale in Kochi, one of the most crucial factors to consider is the asking price. People from all walks of life are now able to realize their dream of owning a home in “God’s Own Country” because of the proliferation of developers and the rapid expansion of the real estate sector.

Author - Confident Group

As the most trusted real estate brand in the nation, we at Confident Group strive to create a positive, smooth and transparent medium for potential home buyers with anything and everything related to home purchase. We provide informative and engaging articles which cover useful details across many verticals from the real estate sector. Our 2-decade long expertise in building infrastructure projects across Kerala and abroad backed by the trust of over 10,000 customers earned us the reputation of being the best as a real estate brand in Asia. We hope that our blogs will help in translating our experience for the prospective buyers who are looking for their dream home.

Comments

POST YOUR COMMENT

Related Articles
Confident Oakwood

Why Confident Oakwood is the most budget friendly flat in Calicut?

Calicut, a city vividly described in the writings of Ibn Batuta and De Gama as a thriving port city teeming with the wealth and riches of the Zamorin kingdom and the capital of art & cul...

investing in a Flat in Trivandrum

What are the prospects of investing in a Flat in Trivandrum

Known as the land of ivory thrones, the capital of Trivandrum is a city steeped in its cultural, political, and historical importance dating back centuries. The bustling port city of the Med...