In 2017, India’s Prime Minister Narendra Modi inaugurated the Kochi Metro, the fast transportation system for people in Kerala. Since then, it has increased the brand value of Cochin and the prospects of major investments, particularly in the local real estate sector. It has made Cochin a more hospitable and habitable city. Over the past few years, the level of road traffic in Cochin has come down considerably thanks to the local metro rail service.
Thanks to the service, people in and around Cochin have long been investing in major real estate properties here. Major builders now advertise the nearness of their old and new apartments in Cochin to the Metro service as a selling point. This means there are benefits to putting money into a place of accommodation around a Kochi Metro station. Here, we will look at some of those potential advantages.
The presence of apartment towers around Kochi Metro service stations makes it a worthwhile option to invest in the advantages of urban living. It is an ideal opportunity to procure your savings and secure those for your future purposes. You can purchase one of the new flats in Kochi around a Metro station and rent it out to someone else. With Cochin real estate being in demand, it is quite easy to discover the right tenant who may find your location convenient for them.
Cochin’s IT industry is thriving alongside standard businesses in and around Kochi Metro service stations. Therefore, people are seeking places of accommodation near the metro stations, including apartments or flats.
Cochin is known for how it draws tourists from many different parts of the world. Cochin’s metro rail service makes it a convenient option for those people to get around the city. They view real estate properties like rental rooms, home-stays, and even apartments around Kochi Metro service stations as convenient locations. If you have an apartment in and around one of those stations, you could rent it to tourists who intend to stay in Cochin for a relatively long period for a secondary income.
The process of expanding the metro rail system to Kakkanad may play a part in future real estate investment decisions. The expansion required cutting down plenty of trees. However, the other side of the coin is that it would be a source of attraction for future real estate investments in and around Kakkanad.