The Best Real Estate and Commercial Destinations in Cochin

12 Feb 2019 03:18 PM

Cochin is expected to position the state of Kerala as an international IT center soon. The low manpower cost, robust infrastructure, and steady political environment are three key reasons why many are starting out their careers in Kochi. If you are moving to the city to start a venture, or are in search of jobs, or after a transfer, then you will certainly want to know the best neighborhoods to settle down or invest a property in. In fact, investors get an array of gated community options here, ranging from state of the art villas to cozy apartments in Cochin city limits.

Below are the best real estate and commercial destinations in Cochin. Choose the appropriate area of your new house as per your preferences and budget.

Marine Drive

The backwaters side walkway was constructed back in the 1980’s. It was also expanded a few years go. Now, there are more walkways along this docks area. However, living adjacent to it does cost you a lot. As per realtors, the land’s market value ranged up to about 85 lakh INR per cent not so long ago. Besides, with just about all plots adjacent to the walkways occupied by some of the best builders in Cochin, and with new land in rather short supply, flats in the area used to cost around 10,000 INR per square foot.

These apartments are housed in residential towers that dot the vicinity. It is the combination of the nightlife and the area facing the Kochi backwaters, which make Marine Drive one of Kerala’s best destinations for residents and tourist alike.

MG Road

One of Cochin’s busiest hubs, MG Road is home to showrooms of well-known brands in jewelry, accessories, textiles, and more. It has some of the priciest commercial spaces in Cochin City. Prices here used to range between 55 to 60 lakh rupees per cent on an approximate.

Besides, you can find many ready to move in apartments in and around the area. Near MG Road is the Trinity Citadel tower, housing some of the more affordable ready to occupy flats at Cochin. The 2 and 3 bedroom apartment project of Trinity Builders and Developers has state of the art facilities. Add to that all the location facilities, and MG Road appears as a great place to invest your hard-earned money.

Panampilly Nagar

Panampilly Nagar is one of Kochi’s best commercial and residential neighborhoods, of course. It is perhaps the greenest, most beautiful area in the Ernakulam area. It has become a fashion hub of late, owing to the number of spas and boutiques sprouted up here. Although it is in the midst of the metropolitan area, Panampilly Nagar has the distinction of being a tranquil and quiet one, and is developing into one of the high-profile residential zones in Cochin, with plots going for about Rs 40 lakh a cent. That investment stock will be bolstered by a high number of apartment seekers.

Kaloor

With the lone private bus stand in addition to the Vytilla hub, this Cochin area offers the best connectivity to the city and its neighboring districts. Proximate to the North Railway station, the Kaloor junction is one of its oldest existing centers. The main draw is the Jawaharlal Nehru Stadium nearby, where ISL football matches are held these days. Commercial plots in Kaloor range about Rs 30 lakh a cent, whereas residential properties here go for 17 to 20 lakh a cent.

Edappally to Vytilla Bypass

Some of the costliest road front properties reside along the Edappally-Vytilla bypass road. NH 66, of which it forms an important section, is the one that travelers chose to go from the north of Kerala to the south. Besides, with its several luxury restaurants, hotels, and shopping malls, this bypass is the stretch for stopovers. With simple connectivity to the main centers of the city, it is as much a preferred residential zone as it is commercial. There are many apartment projects lining the area.

Palarivattom

Palarivattom is also home to many hospitals, shopping centers, restaurants, banks, and other main areas of interest. This is where the Trinity – New Castle tower resides. The latest residential project from Trinity Builders that offers 4 bedroom flats in addition to 2 and 3 BHK options. Choosing one of these apartments as your new house will mean that you get to live in one that provides easy access to all the main areas. It is this unparalleled connectivity and convenience, which make most of the ready to occupy flats at Cochin highly desirable to invest in.

Cochin’s Outskirts

The Kochi areas have just about fully turned commercial. For residential purposes, its outskirts are becoming more and more popular nowadays, since almost all of them offer a calm atmosphere with waterfronts. Take for instance the Trinity Builders apartment towers at the backyard of the Periyar River. Rightly named Trinity Periyar Sands and Periyar Winds, they offer panoramic vistas from each housing unit. Besides, with Aluva being the starting point of the Kochi Metro line and the Nedumbassery Airport nearby, you will have a lot transportation and traveling options here.