Importance of Location in Real Estate Investment in Kochi

Kochi or Ernakulam is one of the fastest-growing cities in India. It is ranked 5th among 20 chosen smart cities that will receive funding for infrastructure development. The fast-paced economic development is attracting many professionals from all over the country to make the most of the opportunities Ernakulam presents. Hence, the demand for residential real estate is increasing year on year. Builders in Ernakulam and those from all over the state including builders from Trivandrum, are coming up with many new projects to meet this demand. Buyers are seeking apartments, flats, villas, and independent houses for residential and investment purposes.

Several areas of Ernakulam offer good options to buy residential properties in Kochi. These areas are known for the social infrastructure and comfortable lifestyle that a buyer seeks while buying a home.

Some important factors to consider while buying property are:

1. Locality

The locality is the most important factor that influences the decision to buy a home as the price of the property is determined by the location. Premium locations like Marine Drive and M.G. Road charge a premium for the backwater views and well-developed infrastructure. Kakkanad and Vytilla are localities where builders of Ernakulam offer budget apartments and villas.

2. Connectivity

The location of the property plays a vital role in assessing its value. If located in the city’s center with good connectivity, the value will be higher than that of a property located in the outskirts.

3. Schools and Colleges

Several options for schools and colleges to choose from gives parents one less thing to worry about for their ward’s future. Ernakulam is known to be an education hub with good educational institutes offering professional courses.

4. Healthcare

Hospitals, healthcare professionals, and dispensaries are as essential as any other amenity for a healthy and fulfilling life. Be it uptown localities like Thevara and Ravipuram or budget localities like Kakkanad and Edapally, Ernakulam offers good healthcare options. All these locations offer residential apartments and villas for sale in Ernakulam.

5. Recreation

A good social life is what everyone looks forward to during weekends. There is no dearth of shopping malls, cafes, parks, museums, and places to visit within the city. Ernakulam is also close to many tourist spots of Kerala which can be visited over weekends.

These are some of the most common factors to consider when anyone wants to buy flats in Kochi. However, one must also set priorities and choose a property that ticks most if not all the boxes on their list.

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