Kochi Property Market, Price Trends, Circle Rates & Tax !
Kochi, located in the Ernakulam district of Kerala, is an amazing little city that offers a plethora of tourism and education facilities. Sitting on the backwaters and flanked with palm trees, it is nothing less than a natural paradise for those who love to witness a blend of pristine waters and lush greenery. The initiative to turn Kochi into a smart city will make this city all the more appealing.
Infrastructure & Connectivity
Kochi has had a great connectivity with other cities and states since the late 14th century when spice trading was one of the chief trades of this city. With the government setting aside a whopping sum of money (more than 500 crores) for the development of this city’s infrastructure, Kochi is sure to become one of the best Indian cities in terms of infrastructure. The government has also funded the proposed Metro project that is under construction. There would be 22 stations in total that would make inter-city commutation easy for all the inhabitants. Other than that the city has always been seamlessly connected to different parts of Kerala and other states through National Highways.
Demography
The population of the city was estimated to be at 601,574 in the year 2011. Contrary to the high upsurge in population in other cities of India, the population of Kochi did not raise much and was noted at 655,697 in the year 2016. The annual population growth of this city was calculated to be 3%. The literacy rate of the city is quite impressive as it stands strong at 97.5%. Coming to the sex ratio, Kochi has 1028 females for every 1000 males.
Life Style
Kochi has inhabited a number of people over the year due to the impressive education facilities. It houses a number of top-notch schools and universities that attract thousands of students over the year. To suit the lifestyle of all these people, Kochi has developed itself in terms of infrastructure and entertainment facility. You can find many auditoriums and Kathakali centers that would keep you grounded to the traditional Kerala roots. Apart from that, there are a number of cinema halls and art galleries as well.
Key localities in Kochi
Everyone wants to find the best locality while searching for a decent house. If you are looking forward to investing your hard earned money in Kochi real estate then you should definitely have a look at these best localities that have been listed below. These areas are best in terms of connectivity, society and educational facility as well : Aluva, Edapally, Kadavanthra, Kakkanad, Marine Drive, Elamkulam, Kaloor, Warriyam Road, etc.
Real Estate Market
Builders of any place hold an important place in making a city more developed in each and every aspect. There are a number of builders in Kochi that can always be seen with billboards like “Property for Sale in Kochi”. You can fetch great deals from these builders as they are always open with amazing and price worthy housing facilities. Here is a list of the top builders in Kochi who have been instrumental in changing the face of this city: Puravankara, Prestige, Desai Homes, DLF, Confident, Shwas Homes, Kent Constructions, ABAD, Oxoniya Builders and others.
Projects in Kochi
There are a number of projects that keep opening up in Kochi to provide luxurious yet affordable housing to all the people. You can all types of projects in Kochi, from the budget-friendly apartments to posh villas, from 2-3BHK flats to duplexes; everything is available in Kochi properties.
Govt Projects in Kochi
With the aim to convert Kochi into a smart city, the government of Kerala has offered a large sum of money to complete this dream in the next three years. By the end of the year 2020, around 55.5 lakhs square feet of land would be converted into buildings to offer more residential and commercial space. These projects have improved the face of real estate in Kochi.
