Kochi, the commercial capital of Kerala, is one of the most important and the fastest developing cities in the western cost of India, and one of the hot real estate markets in the state, with dozens of property/ apartment/flat/villa projects coming-up day by day. The urbanized culture and the lesser availability of living space have also played their pivotal role in elevating the Real estate in Kochi to an entirely new level. Another positive element is the strategic location of the city on the transnational trade corridor.
The ongoing expansions of IT parks and the arrival of top IT companies like Wipro, Infosys, and many other multi-national companies have created a huge demand for affordable housing projects in the city. According to the top realtors, demand for affordable and top class apartments, flats and villas has increased like never before in the last two years. The continuous and steady flourishing of domestic companies has also helped in boosting the demand for top residential properties in the city as well as in some of the major suburban areas like Kakkanad. The demand for affordable housing is scaling to top due to the significant job related migrations in the city.
Another key factor is the constantly high demand from the NRIs who wish to settle down in Kerala in future. Although NRIs no more enjoy the monopoly in real estate in Kochi, a major share of investments in real estate in Kochi comes from NRI Keralites. The launch prestigious development projects like Smart City and Kochi Metro, and other progressiveness have also attracted a lot of stable investments in to Kochi real estate.