Ernakulam is the commercial
capital of the state Kerala and is the most urbanized city of Kochi. This
financial and commercial hub of Kerala is a rapidly developing city that
witnesses growth not just in economy but also in the real estate space. Though
the real estate market in Kochi and Ernakulam is in a slower pace when compared
to other cities of the country, it remains much active within the state of
Kerala. The real estate market in Ernakulam is greatly influenced by the
economic growth of the city. Its infrastructural developments, increasing job
opportunities, and various government initiatives contribute to the development
of real estate in Ernakulam. Having said about its economic development,
Ernakulam is recently witnessing many new residential project launches to
compensate the huge demand form home buyers.
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Tis most happening location of
Kochi is evolving into a cosmopolitan city with tremendous growth in all
aspects. The infrastructural developments, many reputed educational
institutions, health centres, entertainments areas have made it the most
sought-after location in Kochi to buy new apartment. The Kochi metro rail
project in happening in full pace which when completed will surely increase the
demand for houses for sale in Ernakulam. As the various developments in
Ernakulam is increasing day by day, it lures many potential home buyers from
various parts of Kochi.
Kerala also enjoy good
connectivity to various parts of the city and is connected to the North-South
Corridor National Highway System through the four-lane National Highway 47.
This highway passes through the entire part of the city making easy
accessibility to various areas within and outside the city such as Thrissur,
Palakkad and Coimbatore. The National Highway NH 47 provides two main exit
points at Edapally and Vytilla to the Ernakulam city. With easy connectivity
and accessibility to nearly cities, the launch of new residential projects here
is increasing to a greater extent. Not just road connectivity, but Ernakulam
also enjoys rail connectivity through the Ernakulam Junction Railway Station.
The Cochin International Airport is also located just 27 kilometres from
Ernakulam.
As the importance of city is
increasing day by day, the prices of properties in Ernakulam is reaching new
heights. So people are now moving towards buying properties in the suburban
areas of Ernakulam such as Kadavanthra, Thevara and Edapally. Apart from these
suburbs, there are also certain satellite towns developing in areas around
Ernakulam such as Aluva, Mattanchery and Tripunithura.
The main driving factors for Kochi
real estate is the metro rail project and the smart city project, which helps
investors lure many home buyers towards Ernakulam. People are also showing high
interest in buying house for sale in Ernakulam. As the demand for housing
increases the launch of new residential projects also increases day by day.
Also he large land availability in the suburban areas of Ernakulam also helps
investors to buy large parcels of land and start new residential projects.
Experts feel that this is the right time to invest on properties in Ernakulam
to get high return of interest in near future.