Kochi’s Metro Connectivity Influencing Real Estate
Kochi has, since ancient days been one of the most happening cities in Kerala. If it was one of the busiest port cities in the ancient times, it now has to its credit a metro rail, a smart city tag and an international airport that connects the city to the rest of the world. It is also a tourism and hospitality hub, in addition to becoming one of the most quickly developing real estate investment destination.
Real Estate Hotspots in Kochi Connected by Kochi Metro
Ever since the Marine Drive walkway was built in the 1980s, it has been one of the most happening places for real estate development. However, this prime property does not come easy on the purse, and that was when the areas around M G Road, Edapally -Vytilla bypass and Panampilly Nagar joined the race.
The Kochi Metro rail now runs from Aluva to Palarivattom. Once all the three phases are functional, the metro rail will connect the International Airport to residential locations such as Thrippunithura. This will ensure better connectivity within the city. The extensions to Infopark (a leading Information Technology park in the city) will also make it easier for the people working in those areas to get to other parts of the city easier.
This will also make Kochi and its suburbs one of the most preferred real estate destinations.
Why Invest in Kochi?
The Ministry of Urban Development has ranked Kochi as the 5th among the top 20 candidates earmarked for Smart City mission initiative. Kochi is also the first Tier II city to have a metro rail. And that is not all. It is one of the main venues for the submarine cable landings after Mumbai. Kochi also has to its credit the country’s largest and first global hub terminal at Vallarpadom making it one of the fastest developing cities in South India. All these changes have had Kochi leapfrogging into one of the most preferred destinations for real estate investments.
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