When it comes to choosing a premier location that is perfect for individuals, small families, and families with kids, Kochi is one amazing choice in Kerala. The place has a strategic location, stunning destinations at a stone’s throw away, many governments and private projects offering many employment opportunities, and the availability of a large number of budget residential properties. These and many other reasons make Kochi immensely popular in the real estate sector.
While there are many flats for sale in Kochi that develop by reputed builders and are available in the affordable range, there are many other perks. One of them is that you find people from multicultural backgrounds. Kochi has citizens hailing from various states and countries, which allows for the development of a culturally rich experience.
Furthermore, people can find better job and education opportunities here. All these features make the place one of the best options for people looking for buying residential properties for a living.
If you are also looking to move to Kochi, or you are looking for options to buy a home in Kerala, then congrats! Here, we are sharing some of the most important reasons to invest in real estate in Kochi. Read them carefully and make a smart decision.
Reasons to invest in Kochi Real Estate:
1. Location Benefits:
Kochi locates strategically in Kerala, near many amazing places to visit and explore with family and friends. It is well-connected with major city roads, and the residents can easily find many means of transport for local commute. Many places offer fantastic opportunities to relax and unwind with the family, such as Cherai Beach, Kakkanad, Fort Kochi, Edapally, and Tripunithura, etc.
It is often touted as the best city in Kerala that is safe for women as well, and you can find many women traveling to and from work during late-night shifts as well. The crime rate is low and you can enjoy a peaceful life here.
2. Basic Amenities and Public Infrastructure:
Kochi is home to some of the most reputed schools in India, and there are many international schools and educational institutions that provide top-quality education. With Info Park and Smart City, Kochi has turned into a futuristic IT hub and offers several job opportunities as well.
When it comes to the public infrastructure, such as hospitals, Uber services, supermarkets, etc., Kochi offers many options to choose from. The city is well-connected via the city-wide Metro network, and there are many modern places to shop as well, such as Lulu Mall.
3. Builder Projects:
The recent wave of real estate development in Kochi is making the city all the more suitable and perfect for people looking for residential properties. There are many reputed builders in Kerala that are offering a large number of properties to choose from. You can also find read-to-move-in flats, apartments, independent villas, and villas in gated communities as per your budget and personal preferences.
With a large number of reputed builders offering many residential properties in different parts of Kochi, many people are also considering it a perfect place to retire and settle. Kochi is also one of the most popular tourist places in Kerala that tourists visit every year. So, you can also buy flats in Kochi for under 50 lakhs, and use them as shared accommodation for travelers or couch hopping, etc.
4. Reselling and Maintenance is Easy:
While a spacious mansion or big house sprawling over acres with attached assets, might be just a dream come true for you, they prove to be a drain on your finances in the long run. They need hefty maintenance and are hard to resell if you wish to move or sell them.
Budget apartments are easy to sell and easy to maintain even if you are no longer living in them. Hence, investing in a budget apartment is a better decision as compared to a big house.
5. Budget apartment costs are easy to bear and EMIs don’t hurt:
When you invest in a big house, you have to take a big amount of loan, which means you have to pay a large sum towards monthly EMI and that the loan tenure will belong as well. A budget apartment is more affordable and is easily available between INR 30 lakhs to INR 40 lakhs. Hence, the loan EMI is considerably smaller and loan tenure is also shorter.
6. Budget apartment is a better investment decision:
As compared to gold, stocks, and other investment decisions, a budget apartment is way better, as it is safe, secure, and is less vulnerable to market risks. While the other residential properties are less steady and vary as per the market changes, budget apartments stay more or less at the same prices generally.
Now that we have gone through the various reasons for investing in budget accommodation, let us move on to take a quick look at the various things you must consider while buying a budget apartment.
Things to consider while buying a budget apartment:
- Location of the apartment
- Neighborhood and availability of local transport
- Price of the property
- Maintenance charges
- Amenities available
- Size of the property and size of the family
- Registration of property
- We recommend investing in a property that is built by reputed builders.
This has various advantages, such as:
1. No issues of land disputes
2. No frauds
3. No issues of disputed properties
Quality construction and proper amenities available in and around the property
A large number of options to choose from
Modern and utility-oriented floor plans
We hope that this write-up proves helpful for all our readers and they actually realize that buying a budget apartment is a smart and intelligent investment decision.