I am planning to buy a residential property in Kochi.

Q: Hello sir, I’m planning to buy a residential property in Kochi. Preferably an independent house in a budget of Rs. 20 -30 lakh. Is it possible? Please suggest me areas and properties I can buy?

Krishnan Nair, Kochi

27th June 2013

Buying property in Kochi

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Replies (3)

For residential plots, make sure your desired location is near some upcoming SEZ or commercial region to attract more resale value. In your budget I suggest taking a look at plots in Edapally , Kakkanad and Vyttila areas. For apartments you can consider Tripunithura and Kadavanthra regions with various projects from Pearls, DLF and Prestige group being offered.

Rajeev Narayanan, Kochi

27th June 2013

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Edapally is a very good area. I have been their once. Found many brand new homes. I think those who are planning to invest in Kochi, check out Edapally , as you can get of your budget.

Ayesha Bibi, Kochi

27th June 2013

Most people in Kochi are now moving from residential plots to high end luxury apartments. A large number of NRI populations have been investing in Kochi triggering the luxury apartment section. Constructing house at your own plot could be a hassle especially considering the prices of the land and the construction material.

Ayesha Bibi, Kochi

27th June 2013

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Yes, even i have seen, many NRI's buy lots of land , as it is good for investment. Kochi has become very advanced also

Ramakrishna, Hyderabad

27th June 2013

Do they get their value back? Is it worth investing in Kochi?

Neha Srivastava, Delhi-NCR

27th June 2013

Yes definately you will get as Kochi has become very advanced , with opening of Lulu mall, and metro work has started now. So the rate is going high.

Ayesha Bibi, Kochi

27th June 2013

The rapid urbanization and the booming hospitality sector have made Kochi a much sought out realty investment destination. The cost of the plots in the city ranges from 75,000 to 12 Lacs per square yard. North and West Kochi are comparatively cheaper while South Kochi costs roughly between 5 Lacs to 8 Lacs per sq. yard. In your budget you might be better off looking at some good apartments near Kakkanad, Aluva and even Tripunithura area. You can check out the deals with some of the big industry leaders including DLF, Puravankara builders and Prestige group. You can also consider plot in Fort Kochi area.

Rajeev Narayanan, Kochi

27th June 2013

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