Investment in Marine Drive or Edapally Bypass

Q: Which is a better place to invest Marine Drive or Edapally Bypass? Please suggest me some good projects to invest.

Rajeev Narayanan, Kochi

19th July 2013

Investment Advice in Marine Drive, Kochi

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As far as pricing is concerned, premium properties in Marine Drive region especially sea facing apartments are slightly higher priced than the average range which is between Rs. 5000 to Rs. 7000 per square feet. Marine Drive is also witnessing far more new projects as compared to Edapally Bypass which mostly has small projects owing to lack of adequate open spaces for bigger integrated townships.

Ayesha Bibi, Kochi

25th July 2013

Comment

Thank you all for the information.

Rajeev Narayanan, Kochi

25th July 2013

I think due to the stiff prices, there has been slight oversupply in Martine Drive region but it’s coming back to the core trend. Once the Kochi Metro gets operational in 2017 both the areas offer equally good returns on investments.

Ayesha Bibi, Kochi

25th July 2013

Comment

Both Marine Drive and Edapally Bypass are good areas but it all depends on your budget and preference. While Marine Drive is located in south west Kochi, Edapally Bypass is in the eastern part of the city. There is not much of a comparison between the two regions as Marine Drive compromises of Central Business District (CBD) and has some of the better residential accommodations while Edapally Bypass is more closely located to the commercial city center.

David Oomen Mathews, Kochi

25th July 2013

What about the price range ?

Rajeev Narayanan, Kochi

25th July 2013

Both Marine Drive and Edapally Bypass have their own positive and negative points. There is not much of a difference in terms of expected returns for say a three to five year period in both the regions in my opinion.

Krishnan Nair, Kochi

25th July 2013

Comment

Please tell me the average price range.

Rajeev Narayanan, Kochi

25th July 2013

The average price for a residential apartment in Marine Drive ranges between Rs. 5000 to Rs. 7000 per square feet which are a tad higher than Edapally ByPass. The prices in Edapally ByPass range between Rs. 3000 to Rs. 3500 per square feet depending on the size and location of the apartment.

Krishnan Nair, Kochi

25th July 2013