Kalamassery is a strategic location for residential development

Q: Kalamassery has significant potential for real estate development with a larger potential for residential development. Kindly discuss on this news.

Rajeev Narayanan, Kochi

30th January 2014

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Replies (3)

Mainly the location is in the early stages of real estate growth. I think it is right time for investments, if you are planning to buy.

Santosh TR,

30th January 2014

Comment

Can you tell me why Kalamassery presents a good real estate investment option ??

Gurmeet,

30th January 2014

Comment

It enjoys a strategic location in the northern suburb and with excellent connectivity and social infrastructure.

The location is close to the international airport and upcoming urban infrastructure initiatives by the government.

Comparatively lower capital values and steady growth.

Veena K,

30th January 2014

Hey Rajeev, heard that the proposed metro rail connectivity and cyber city project, Kalamassery is likely to witness significant changes in its characteristics in terms of real estate development over three to five years.

Veena K,

30th January 2014

Comment

Can you tell me what is the capital values for residential apartments ? How much would be the rental values ?

Gurmeet,

30th January 2014

@Gurmeet: Capital values for residential apartment are Rs 3,200-3,500 per sq ft of saleable area. This micro-market has witnessed a capital value growth of seven-eight per cent per annum over three years. A 2-BHK apartment unit of size 1,000-1,200 sq ft typically commands a rent of Rs 8,000-10,000 a month.

Veena K,

30th January 2014