Rent trend in Marine Drive

Q: What’s the rent trend in the city? I’m planning to buy a second property in Marine Drive and rent it out. What do you think guys, good idea? Suggestions are welcome.

Aadesh Chacko, Kochi

1st September 2014

Rentals in Marine Drive, Kochi

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If you let out a regular 2bhk apartment near Kochi infopark, then you can charge upto Rs 16,000 if it is semi-furnished. If its fully furnished then you can charge up to Rs 20,000. If the apartment complex has amenities like gym, swimming pool, etc, you can even charge an additional Rs 2000 per month. Flats are generating more rent than houses, so I’d advise you to invest in flats only.

Rajneesh Nambeesan, Kochi

2nd September 2014

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I agree with these guys actually. residential buildings. A 3bhk apartment, which brought in revenue of Rs 25,000 last year, would In the last year only the rent prices in this city saw a 20-30% increase. If you want to consider other options for investment, you might also want to check out the localities of Kakkanad, MG Road, and Panampilly Nagar.

Sathish Menon, Kochi

2nd September 2014

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Yeah they have failed to live up to the expectation of creating over 60000 jobs in the city. But despite that there is a definite increase in the city’s rent prices, and I think you have made a good decision.

Allen George, Kochi

2nd September 2014

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Yeah, its definitely weird. There has been no major employment generating project launched in Kochi in the last few years. I know the Kochi Smartcity project was supposed to generate a lot of high revenue, but that didn’t work out so well.

Rajagopal Menon, Kochi

1st September 2014

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Its definitely weird, but good to be cashed in on. Now you can charge up to Rs 12,500 a month for a regular 2bhk, which would have brought you just Rs 8500 a year back.

Sreekutty Nair, Kochi

1st September 2014

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That’s a good decision, my friend. Kochi is a good city to buy a second home and rent it out as a source of second income. See the thing is, even though kochi has not been doing that well developmentally, but still we are seeing a rent hike in the city.

Deepak Shetty, Kochi

1st September 2014

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