Q: I am planning to buy 2-3 BHK Villa (preferable) or Flat in Kochi for renting and as an investment. Please advise the locations and suggest me some projects nearing or ready for possession from where I can get a monthly rental income of Rs 15000-20000 per month.
I will suggest you to buy Marina One is a new launch Luxury waterfront apartment located at Marine Drive, Kochi. As per the location you will easily can get monthly rental income of Rs 15000-20000 per month because of prime location.
Edapally is one of the good choice for earning rental capital. It is one of the quickest growing areas in Kochi, and the rental rates are only going to keep increasing. Typically, for a 3 BHK you would have to shell out around fifteen to twenty thousand a month, depending on how big the apartment is.
Hello, I recently shifted to Edapally in a 3BHK rented house, with an area of 1550 sq. ft., and I am currently paying 17,500 rupees per month, so I could say that anyone looking for rental appreciation , invest in this area..
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.
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.
Kochi is proposed as a smart city with several emerging software hubs and manufacturing industries. The influence of the Non-Resident Keralites has also kept the demand in this city.Kochi has seen the highest absorption in new launches which is a critical indicator of healthy demand in any real estate market.