Cochin is often called the "Queen of Arabian
sea". The reason why it is in news is because of the fact that it is the
new destination for IT companies in India after Bangalore, New Delhi and
Hyderabad for IT, ITES/BPO companies. The proposed ‘Smart City’ in a joint
venture with Dubai based TECOM and Government of Kerala is all set to change
the face of Cochin.
Besides the smart city, the upcoming Shobha HiTec city, InfoPark are also
catalystic to this development. Non IT projects like Vallarpadom Container
Terminal Project (VTCP) also promise to bring in large infrastructure
investments in the city.
Real estate investment in Cochin is an attractive investment option
considering the fact that the last 3-4 years have given a 15-20 % appreciation
annually on property prices and this trend is expected to continue in the
coming few years. The expected number of new apartments units required in the
next couple of years is estimated to be around 100,000 while the total number
of construction possible by all the builders in Cochin is only around 20,000
units. This had prompted many real estate developers in India to announce
their projects in Cochin.
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India is one of the best places to invest at the moment considering an appreciating Rupee and a GDP growth of around 9% in the last 3 years. Kerala, its most developed state with a Human Development Index comparable to any developed country is an ideal option. Nature has bestowed upon this place with its natural beauty, moderate climate throughout the year and a long coastline with beautiful beaches. The investment required for a good apartment in Cochin is still comparatively less compared to a similar investment else where. You can find a 3 bedroom apartment for a budget of $100,000 and upwards. Find beautiful water front apartments and lake side villas.
The scenic beauty of the state of Kerala where Cochin is located is so much that it had occupied national geographic list of 7 places to visit on earth. Kerala Tourism (http://keralatourism.org), especially health tourism is another major attraction of Kerala with its traditional ayurveda treatments and therapies. This could very well be your reason for owning a property in Cochin.
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For more information on Cochin Apartments & Kerala Real Estate see KeralaListings Blog
