The experts at Mansions, with three decades of experience, say that one of the primary reasons that attract businesses or why people are willing to invest in properties is tourism. During the pandemic, the tourism industry had received a severe blow but on a happier note, DTPC or the District Tourism Promotion Council has recently revealed that within a few months, they expect the flow of tourists to increase in Kochi. The tourism sector has been busy exploring new projects and has reopened plenty of attractions for the increasing number of visitors. But where does that put you as an investor? Here are five reasons why apartments in Kochi are currently sought after as prime real estate commodities and the way is only forward from here:
1. Great Social Infrastructure:
Dubbed ‘Smart City’, Kochi has everything from basic infrastructure to international airlines’ connectivity, commercial growth as a port-city and a pre-Covid booming tourism sector which is now picking up the pieces again. The Metro Railways has changed the real estate scenario in the city as well. Properties in the proximity of the metro stations have seen an enormous hike in demand and simultaneously an increase in returns also. The surge in value will only increase from here on as an average Indian staying away from home always seeks out flats in Kochi, or anywhere they move, with better connectivity to public transportation.
2. Excellent Long-term Investment:
According to news reports, DTPC and Santos King Tours and Travels have teamed up to open a kayaking facility at Aluva Manappuram, including eco-friendly cottages. Plans are also afoot to develop lesser known places like Parunthuranji Manappuram and others around the area. Moreover, the water sports facility at the beach in Munambam has been reopened and is a hit among domestic tourists! It’s only a matter of time till people from other parts of India start trickling in as well to experience the fun of water sports from Kochi. A rise in tourists means demand for living spaces like homestays etc. If you are planning to invest, now is the ideal time. You can reap high returns for a long time.
3. Kochi offers prime locations in real estate:
Builders in Kochi will vouch for places like Kakkanad, Aluva, Edappally and areas around Infopark as some of the best locations to invest in the city. After the establishment of Infopark, within the last 15 years, Kochi has seen a dramatic rise in real estate development. Now that people have slowly started to come back post-Covid, the demand for flats in Kochi will increase. You can choose to invest in property near the IT hub or consider the flats for sale in Aluva for a tranquil atmosphere away from the city; you just cannot go wrong with it.
4. Kochi is the place to be for holidays:
As winter sets in and the tourism season begins in earnest, Kochi will become a beacon for people from North India and a fair share of foreign tourists as well. Investing in property now and turning it into a rented place for such customers will give you some early returns letting you pay back loans faster.
5. Perfect choice for a second home:
With the suburbs growing steadily, Kochi has a lot to offer in terms of real estate. Be it the allure of religious places in Edappally or the self-sufficient localities of Kakkanad, the city has something to offer to everyone. If a second home to stay over during the holidays and plans for small gateways to nearby areas are too good to be true, Kochi offers you the chance to make it a reality.
If investing in property has been on your mind, then let Mansions Properties guide you to the house of your dreams.
#apartmentsinKochi #buildersinKochi #flatsinKochi #flatsforsaleinAluva