Kochi is a cosmopolitan city modeling itself on the lines of Bangalore and Mumbai.
A few decades back, the commercial centre in Kochi or Ernakulam, as it was then called, was restricted to Broadway and M.G.Road.
The city started spreading and far-flung areas like Kakkanad have now become part of Kochi city with residential apartments coming up all over the beautiful hillocks in this area.
Business establishments have started relocating their showrooms and outlets on the sides of the Trivandrum bye pass road between Edapally and Vytilla.
The construction of the Vypeen bridge has opened up new areas for residential and commercial construction as Kochi has become easily accessible from Kochi.


Kochi is the commercial hub of Kerala, and one of the fastest growing second-tier metros in India. Like other large cities in the developing world, Kochi continues to struggle with urbanisation problems such as traffic congestion and environmental degradation.

Kochi being the commercial capital of Kerala and land and house prices have been increasing not
in a steady upward curve but in leaps and bounds. Due to the arrival of IT Parks
and the plans for new projects-IT park, Container Terminal, and Airport etc the property market is at its peak now.
 
It is also estimated that in the near future Kochi and surrounding areas will witness huge investments
on infrastructure development for highways, shopping malls and housing projects, which will send the price of land
spiraling.

People have now realized Investing in real estate is a guarantee that the returns at the time of disposal will definitely be higher making it also as a very safe mode of investment.

New residential localities like Panmpilly Nagar, Kakkanad, Gandhi Nagar, Giri Nagar, Kumaran Asan Nagar have come up during the past few decades.
Palarivattom, Kaloor,and Edapally, are the older residential areas.
Kakkanad is fast becoming one of the most favored spots for villas and flats while in Kathrikadavu area, with its two new flyovers, land value has touched new highs. Of late, Nedumassary which is outside city limits is also being developed as a residential area by some developers.
It is obvious that land value is going up day by day but good plots are fast becoming scarce.
Rates have quadrupled in the space of five years, and in some cases even doubled in one year.

Flats have become popular due to the safety and security available for flat dwellers.

In addition to security, the tenant need not worry about payment of electricity, water or other maintenance bills which are taken care of by the society.
All external maintenance is also done by the society. Many of the builders provide utilities like centralized gas, health club, waste chutes and driver's rooms which are value additions.
The paper work involved during the purchase is also minimal and the biggest boon is that one need not worry about the problems of construction-labour, purchase of material, permits and licenses etc.


Independent villas and houses are expensive but if one can afford it can make you feel like a king. There are many builders who carry out construction on contract basis and with totally transparent terms and conditions.
This helps avoid the headaches one would have to face while building homes.