The Change of Kochi into the Most Agreeable Urban Area
Kochi has turned out to be the most preferred place to live in. The city now holds the promise of economic opportunities as well as social mobility. People are adapting new urbanized lifestyle. This quickly changing lifestyle is not just due to the urban advancements, but also due to the increased income of individuals. The changing way of living has increased the cost for property and land.
The surprising development in the real estate segment over about 10 years is being noticed in Kochi. What actually expanded the demand for builders is the substantial number of immigrants to the city. The promise of jobs and wealth pulls people to the place. Considering the massive development in the realty sector, banks have reduced the interest rate on home loans. Also, Pradhan Mantri Awas Yojana scheme has helped people to own apartments saving some money.
Huge Demand for Flats and Apartments
You need not to be a permanent resident to have an apartment or flat in Kochi. People consider buying it for rental purposes, especially in Kakkanad area focusing the IT professionals in Infopark. With better financial conditions, it’s not that challenging for the professionals to buy a flat for rent near to their workplace.
Builders mainly focus this salaried area of Kakkanad and they are truly benefiting out of this advancement.
Remarkable Living Space with Best Facilities
The biggest mall in India, LULU mall in Edapally, Kochi is assuredly the one-stop destination for shopping. And there is a monstrous increase in the demand for properties near this area.
The builders focusing on retired people for the projects of Retirement living for without compromising on safety and peacefulness is one other factor that caters to the changing lifestyle.
Another thing that changed the face of Kochi is the Metro project. With Metro, traveling to most places within the city has been made easy without getting trapped in the troubling traffic block. It has paved way for an upgraded public infrastructure. The demand of having a home near the metro station increased and thus it boosted the real estate Industry.
The presence of the International Airport in Cochin increases the capital value of residential properties in the localities nearby.
Having an apartment or flat which is close to the best hospital, school etc. in the city is also demanded highly.
The changing lifestyle shows a clear image of the consequence of these sorts of urban developments.
Also, waterfront apartments in Kochi that face the Arabian Sea are always in high demand. Most people relate waterfront apartments to their dream home or paradise! Realty industries are cashing in on with this demand with various residential projects in and around the locales of the city.
Kochi has come out to be a blasting city that guarantees an exclusionary demand for living and a bright future. We, Veegaland Developers, provide top-notch flats and apartments in Kochi offering comfort to its residents. All our residential projects are done to embrace the uniqueness of the city and thus bring you the advantages of urban developments of Kochi