Kakkanad houses few of the big industrial bases and the residential property in the city of Kochi. The IT hub of the city, the second largest in the state of Kerala, is located here.
Reputed developers from the country and abroad especially Middle East have flocked to this part of the city for developing various commercial and residential complexes. These upcoming projects have grabbed the attention of the investors from the city and also the NRI investors. Boom in the IT industry and the expansion of various industries are considered to be a major reason for this steady growth in the realty industry. Today Kakkanad is considered to be a prestigious location for the apartments.
A top destination
This area of the Kochin city used to be a hilly terrain that was thinly populated. Within few decades, the picture has changed totally and today it is one of the top destinations of the realty investors. It plays a key role in the real estate map of the city. Since there is an influx of the MNCS and other corporates, the developers and realtors have introduced various big size projects that include eco-friendly apartments and flats. These are equipped with facilities to ensure the residents a cosmopolitan lifestyle.
Seamless transportation ensured
Apartment, villas and flats you can opt for any of the residential complex in Kakkkanad. Investment in real estate is considered to be safe as it yields high benefit, and the same is true for this region. Investment in the real estate in this part can yield huge dividends both in the form of return and rentals. The major benefit of this region of the city is that the administrative hub of the district and administrative center is situated adjacent to it. Apart from this it is well-connected with the city and the outskirt areas via the NH47. Owing to this connectivity, transporting to different parts of the city is seamless.
Surge in price
The international airport is approximately half an hour drive from this place. The above mentioned points are few of the reasons for this part of the city to turn out to be one of the best locations in the city and also a focal point of investment. In the last few years, there has been a surge in the price of the properties by fifteen to twenty percent of the original price. There are ample scopes of amusements and recreation in this part of the city. In fact, it is home to the most popular theme park of the state.
Civic amenities catered
Of the total residential properties of the region, apartments are considered to be the maximum. There are mainly 2 and 3 BHK apartments in Kakkanad and they cost approximately Rs. 3,500 per square feet. These apartments and the residential complexes are known to have civic amenities that make this region stand apart from the rest localities. Basic facilities like water, electricity, power backup, security, centralized system of gas transmission and waste disposal are catered to them. Apart from these, each of the developers provides the residents with various other facilities.
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