Overview of Kakkanad, Ernakulam

Kakkanad, located in Ernakulam district within Kochi, Kerala, stands out as a top choice for both home buying and commercial investments. Let's explore this locality from a real estate standpoint:

Area and Connectivity

• Kakkanad serves as the Ernakulam district's administrative hub and is close to vital infrastructure, including the Cochin Special Economic Zone (CZEZ) and Infopark, the second-largest IT park in Kerala.
• Excellent connectivity is offered by Kerala State Road Transport buses and private buses. The Kakkanad bus stop is a crucial transit hub.

Property Prices and Trends

• Homes:

  • The average property prices are roughly Rs.5,664 per square foot. Prices fluctuate from Rs. 2,812 to Rs.9,070 per square foot.
  • Prices for flats average from Rs.4,500 to Rs.7,200 per square foot.
  • Builder floor prices can reach up to Rs.15,450 per square foot.

• Land Rates:

  • Kakkanad's land rates range from Rs.1,850 to Rs.3,450 per square foot.

• Price Appreciation:

  • Notable price rises have occurred in the region, with flat prices increasing by 5.8% over the past year, 19.8% in three years, and 43.4% over the last ten years.

Types of Properties

• Apartments:

  • Apartments are offered in 1, 2, 3, and 4 BHK layouts, complete with amenities including reserved parking, piped gas, intercom systems, power backup, swimming pools, fitness centers, and much more.

• Houses and Villas:

  • These properties come in various sizes, offering options tailored to diverse preferences.

• Land:

  • Residential plots are available, presenting a great option for building homes.

Infrastructure and Amenities

• Industrial and IT Hubs:

  • Major developments fueled by the CZEZ and Infopark, including improved roads and local services such as banks, medical facilities, and shopping zones.

• Community Amenities:

  • Facilities include shopping centers, grocery stores, CCTV surveillance, lifts, parks, and recreational areas like pools and gyms.

• Educational and Healthcare Facilities:

  • Schools, markets, and hospitals are nearby, providing ease for families.

Challenges

• Traffic and Air Quality:

  • The Seaport-Airport road causes heavy traffic, affecting air quality.

• Water Shortages:

  • Water is scarce during summers in some parts of Kakkanad.

Future Growth Prospects

• Housing and Office Needs:

  • High demand for homes and office spaces is seen within IT/ITeS hubs, thanks to 150+ companies at Infopark and CZEZ.

• Infrastructure Progress:

  • The Seaport-Airport Road will likely increase property values and spur further development.

Real Estate Insight

Kakkanad, Ernakulam, in Kochi, merges modern amenities with strong infrastructure and excellent growth potentials. Although traffic and water scarcity exist as challenges, the vicinity to IT hubs, better connectivity, and strong price increases make it a top choice for buyers and investors. Ongoing and future projects promise its continued development, marking it as a wise investment pick in Kochi's real estate sector.