Real Estate Overview of Kakkanad, Kochi

Location and Infrastructure

Kakkanad, in Kochi, stands out due to its position near big IT parks and commercial zones. It has strong infrastructure. This includes the Kochi Metro and upcoming projects like the Kochi Water Metro that promise better connections, boosting property values.

Property Prices

Kakkanad's property costs vary based on the type and setup of each property. Here are some price ranges:

• Apartments cost between ₹4,500 to ₹7,200 per sq ft, generally around ₹5,450 to ₹5,664 per sq ft.
• Land rates fall between ₹1,450 to ₹3,400 per sq ft.
• Builder floors vary from ₹5,050 to ₹15,450 per sq ft.

Price Trends and Appreciation

Kakkanad has shown big price growth. Rates hiked 3.9% last year, 17.6% over three years, and 24.4% in five years. This rise has been steady at 3-5% annually, fueled by new infrastructure projects.

Rental Market

There are lots of rental choices in Kakkanad for those searching. Apartment rents stretch from ₹18,000 to ₹53,000 each month, averaging ₹22 per sq ft. Offices and warehouses are also for rent from ₹1.6 lac to ₹6.6 lac per month.

Investment Potential

Kakkanad is great for investors because of its closeness to IT areas and business hubs. It offers nice rental yields averaging 3-5%, perfect for steady income.

PropertyWala’s Insight

Want to buy or rent a property in Kakkanad, Kochi? This spot offers good opportunities. Solid infrastructure, increasing demand, and potential for rising property value make it attractive for both buyers and investors. The options vary widely, from budget-friendly to luxury homes. Due to the ongoing infrastructure projects, Kakkanad is likely to provide solid returns over time.