Real Estate Overview of Kaloor, Ernakulam

Kaloor, located in Ernakulam, Kochi, stands out as a desired spot for both buyers and renters. This place offers strategic advantages and numerous amenities.

Pricing and Trends

The average cost per square foot for properties in Kaloor ranges from ₹6,415 to ₹7,700, based on specific locations in the area.

• You can get a property starting at around ₹6,521 per sqft, with the average price hovering near this range.
• Apartments, say a 2 BHK, might cost you between ₹59 lakhs and ₹87.5 lakhs. A 3 BHK could cost from ₹70 lakhs to ₹1.2 crore or even more, depending on the development and its amenities.

Types of Properties

Kaloor offers a variety of property options, including:

• Apartments: In various projects like Noel Define, Skyline Epic, SFS Center Cove, and Imperial Gardens Dukes, you can find many ready-to-move apartments. These are mostly semi-furnished or unfurnished and feature great amenities such as swimming pools, fitness centers, and security.
• Independent Villas: For those who want a villa, Asset Insignia has large independent villas with cutting-edge amenities.
• Plots: There are also residential plots available. Some are near landmarks like the Jawaharlal Nehru Stadium, with options for multi-story homes.

Amenities and Infrastructure

Kaloor is well connected with many important amenities:

• Transportation: It's near Kaloor bus terminus, Ernakulam North railway station, and metro stations, which makes getting around easy.
• Landmarks: The area is close to the Jawaharlal Nehru Stadium, Lissy Hospital, and shopping centers like Pothy's Supermarket.
• Services: Many schools, hospitals, and other services are within walking distance, making it perfect for families.

Rental Market

For renters, Kaloor provides different choices:

• Apartments: Rents vary from ₹9,000 to ₹35,000 per month, depending on the size, whether it’s furnished, and its amenities.
• Rent Amenities: Many rented properties include furnishings, new kitchens, covered parking, and top-notch amenities like swimming pools and gyms.

PropertyWala's Verdict

Kaloor, Ernakulam, remains a great option for both purchasing and renting property. Its prime spot, solid infrastructure, and variety of property types make it compelling. Its close proximity to transportation, schools, hospitals, and other facilities increases its worth. Even though property prices have recently gone down a bit, Kaloor continues to promise good returns and long-term value for those seeking comfort and convenience.