Real Estate Overview of Kochi Airport, Kochi

The region encircling Kochi Airport, particularly Nedumbassery, boasts a burgeoning real estate market fueled by numerous key factors.

Infrastructure and Connectivity

Benefitting greatly, the locality is close to the Cochin International Airport, a huge infrastructure hub. This close proximity, plus ongoing upgrades to road networks and other infrastructure works, improve connectivity. This factor makes the area highly attractive for both residential and commercial investments.

Market Growth and Investment Potential

The real estate market here is booming, spurred on by infrastructure projects, investments from NRIs, and a vibrant tourism sector. Property prices have risen significantly and are predicted to keep going up at a moderate pace of 3-5% in the next fiscal year.

Rental Yields

Investors can find good rental returns here, typically between 3-5%. Prime regions near the airport and other commercial centers see even better yields. This makes it a great market for steady rental income.

Variety in Property Options

This area provides multiple property types, including:

• Residential units including villas, apartments, and standalone houses with spaces ranging from 1-4 bedrooms and amenities like attached bathrooms, well water, and modern facilities.
• Commercial establishments like hotels, commercial buildings, and spaces for leasing or buying, fitting various business requirements.
• Land plots available in sizes ranging from a few cents to several acres, available for sale or rent.

Prices

Prices are diverse based on property type and location. Examples are:

• Residential apartments and houses start from ₹25,000 and go up to ₹1 crore or more based on size and extras.
• Commercial properties, such as hotels near the airport, can be priced at around ₹6.5 crores or even higher.
• Land plots cost between ₹1.75 lakhs to ₹8.5 lakhs per cent, dependent on size and location.

PropertyWala's Conclusion

Investing in real estate surrounding Kochi Airport is compelling due to its significant location, strong infrastructure, and high potential for both capital value increase and rental income. With continued development in infrastructure and a supportive business atmosphere, this area is set for sustained growth. This makes it a top choice for people who want to buy or rent properties here. Whether you’re an investor for long-term gains or a future homeowner seeking easy, well-linked living spots, the Kochi Airport area provides a range of opportunities for all budgets and needs.