Overview of MG Road, Kochi: A Real Estate Insight

MG Road in Kochi stands out as a popular spot for both homes and businesses, blending ease, amenities, and good deals.

Property Types and Price Range

The area has a variety of properties like apartments, standalone homes, detached villas, and commercial spots. For homes, the usual cost in MG Road is around ₹1.15 crore, which is easier compared to Kochi's average of ₹1.32 crore.

• Home Apartments: Found in many sizes such as 1 BHK, 2 BHK, and 3 BHK. Prices change based on size and extras. For example, a 3 BHK flat can cost from ₹96 lakhs to ₹2.1 crores, depending on place and features.
• Standalone Houses and Villas: Offer big spaces, often with extras like power supplies, lifts, and lot of parking. Prices usually start from around ₹1.5 crores.
• Commercial Buildings: MG Road is great for business, offering office spaces, retail spots, and mixed developments. These spaces can be rented out or bought. Rentals could be ₹35,000 per month for a 1500 sq ft office, or you can buy large commercial setups and lands.

Connectivity and Amenities

MG Road links well to other parts of Kochi, making it great for both residents and firms.

• Travel: It’s near big transport hubs like the Kaloor bus stand, Ernakulam North and South train stations, and metro spots like Lissie station and Elamkulam station.
• Features: Hospitals (e.g., Medical Trust Hospital), malls (e.g., Central Mall), schools, colleges, and worship places are all close by.

Safety and Security

MG Road generally feels safe and secure, with lots of residential and commercial activities. There’s good patrol, and many houses have added safety, like 24-hour guards.

Investment Future

MG Road has great chances for those thinking of investing. Businesses usually make more rental money compared to homes. There’s also the option to shift many costs with Triple Net Leases.

Nearby Schools and Hospitals

The area is full of good schools and healthcare places, perfect for families.

• Schools and Colleges: Prominent educational institutes are close by, offering great chance for children.
• Medical Services: Hospitals like Medical Trust Hospital and Lissie Hospital are near, offering good healthcare nearby.

PropertyWala’s Summary

MG Road in Kochi is perfect for buyers and renters because of its clever location, range of homes, and excellent connections. Offering a mix of residences and businesses with solid buildings and features, it’s a must for anyone wanting to invest or live in a lively area. However, keep an eye on market shifts, as recent drops in property prices here you may want to think about when deciding.