Overview of Marine Drive, Ernakulam

Location and Amenities

Marine Drive, located in Ernakulam, Kochi, shines as a prime locality, famed for its waterfront charm and exclusive amenities. Nestled by the backwaters of Kochi, the area offers a distinct waterfront living experience. Among several important factors, you should consider the accessibility to top schools like St. Mary's Convent Girl's Higher Secondary School, healthcare with nearby facilities including Gulshan Medicare, Kochi, and other crucial services.

Property Types and Prices

• Apartments: You can find a range of apartments from 2BHK to 4BHK, in sizes from 2,198 sqft to 5,112 sqft. From ₹1.88 Cr to ₹8 Cr are the prices, varying with per sqft rates between ₹8,553 and ₹15,649.
• Plots and Builder Floors: Along with apartments, the area also includes plots and builder floors tailored to different budgets.
• Average Price per Sqft: Marine Drive's average price per sqft stands at ₹9,506, ranging between ₹8,222 and ₹12,258 per sqft.

Notable Projects

• Marina One: This development by Sobha, in collaboration with Puravankara, offers luxurious waterfront lives. It contains 3BHK+study and 4BHK apartments ranging from 2,296 sqft to 3,710 sqft, priced from ₹2.48 Cr to ₹4 Cr.
• Tritvam by Tata Realty: Delivers 3BHK and 4BHK apartments from 2,188 sqft to 3,186 sqft. This project's prices fall between ₹1.58 Cr to ₹2.29 Cr.

Rental Options

Marine Drive gives many choices for renters:

• Fully Furnished Flats: Available in various sizes like 2BHK, 3BHK, 4BHK, with monthly rents from ₹24,500 to ₹1 lakh.
• Office and Commercial Spaces: It also offers office spaces and showrooms for rent.

Price Trends

• Year-on-Year Growth: Property rates here rose by 4.85% over the past year, marking a positive trend for investors and potential buyers.
• Market Viability: Based on current trends, properties in Marine Drive promise profitable buying and selling at this time.

PropertyWala's Conclusion

Marine Drive, Ernakulam, is a strong choice for buying or renting a property in a lavish, highly-amenable area. Offering a distinctive waterfront setting, the abundance of upscale residential projects, and a promising price trend, it's an appealing prospect for both residents and investors. With its varied property types and diverse price ranges, it caters to every budget and preference. Seeking a luxurious home or an investment opportunity? Marine Drive is definitely worth considering.