Nedumbassery Overview in Ernakulam

Nedumbassery, found within the Ernakulam district in Kerala, sees a rising real estate market, largely because of its close link to the Cochin International Airport.

Location Perks

• Airport Radius: Properties close to the Cochin International Airport, often within a 1-2 km radius, offer convenience for frequent travelers and aviation workers.
• Transportation: It's easy to reach major cities like Kochi, Aluva, and Angamaly due to good connections to NH 47 and other prominent routes.

Property Prices and Trends

• Average Pricing: Properties in Nedumbassery average around ₹3,991 per sqft, ranging from ₹2,807 to ₹5,833 per sqft.
• Current Decline: For the past year, property values have dropped by 11.6%, signaling a potentially more buyer-friendly environment.

Property Variety

• Housing Options:
  • Apartments
  • Standalone homes
  • Villas
  • Plots and undeveloped land.
• Business Areas:
  • Office buildings
  • Plots for business
  • Hospitality sectors like hotels.

Rent Arrangements

• Housing Rents: Options include 1, 2, 3, or 4 BHK apartments, standalone homes, and villas, with monthly rentals from ₹7,000 to ₹50,000 based on size and extras.
• Commercial Rents: Available for commercial buildings and plots starting at ₹25,000 up to ₹60,000 per month.

Amenities and Facilities

• Movement: Nearby the airport and easily connected to key highways.
• Education and Healthcare: Close to schools and hospitals in Aluva and Kochi.
• Shopping and Recreation: Located near shopping malls and entertainment venues in nearby cities.

Investment Potential

• Buyer Interest: Upsurge in interest due to the airport's strategic position.
• Urban Projects: Several ongoing and upcoming developments.

PropertyWala's Summary

Nedumbassery is a solid choice for buyers and renters seeking convenience and connectivity. Its current market, showing lower property values after a drop, hints at a good time to invest. It is smart to do in-depth research before settling on any real estate. Given its strategic location and rising interest, Nedumbassery is set to be a key player in Ernakulam's real estate scene.