If you are looking for properties for investment option, Kochi is the ideal place as the rental market in Kochi is buoyant. Well developed social and physical infrastructure, well connectivity to its satellite cities and rest of the country, rapid economic growth, and high return on investment along with cosmopolitan lifestyle are the key factors that create a high demand of apartments for rent in Kochi.
The luxury housing concept has gained momentum with the growing of globe-trotting Indians and those accustomed to living a lifestyle during their sojourn abroad. The interest shown by NRIs, HNIs in luxury projects also enhances the prices of luxury apartments for rent in Kochi.If you invest in high end apartments, you get a high price of rent. Although, the initial investment is high, it can be compensated by the high price of rent as it provides sizable amount. The high price of apartments for rent in Kochi is due to various factors like locations, facilities, accessibility and other provisions of comfort living. Kakkanad, Parur, Aluva, Edappally, Ernakulum, Tripunithura, Angamaly and Kalamasery are some of the areas that have witnessed a steep rise in rental price.
Since, the rental market in Kochi is buoyant, investors focus on apartments rather plots. A person can opt to buy few flats and then rent them at higher prices to earn. Multinational companies, IT giants and other big companies have set their base in the metro that has enhanced the property values of the city. Professionals engaged with these companies look for fully furnished, lifestyle homes that have boosted demand for high end and luxury apartments for rent in Kochi.
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