Kochi real estate to benefit from Metro Rail project
The proposed Kochi Metro Rail project is expected to positively impact city’s real estate market.
The project is slated to be completed in three years’ time. A report prepared by Geojit BNP Paribas Property Services points out those areas within 500 meters from the 23 Metro stations coming up in the 1st phase will witness a minimum of 50 per cent appreciation in the property pricing.
The sales volume is also expected to grow, making Kochi a new realty destination.
The property prices have risen 30 per cent in last 6 months, especially in North Kochi, where the Metro Rail work has already commenced. With the IT/ITE companies making a beeline for the city, Metro rail project may well be the cutting-edge catalyst in the transformation of Kochi.
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[...] days back a survey was conducted to determine the boundary for Kochi Metro rail project between Aluva and Edappally. It is assumed that district administration will need to [...]