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Kochi real estate to benefit from Metro Rail project

1 Comment Sub Category:Kochi,Realty News Posted On: Aug 09, 2012

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.

To read more real estate news:

Kochi Corporation to assist residents filling up property tax forms

One Response to “Kochi real estate to benefit from Metro Rail project”

  1. [...] 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 [...]

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