Metro Rail project drives real estate growth in Kochi
Expanding IT/ITeS sector paved the way for real estate growth in Kochi. Now, in the last 2-3 months the real estate sector has exhibited significant appreciation in property value with the metro rail project coming up.
Property prices have increased up to 30 per cent in areas where metro rail work has begun. Kaloor and other localities of North Kochi saw appreciation in both the residential and commercial values in recent times.
Analysts point out that Pallarivattom, Edapally, Vytilla, Kalamassery and South Ernakulam are few of the localities which would get maximum benefit from the ongoing projects. Various commercial, retail and hospitality developments have sprung up owing to enhanced accessibility.
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