Ernakulam is the commercial capital of the state Kerala and is the most urbanized city of Kochi. This financial and commercial hub of Kerala is a rapidly developing city that witnesses growth not just in economy but also in the real estate space. Though the real estate market in Kochi and Ernakulam is in a slower pace when compared to other cities of the country, it remains much active within the state of Kerala. The real estate market in Ernakulam is greatly influenced by the economic growth of the city. Its infrastructural developments, increasing job opportunities, and various government initiatives contribute to the development of real estate in Ernakulam. Having said about its economic development, Ernakulam is recently witnessing many new residential project launches to compensate the huge demand form home buyers.
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Tis most happening location of Kochi is evolving into a cosmopolitan city with tremendous growth in all aspects. The infrastructural developments, many reputed educational institutions, health centres, entertainments areas have made it the most sought-after location in Kochi to buy new apartment. The Kochi metro rail project in happening in full pace which when completed will surely increase the demand for houses for sale in Ernakulam. As the various developments in Ernakulam is increasing day by day, it lures many potential home buyers from various parts of Kochi.
Kerala also enjoy good connectivity to various parts of the city and is connected to the North-South Corridor National Highway System through the four-lane National Highway 47. This highway passes through the entire part of the city making easy accessibility to various areas within and outside the city such as Thrissur, Palakkad and Coimbatore. The National Highway NH 47 provides two main exit points at Edapally and Vytilla to the Ernakulam city. With easy connectivity and accessibility to nearly cities, the launch of new residential projects here is increasing to a greater extent. Not just road connectivity, but Ernakulam also enjoys rail connectivity through the Ernakulam Junction Railway Station. The Cochin International Airport is also located just 27 kilometres from Ernakulam.
As the importance of city is increasing day by day, the prices of properties in Ernakulam is reaching new heights. So people are now moving towards buying properties in the suburban areas of Ernakulam such as Kadavanthra, Thevara and Edapally. Apart from these suburbs, there are also certain satellite towns developing in areas around Ernakulam such as Aluva, Mattanchery and Tripunithura.
The main driving factors for Kochi real estate is the metro rail project and the smart city project, which helps investors lure many home buyers towards Ernakulam. People are also showing high interest in buying house for sale in Ernakulam. As the demand for housing increases the launch of new residential projects also increases day by day. Also he large land availability in the suburban areas of Ernakulam also helps investors to buy large parcels of land and start new residential projects. Experts feel that this is the right time to invest on properties in Ernakulam to get high return of interest in near future.