There is a surge in demand for residential and commercial properties in Kochi, thanks to the emergence of several IT parks. This has drawn a large number of entrepreneurs and IT professionals to the city, driving the demand for both housing and commercial space.
Not surprisingly, it has pushed up the rental yields in apartments located in and around these IT parks. The main areas where the real estate market trends in Kochi are showing steep rises are where IT parks and related services have cropped up.
Builders in Kochi are focusing on developing spaces that are modern, secure, and convenient, even as the government invests in infrastructure to ease traffic congestion and enhance connectivity.
IT parks like SmartCity and Infopark set off the process of transforming Kochi into a major IT destination. National and international tech giants like Infosys, Wipro, TCS, Cognizant, and other companies flocked to the city.
The various facilities offered by the government, like training, incubation centres, easy financing, subsidized utilities, and so on, also helped attract a number of startups. These developments created employment opportunities and drove the growth of real estate as well.
The growth of the IT boom meant more professionals coming in; it also meant that other services like healthcare and education grew to accommodate the needs of the newcomers to the city. All of these factors helped to skyrocket the demand for apartments , especially in and around the areas where the IT parks are located.
Obviously, it is not possible for developers to meet the increasing demand for housing immediately; construction takes time, and more so, when it is quality construction.
The high demand means that apartments located in strategically important areas near IT parks, highways, educational institutions and so on, are experiencing high rental incomes, making them attractive to investors.
To match the growth of the IT industry, the government is also making substantial investment in infrastructure development. An intricate network of highways, both national and state, local roads and arterial roads, flyovers and over-bridges are in various stages of completion.
This has helped the city ease traffic congestion and stay connected to the entire country. The metro rail network, water ferry system, railway connectivity, and public road transportation facilities are all making commuting easier, faster, and more convenient.
There are more hospitals, schools, colleges, markets, malls, green spaces, and entertainment centres, which serve to improve the quality of living in Kochi. The city is therefore a very attractive destination for those seeking a good life both financially and otherwise.
Areas like Aluva, Edappally, Palarivattam, and Kadavanthra were already popular as residential locations. However, places like Kakkanad, Vyttila, Kaloor, Vazhakkala, and Thripunithara are also experiencing high demand for apartments today.
The implementation of the Real Estate Regulatory Authority or RERA Act has resulted in the creation of a more structured and transparent environment in the real estate industry. This has boosted the confidence of investors and home buyers, as their interests are well protected.
Builders have to mandatorily park funds received from investors in dedicated Escrow accounts, to ensure that the money is used only to develop those specific projects. The RERA portal also needs to be regularly updated to show the progress of each project, and this helps minimize delays.
The blooming IT industry has definitely led to the rise of property prices in Kochi. The prices are especially high in areas where the IT parks or major educational and healthcare institutions are located.
Modern apartments also offer greater security and better features, thanks to advancements in construction technology. You can also learn how to maximize your safety in Kochi apartments to ensure maximum protection for your family.
With double income households on the rise, families are exploring the amenities offered by builders and making sure that they get the best their money can buy. IT professionals expect and demand residential spaces that reflect their heightened incomes.
Homeowners are looking for lifestyle apartments and are willing to pay a premium for such apartments located in areas close to their workplaces.
Varma Homes is one of the leading builders in Kochi, and we have constructed some of the finest apartments in key areas of the city that are witnessing an IT boom.
With top-notch amenities and RERA certification, you can be sure that you are getting the best deal.
Be part of Kochi’s most vibrant communities! With premium Apartments in Kochi surrounded by IT parks, schools, and leisure hubs, you’ll enjoy a perfect balance of work and life.
Get in touch with Varma Homes and discover how modern community living can redefine your everyday comfort.
How have IT parks influenced the demand for apartments in Kochi?
The rise of IT parks like SmartCity and Infopark has attracted thousands of professionals to Kochi, increasing the demand for quality housing. Areas surrounding these IT hubs are now witnessing a surge in property value and rental demand, making apartments in Kochi a smart investment choice.
Which areas in Kochi are seeing the fastest real estate growth due to IT development?
Localities such as Kakkanad, Edappally, Vyttila, and Thripunithura have emerged as real estate hotspots due to their proximity to major IT parks and excellent infrastructure. These regions offer easy connectivity, modern amenities, and high appreciation potential for homeowners and investors alike.
Why should investors consider buying apartments in Kochi now?
With ongoing infrastructure projects, increasing job opportunities, and rising property values, Kochi’s real estate market is on a strong upward trend. Investing in apartments in Kochi now ensures long-term returns, high rental yields, and ownership in one of Kerala’s fastest-growing urban centers.