07 Mar-2023

Long-term benefits of buying a flat in Kochi

Posted onMar 07, 2023
by by Ajmal T V
Kochi, Real Estate Investment Strategies in Kochi

Property value

The property values in Kochi have steadily increased throughout the years. Purchasing a flat in Kochi may bring excellent returns on investment as property values rise over time. Kochi is strategically positioned in southern India and is well-connected to the country's other main cities. This makes it an attractive place for businesses to establish themselves and for people searching for a well-connected house. It features a first-rate infrastructure in terms of transportation, healthcare, education, and other necessities. This makes the city an appealing location to live and work, which boosts property values.

Rental income

Kochi is a significant commercial hub that draws a large number of individuals who come to the city for jobs or education. Investing in an apartment in Kochi may produce a consistent rental income, making it a good investment choice. In addition to providing a steady stream of income, the property's returns or rental income will be inflation-adjusted. The rental yield for flats in Kochi is around 4-6%, which is relatively high compared to other cities in India.

Lifestyle Benefits

Kochi is a lovely city with a rich cultural background, and buying an apartment there gives you access to a variety of lifestyle amenities including parks, retail centers, and recreational facilities. The city also includes a number of parks and green areas that provide a welcome respite from the rush and bustle of metropolitan life. It has a reduced cost of living than other major Indian cities. This makes it an excellent choice for people seeking a pleasant living without breaking their wallets. It offers multiple well-equipped hospitals and healthcare facilities, making it a perfect location for individuals who desire convenient access to quality healthcare. It also has an extensive network of buses and trains, making it simple to get around the city and visit the surrounding areas.

Tax benefits

The local government imposes a property tax on properties in Kochi. Property taxes in Kochi are cheaper than in other major Indian cities. Property owners in Kochi can also get tax breaks on the interest they pay on their house loans. Subject to certain criteria, residents can claim tax breaks on capital gains on the sale of their homes. Kochi has a Special Economic Zone, which provides many tax breaks to enterprises that operate within it. These advantages include tariff and tax exemptions on items imported or exported from the zone.

Rich Culture

Kochi has a plethora of cultural attractions for visitors to explore. This dynamic city has plenty for everyone to explore and admire, from traditional dance and art to historic buildings and delectable cuisine. It is well-known for its exquisite food, which includes a broad range of vegetarian and non-vegetarian meals. Appam, puttu, and fish curry are among the must-try delicacies in Kochi. Here, you get a glimpse of Muziris Biennale, which is the best festival to attend because of its upbeat atmosphere created by artists, musicians, dancers, and cuisine. You would not be startled to hear Hindi or any other language in this city because many people speak Hindi and other languages. 

Metro exposure

The introduction of the Kochi Metro has transformed the face of Kochi, making it easier to go to most destinations inside the city without getting stuck in a frustrating traffic jam. Kochi's public infrastructure has been updated, and the Kochi Metro has improved the city's brand image. As a result, there has been an increase in demand for homes near metro stations, which has bolstered the real estate industry.

Kochi is seeing an increase in demand for luxury apartments, with numerous developers developing high-end developments in the city. This gives an opportunity for individuals wishing to invest in high-end properties with substantial profits. Purchasing flats in Kochi may be a smart investment for people seeking a consistent rental income, capital gain, and a developing market for luxury apartments.

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