The recently signed Cochin Smart City agreement has been welcomed by all and it has spurred the real estate prices. All the property transaction in Kakkanadu were in a standstill for the last few months and the the prices for the land and property were also much constant for the last few months. But just after the smart city agreement signed off, there has been great movement in the property rates and transactions. The areas surrounding Kakkanadu such as Edachira, Pallikkara, Kizhakkambalam, Pookattupady etc have seen a major improvement in property transactions.
These places still has a rural outlook but in the coming years we would be able to see a lot of developments. The price of land in Edachira is somewhere near 8 lakhs to 10 Lakhs per cent and other places also has some reasonable good price range. If you want to purchase a decent property say a good house under 5 cents of land anywhere near the above mentioned places, you need to pay somewhere between Rs 35 Lakhs to 45 Lakhs. But still these areas are having poor infrastructure with pretty bad roads and lack of other basic amenities.
But the atmosphere of these areas seems like more polluted and dust accumulation is one of the major issues that I have seen in these areas. But as you go towards Aluva, you can see more greenery with less dust accumulation. The property and land in Cochin city has almost been saturated for the last few years and I would prefer to live in area surrounding Aluva.
The house rent in the areas surrounding Kakkanadu would also see some marginal increase in the coming days as there are a large number of property brokers and dealers who are ready to step up the rent. The property brokers and dealers are the one who are responsible for increasing the property rate and now since the Cochin Smart city agreement has been finalized, I have seen a lot of brokers trying to take advantage of that. Anyway, it would be really hard to buy / purchase a land or house nearby Kakkanadu for the common people.
These places still has a rural outlook but in the coming years we would be able to see a lot of developments. The price of land in Edachira is somewhere near 8 lakhs to 10 Lakhs per cent and other places also has some reasonable good price range. If you want to purchase a decent property say a good house under 5 cents of land anywhere near the above mentioned places, you need to pay somewhere between Rs 35 Lakhs to 45 Lakhs. But still these areas are having poor infrastructure with pretty bad roads and lack of other basic amenities.
But the atmosphere of these areas seems like more polluted and dust accumulation is one of the major issues that I have seen in these areas. But as you go towards Aluva, you can see more greenery with less dust accumulation. The property and land in Cochin city has almost been saturated for the last few years and I would prefer to live in area surrounding Aluva.
The house rent in the areas surrounding Kakkanadu would also see some marginal increase in the coming days as there are a large number of property brokers and dealers who are ready to step up the rent. The property brokers and dealers are the one who are responsible for increasing the property rate and now since the Cochin Smart city agreement has been finalized, I have seen a lot of brokers trying to take advantage of that. Anyway, it would be really hard to buy / purchase a land or house nearby Kakkanadu for the common people.
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