Real estate opportunities of Cochin city has grown incredibly high with the ongoing metro rail project. The Cochin metro rail project offers easy access to the prime destinations of the city from various parts of the outer city. And that is the clear indication of the city spreading to even those locations which are called the outer city these days.
The chances of less travelling time to the city destinations will encourage more people to relocate to various promising outer city locations benefiting from the metro projects. Locations like Aluva, Fort Kochi, Thripunithura etc will be the beneficiaries of this in the first phase of development. This is surely going to force the builders in cochin to keep eye upon these towns as locations for their residential projects offering flats and apartments.
Another attractive indication of these factors is that those locations inside the 500 metre limits of the 22 metro stations have already witnessed a sudden growth in price range. Minimum of 50 per cent growth in the property pricing is expected by the time the project becomes a reality. It is noted that property prices have risen up to 30 per cent in areas where the Metro Rail work has already commenced
Its been said that 1,500-2,000 housing units are required in cochin annually as a result of more and more migrants to the city from outside cities across kerala looking for flats in cochin.When the Metro project will increase the mobility of Cochin city, chances of more and more professionals from the nearer cities including Bengaluru and Chennai will prefer to relocate to the city, says the experts.