Kakkanad is a well-known suburb in Kochi. Its strategic location, thriving infrastructure, and fast development have made it an ideal location for real estate investment in recent years. In keeping with the rapid development of Kochi, Kakkanad is also experiencing demand for residential properties by first-time home buyers as well as investors.
IT Hub
Kakkanad is a well-known It hub of Kochi and Kerala. The presence of IT Hub Smart city near Kakkanad is boosting the demand for housing. Many IT MNCs have their offices in the Smart city which is generating huge employment opportunities. IN the coming future more IT companies are expected to set up their offices here. As a result, the suburb has a high growth potential.
Demand
As more professionals are employed in the major IT hubs in and around Kakkanad the demand for affordable, luxury, and 2 BHK for sale in Kakkanad is bound to increase. The number of residential projects is currently low and as a result, this is the right time to invest in property in Kerala. As demand keeps increasing the prices are also set to increase. By investing in the projects now one can expect healthy returns in the near and long term.
Capital Appreciation
Investing in Kakkanad homes has a high potential for capital appreciation. The many infrastructural projects coming up will improve the connectivity and hence improve the property value in the vicinity. This will attract investments into the location boosting the trend of investments and hence increasing property value.
Rental Income
As young IT professionals start their careers they will need housing. At that stage, they do not have an income to be able to buy a home. In such situations finding a home on rent becomes essential for them. To fulfill this necessity investors can rent out their apartments and earn a good rental income.
Social Infrastructure
Kakkanad boasts of a good social infrastructure. With many educational institutes, healthcare facilities, supermarkets, and other essential services easily available, the residents can have a comfortable stay. It also hosts plenty of entertainment options that are in demand by the working population to unwind in their free time. As a result, choosing projects in Kakkanad to invest amongst projects in Kerala is a smart move.
As we see due to good infrastructure, high demand, comparatively lower prices, and future growth prospects, investing in 2 BHK flats in Kakkanad is a good bet.