Kakkanad a part of Ernakulum district, Kochi is one in every of the rapidly developing areas of the town. Kakkanad is witnessing immense growth within the residential, industrial and retail sector within the past 2 years.
According to AK Leo from Nest4u Properties, "Kakkanad has witnessed important growth of up to 100 percent within the capital values of residential and industrial properties and up to a hundred and fiftieth within the rental segments throughout the past number of years."
Growth within the IT sector is one in every of the foremost factors, added Leo. in keeping with Sabir Ahmed from world Associates, “Kakkanad has second largest IT industrial park within the town referred to as Kochi Infopark further because the largest upcoming IT industrial township ‘Kochi sensible City’ that is that the major economic driver of the world.”
Located in shut proximity to renowned education establishments, health care establishments and with adequate provide of water, the world is good for living further as business purpose. Well connected via NH47, Kakkanad enjoys connectivity inside the town together with the outskirt areas.
The growth of industries has created robust demand for homes, industrial complexes, malls, entertainments hubs etc within the vicinity. Developers like DLF Ltd, Infra Builders, Ebony Estates, Nitish Estates, assured cluster, ABAD Builders and Trinity Builders and Developers have launched their prestigious comes within the space.
All these comes are designed to produce lifestyle options and facilities to the top users. Most of the upcoming comes by native developers of the town are on the market within the value vary of Rs 30-50 lakh, but within the luxury phase like DLF Infinity Tower is on the market within the value vary of Rs 95-160 lakh.
The current capital values of residences vary from Rs two,500-4,000 per sq ft. The newly launched comes are seeing sensible range of transactions and also the capital values of residences on the market in resale is seeing premium of ten to twenty, as told by Dinesh Kumar from D.K. Properties. the continuing public personal partnership project within the areas that additionally includes construction of international airport is that the alternative reason fetching attention of patrons and investors.
Kakkanad is that the hub of IT/ITeS sector within the town and witnessing huge demand for housing. The new comes are ideal for people utilized in Infopark. the world {is sensible|is sweet|is nice} from investment viewpoint in concert will generate good rental returns, added Ahmed.
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