The city of Ernakulam in Kerala has experienced skyrocketing real estate prices of late. The factors are many. These include the tremendous rise of the IT sector in Kochi, which has led to the setting up of technology centers like Info-Park in Kakkanad and Cochin Special Economic Zone (CSEZ) on the Seaport-Airport Road. This has led to an influx of IT companies and software professionals from across the country. To house these professionals, there is a need for more housing complexes and residential spaces. There comes the demand for apartments and Flats in Ernakulam. The city also has several infrastructural projects in the offing that surely adds to its appeal. Projects like Kochi Metro and LNG terminal adds to the developmental drive experienced by the city. Being easily accessible by air due to the presence of the International Airport makes it a favourite place for setting up offices for the international and national businesses. Several companies have set up base here in Kochi.
Ernakulam is also the darling of its NRI population, which is investing heavily in its real estate land and property. The comforts and lifestyle provided by Kochi in Ernakulam is unmatched. There are international shopping chains, restaurants, multiplexes, hospitals, schools and everything that is needed for a comfortable living, at par with those of the metros. NRIs prefer Kochi to various other cities in the state owing to the high standards of living it offers. They are willing to buy land and property at any rate which has pushed the property prices further.