In early 2000, Kakkanad was only one among a developing village/ panchayat in Kerala, which only had the collectorate to point out as a major landmark. But, today, in contrast to it’s past, Kakkanad has a special place in the changing map of Kerala. Today, the small town of Kakkanad has all the amenities to cater to the needs of the young generation with shopping malls, restaurants, cafes, football turfs, and many reputed schools, colleges, hospitals, etc that promise a quality lifestyle.
With the announcement of smart city in 2003, there was a significant boom in the IT sector, that changed the face of Kakkanad with several residential apartments and commercial hubs of activities including Infopark coming up. Subsequently, land price was also on a hike as it jumped from Rs. 35000/- per cent to Rs. 15 Lakhs per cent even for an interior location.
In the first phase, various reputed companies like TCS, Wipro, E&Y, etc in the Infopark & smart city premises have around 50 thousand IT professionals working there. Now, the second phase of Kakkanad development that has Water Metro, Metro services and Expressway starting from Vyttila-Edapally By-Pass in its list of massive infrastructure development program is under progress and is anticipated to be completed by 2021-2022. Meanwhile, on the technology side, great projects like Sands Infra Twin towers (around 37 Lakhs Sqft.), Prestige, Marattukulam, etc which are around 15 Lakhs Sqft of IT space and projects in the second phase of Infopark and many more are on the way.
Definitely, there is going to have a huge demand for good accommodation in that area as around 75,000 to 1 Lakh IT professionals are to join the already existing workforce. On analyzing the available options for accommodation, it is just enough for the current community. A 2 or 3 BHK flat have rent between Rs. 15000/- to Rs. 20000, an inflow of more professionals is sure to increase the demand.
We were always with Kakkanad development. Now, we are proud to be a part of the second phase also. Our firm, well aware of the immense possibilities of investment in Kakkanad is happy to make it avail to you through our grand projects which are near and around info park phase 1, phase 2, and smart city. We have a range of products for all budgets and they are either being completed or under construction. These are nothing less than the best choice for an investor who follows the policy of “minimum investment, maximum returns’’ and here we would like to introduce you to our housing project SUNNYVALE (2,3 & 4 BHK apartments near Expressway, Infopark, Kakkanad).
SUNNYVALE is Kochi’s first sports-themed premium apartment that is in close proximity to Smart city and Infopark . All the facilities to lead a comfortable lifestyle is at a stone throw distance from the apartment as there are many highly reputed educational institutions, multi-specialty hospitals, Banks and ATM centers, Shopping Malls, Playgrounds, and Five-star hotels nearby. The apartment is designed to ensure convenience, safety, and privacy. We have made it sure to provide all the amenities, to support resource and waste management, Vehicle parking, Social life, and a healthy and happy way of living. The easy access to Cochin International Airport, Seaport- Airport Road, and NH Bypass at Palarivattam make it an ideal location with soaring appreciation potential. All housing projects of SFS have a steady and incomparable track record of value appreciation. To point out, over the last 7 years SFS Beverly park in Kadavanthara had a value appreciation of 7200 from just 4500 in 2012 and for SFS Boulevard Boutique Apartments in Vennala it’s 7000 from 4500 in 2013 over the last 6 years.
For a person who wishes to buy a home, no other time is more suitable with the PMAY scheme that gives credit on a discount of 2.6 Lakhs on apartment cost besides up to 3 lakh returns on income tax and additional 1.5 lakhs income tax benefits under certain criteria alongside ( this scheme is offered only up to march 2021).In case if you a have plan to rent it out, it will pay the lion share of your EMI and in case if you have to stay in a rented house, the rent being paid plus a few thousand will cater your EMI part and you will have your own address even after the sales.
Moreover, for a person with already a home buying a second house would open up doors to many avenues of investment. Owning a second house means adding up to your assets and a source of regular income. There is also a tax deduction on interest under Section 24 if you are taking a loan to buy the second house. You can get a tax deduction up to Rs. 2 Lakh if the house is not rented out towards the interest paid and a tax deduction up to the amount paid towards interest if the house is let out on rent.
Many now choose real estate as their best option for investment owing to its fast-paced growth and promise of profit. Taking the decision to invest wisely at a young age will be a decision that you won’t regret and it will also help you to learn better spending habits to be more responsible. Money spend on assets is not an extravagance it will always come back to fill your pocket in the future.
Besides the above-mentioned projects SFS has premium luxury apartments all over Kerala. SFS stands with their customers to help out with rental needs or any maintenance issues through our dedicated ‘After-Sales Team’. For enqueries feel free to call our sales representative.
To Know More Visit:- www.sfshomes.com
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