Kochi, nicknamed as the queen of the Arabian sea, is the commercial capital of Kerala. Professionals, businessmen, and students flock from across the world to Kochi to see what the city has in store for them. The warm currents of Kochi greets everyone with a smile, luring them into staying for long. With rent for flats in Kochi scoring new heights, most immigrants are thinking about buying an apartment rather than drilling a hole in their pockets every month. If you are one among them, this article is for you. 

As there are many Builders in Kochi, before buying a flat it is important that you take these factors into account. Or else, you may fall prey to the apartment hoaxes and frauds doing the rounds in the city. 

Things to Consider Before Buying an Apartment in Kochi

Know your Budget & Requirements

Apartment hunting without keeping up with a budget is not much different from driving blindfolded. Understand your family requirements and set a budget before hopping from builder to builder. 

If you are a family of 3, you may not need to invest a hefty sum in a 3bhk apartment. You could just go for a 1bhk or 2bhk house depending on your budget. If you don’t cook a lot at home and prefer to order in or dine out, you may also consider buying a studio apartment. Studio apartments are more affordable and convenient for newlywed couples. If your entire family is moving in, compromising on the number of rooms won’t be a wise idea. 

So, get your family together and gain a good grasp of your living requirements. If it matches your budget, go for it. 

Location

You fall in love with a comfy apartment in the city suburbs and jump into buying it before seeing how far it is from your office. You are late to the office every single day that you get finally dismissed from the company! Now, what use is buying an apartment in the city when you don’t have a job?

Location is a crucial factor that you can’t turn a blind eye to while buying an apartment in Kochi. Traffic in Kochi can be quite overwhelming, especially during the mornings and evenings. Pick a location that doesn’t put your job at risk. Also, make sure to check if there are hospitals, schools, and supermarkets nearby. 

Rules and Regulations

We haven’t still recovered from the dire consequences of land encroachment Maradu flat owners had to witness. Rules and regulations regarding land encroachment in the city are quite stringent. But does that stop builders from engaging in illegal activities? Definitely not. Keep a watch for them and hire legal advisors before putting a seal on the deal. 

Buying a flat in Kochi to escape from the strong grips of the ceaseless rent cycle is a wise decision. Before looking up for flats for sale in Kochi, make sure that you take the above 3 factors into consideration to avoid legal hurdles and regrets later.