Real Estate In Cochin has recovered faster than the economy itself. Indeed, while prices have rebounded nicely, rents have been sluggish. A more important reason for real estate’s rise has been a flood of new investment capital. Some of this comes from individuals seeking better returns than they can achieve in the debt or equity markets. Capitalization rates yields have dropped over the past three years to near-historic lows. While this is the natural outcome of higher prices cap rates are the ratio of a property’s yearly income to purchase price it can also indicate that operating income hasn’t kept pace with the higher prices. This can make real estate less attractive to investors primarily interested in the cash stream. But the market is actually quite strong.


In 1947, India gained independence from the British colonial rule. Cochin was the first princely state to join the Indian Union willingly. In 1949, Travancore-Cochin state came into being with the merger of Cochin and Travancore. The King of Travancore was the Rajpramukh of the Travancore-Cochin Union from 1949 to 1956. Travancore-Cochin was in turn merged with the Malabar district of the Madras State. Finally, the Government of India's States Reorganization Act (1956) inaugurated a new state — Kerala — incorporating Travancore-Cochin (excluding the four southern Taluks which were merged with Tamil Nadu), Malabar District, and the taluk of Kasargod, South Kanara. On 9 July 1960, the Mattancherry council passed a resolution—which was forwarded to the government—requesting the formation of a municipal corporation by combining the existing municipalities of Fort Kochi, Mattancherry, and Ernakulam. The government appointed a commission to study the feasibility of the suggested merger. Based on its report, the Kerala Legislative Assembly approved the corporation's formation. On 1 November 1967, exactly eleven years since the establishment of the state of Kerala, the corporation of Cochin came into existence. The merger leading to the establishment of the corporation was between the municipalities of Ernakulam, Mattancherry and Fort Kochi, along with that of the Willingdon Island, four panchayats, and the small islands of Gundu and Ramanthuruth.