Good access to schools, hospitals, transport

New Independent House, Edakochi – 3 BHK, Vastu Compliant

Kerala, Ernakulam, Edakochi, 682010

₹ 35,000,000 3.5 Cr

Property Highlights

7.5 cents

Plot Area

Bedrooms

Bathrooms

1900

Sq.ft

Parking

1430

Property ID

Discover the Space

Discover a remarkable independent house in the prime locale of Edakochi, Ernakulam, ideal for discerning investors. Completed in 2023, this newly built, west-facing residence encompasses 1900 sq ft across two meticulously designed floors on a generous 7.5-cent plot. The spacious layout features 3 bedrooms and 3 bathrooms, complemented by modern conveniences such as fitted cupboards, fans, an essential compound wall with gate, and sustainable amenities like rain water harvesting and open well water, ensuring comfort and vastu compatibility. With parking for two vehicles, this property represents a significant asset in a sought-after postal code.

Loan Calculator

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Down Payment 20%

Interest Rate (p.a.) 8.5%

Loan Tenure 20 years

Loan Amount 50 Thousand

Interest Rate (p.a.) 12%

Loan Tenure 5 years

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Total Payment: Calculating...

Total Interest: Calculating...

📍 Neighborhood Infrastructure Analysis

New Independent House, Edakochi – 3 BHK, Vastu Compliant

60/100

Good★★★☆☆

Based on 4 infrastructure categories

🏥

Healthcare & Wellness4 nearby

70/10

Good medical facilities available in the area.

4 healthcare & wellness

Homeo Clinic(1.2 km)
Fatima Hospital(1.49 km)

🛒

Shopping & Retail1 nearby

50/10

Basic shopping options available.

1 shopping & retail

Corporation Market(0.83 km)

🏦

Banking & Finance1 nearby

50/10

Basic banking services nearby.

1 banking & finance

Hdfc Bank(0.53 km)

🕌

Religious & Cultural4 nearby

70/10

Good cultural facilities available.

4 religious & cultural

Sree Krishna Swamy Temple(0.74 km)
St. Mary'S Church(1.1 km)

Quick Facts

Listed byAgent

Year Built2023

Property TypeIndependent House

Total Floors2

FurnishingSemi Furnished

Frequently Asked Questions

Data enriched FAQs with helpful insights and visuals

What is the sale price of this Property?

This Property is priced at ₹3.50 Cr. This works out to approximately ₹18,421 per square foot. The price may be negotiable based on market conditions, property age, and your payment terms. Contact the seller to discuss financing options and potential discounts for cash buyers or quick closures.

What is the built-up area of this property?

The built-up area is 1,900 square feet. This spacious layout offers ample room for comfortable living, entertainment, and family gatherings. This includes all rooms, corridors, balconies, and covered spaces as per the approved building plan.

Can I get a home loan for this property?

Yes, banks and NBFCs offer home loans for this property. Based on the price of ₹3.50 Cr, you'll need a downpayment of approximately ₹70.00 L (20%). For the loan amount of ₹2.80 Cr at 8.75% interest rate for 15 years, your approximate monthly EMI would be ₹279,846. Over 15 years, you'll pay ₹5.04 Cr in total (₹2.80 Cr principal + ₹2.24 Cr interest). Current interest rates range from 8.5% to 9.5% depending on your credit score, bank relationship, and loan amount. Compare offers from SBI, HDFC, ICICI, Axis Bank, and LIC Housing Finance.

Is the listed price negotiable?

Yes, property prices are often negotiable. In this market, deals typically close 2-6% below the asking price. For this property listed at ₹3.50 Cr, you could realistically negotiate to ₹3.29 Cr - ₹3.43 Cr, potentially saving ₹7.00 L to ₹21.00 L.

Price Negotiation Scenarios

Negotiation success depends on several factors: property time on market (properties listed 90+ days see higher negotiation), seller urgency, your payment terms (cash buyers have more leverage), market conditions, and property condition. Get a professional valuation (₹5,000-10,000) to strengthen your negotiation position. Research recent sale prices of comparable properties in the area. Make your first offer 7-10% below asking and negotiate from there.

What is the annual property tax?

For this property in Panchayat, annual property tax is calculated on Annual Rental Value (ARV). With a property value of ₹3.50 Cr, the estimated ARV is ₹21.00 L (6% of property value). Panchayat tax rate is typically 3-5% of ARV. Your annual property tax would be approximately ₹63,000 to ₹105,000.

Property Tax Component Breakdown

Tax is payable in half-yearly installments with 5-10% rebate for advance full-year payment. Vacant land attracts lower tax. Keep tax receipts updated for loan eligibility and future sale.