Post by joelhark on Aug 22, 2011 4:39:00 GMT
The recent developments in Cochin are a result of the thrust from NRI remittances and the tourism sector. Cochin is flanked on one side by water and is blessed by natural beauty. The real estate prices in Cochin have reached soaring heights. The prices have increased from Rs 25,000 to Rs. 2 lakhs for a cent in the neighboring places of Edappally and Thripunithura.
The builders in Kerala are seeing lot of opportunities in Cochin. They have begun to concentrate in building apartments in Cochin due to the constraint on space and the growing demand on housing units. Local builders are trying to attract customers by providing top-of-the-line fittings and lifestyle add-ons like clubs and swimming pools. With the increase in the earnings of people, they have started preferring these homes for security and convenience that is offered. Even the national level developers are now investing in Cochin due to the Cochin Real Estate market. The real estate prices in Kochi are zooming upwards as large scale companies are relocating to the city. The city is absorbing satellite townships as better connectivity is helping them with easy access to the new IT locations.
About 400% of appreciation in land prices in Cochin was observed in the year 2005. The locality around NH 47 bypass road is strongly competing with the locality near M.G. Road, the city’s business district. A cent on M.G. Road would cost around Rs. 1 crore, which is the upper end of the property prices in Kochi. The land of Cochin holds a lot of promise for the builders in Kerala.
The builders in Kerala are seeing lot of opportunities in Cochin. They have begun to concentrate in building apartments in Cochin due to the constraint on space and the growing demand on housing units. Local builders are trying to attract customers by providing top-of-the-line fittings and lifestyle add-ons like clubs and swimming pools. With the increase in the earnings of people, they have started preferring these homes for security and convenience that is offered. Even the national level developers are now investing in Cochin due to the Cochin Real Estate market. The real estate prices in Kochi are zooming upwards as large scale companies are relocating to the city. The city is absorbing satellite townships as better connectivity is helping them with easy access to the new IT locations.
About 400% of appreciation in land prices in Cochin was observed in the year 2005. The locality around NH 47 bypass road is strongly competing with the locality near M.G. Road, the city’s business district. A cent on M.G. Road would cost around Rs. 1 crore, which is the upper end of the property prices in Kochi. The land of Cochin holds a lot of promise for the builders in Kerala.