The Kochi property market
The kochi property market is soaring high as the city is witnessing more and more people migrating to get employed and settle in the city. While many people purchase land and construct homes, most of them depend upon the real state builders in Kochi for ready to occupy villas, apartments and flats. The concept of a ‘dream villa’ is gaining momentum in the city. Both contribute equally to the mount of the property market in Kochi.
Many people including the NRIs have invested their share in Kochi real estate property market. Apart from a comparatively risk free field for investing money, real estate is an area where one can be more sure about yielding profits. In a city like Kochi, which is heading towards a metropolitan status, property dealers and owners are sure to benefit at least for a few more years. Apart from buying land and constructing ready to occupy homes, many of the real estate dealers purchase land and sell it again when the market price increases. This proves to be much beneficial.
Prices of properties in Kochi are seen fluctuating accordingly with the location of the property, nearby facilities, infrastructure available, etc. The demand for land and building near the IT parks in Kochi, as well as, near tourist locations in the city are high in demand. The real estate builders thus concentrate on such sites and sell their projects gaining considerable profits.
Apart from residential spaces, properties in Kochi are also usually sold out for business concerns, resorts, and luxury hotels.