Changing of Real Estate scenario in Cochin

Day by day Cochin is developing all major industries. The beautiful port city of Cochin becomes striking abode to live.  The demand for residential spaces as working space in the Cochin city has initiated by the builders in Kerala for a number of shelter projects like flats, villas, apartments etc. The main of the builders is to make your dream comes true that was your dream home.  The real estate in Cochin  provides an urbanized and modern ambiance in Cochin: the USP of the real estates in Cochin  is its affordability and maintenance.  The city of Cochin is marked by luxurious villas, flats which are spread across the city. There are other industries flourished throughout Cochin. There are many premium builders in Cochin where they provide apartments along with various facilities like children’s park, Gym, swimming pool, in-house club, helipad etc. 

Real Estate and Builders In Kerala

The city Cochin is termed as the Queen of the Arabian Sea and today its became most tourist destination in Kerala. Today city ranks more number or builders and some of them are top builders in Kerala. Real estate in Kerala regularly updates their development changes for the real estate industry. Due to the updating of the trends of real estate, the industry has been successfully changed. The scenario of real estate in Kochi entirely changed the whole life style of citizens. People migrated their shelter and moved to luxury apartments and flats.

Real estate mafias are boomed to Kochi, and make our state into a developed state. The demand for individual homes in metros and surrounding townships especially major towns in Kerala like Kochi, Thiruvananthapuram etc. has increased rapidly due to job migration which is the result of globalization and development of more IT based business. Real estate helps builders and developers to build their bright future and makes a good way of business in Kerala. Apart from that Kerala apartments and flats are available in several ranges. This means people can choose from luxury to utility apartments, the spectrum of options that have been made available to them by Kerala builders is astounding.

Property Prices Increase in Major Cities Despite Sluggish Market

The property market is going through a roller coaster ride regarding the prices in major cities in India. For the last few years, the market has come down a good percentage points compared to previous years. The economic crises of 2008s did not affect the market as such, and the property prices were stable. However, the prices are not a stable count for the last few years.

There are couple of reasons for that, the major one being the crisis in the domestic economy. The economy is hardly growing for the last few years and it has directly affected the market. There are not too many mega infrastructure projects coming and the real estate sector is not growing. 

The property boom in Kerala was always pushed by the NRI money that flows from the Gulf in billions every year. For couple of years, that money has also skewed and the fund flow is not coming. This has also affected the land market in Kerala. However 2014 estimated to be a good year for the market in general since this is an election year. The new government is expected to give big boost to the economy by some huge infra projects and some monetary policy changes.

Nedumbassery - Next Real Estate Hotspot

Real estate sector is on a come back stage in Kerala. With the local economy looking up, more and more people especially from abroad are looking for investments in Kerala real estate sector. Thousands of crores are basically spent on buying land and building houses if not bungalows for the NRKs who visits the state on their yearly holidays. Among the major cities in Kerala, some particular places are also favourite for real estate investors. One such place is Nedumbassery, where the famous Cochin International Airport is located.

Once a rural village with just endless green paddy fields, Nedumbassery has transformed into a huge happening place with various 5 star hotels and resorts, international conventions centre, 18 hole golf course and many luxury apartment and villa projects from major real estate companies in the country.

Flats in Nedumbassery are a good investment for long term investors. The place will be hub for various industries in the future for IT and Aircraft industries. So invest your money wisely.

Taurus Investment Holdings to Invest in Kerala

Taurus Investment Holdings, the German-American commercial real estate developer is investing Rs. 1200 core in Trivandrum, near the IT hub Technopark. This will be Taurus Investments first India venture, for which negotiations are in advanced stage with the Govt. of Kerala on leasing the 19 acre land near the Technopark.

Taurus is planning a world class townships model generating 25,000 direct and 75,000 indirect job opportunities for locale, and is planning to complete the project by 2016. Taurus have huge plans for India, and are also contemplating other real estate projects in Bangalore and National Capital Region.

Read more about this development in http://articles.economictimes.indiatimes.com/2014-03-13/news/48189600_1_kerala-government-kerala-capital-technopark

Kerala Real Estate Sector - Challenges Ahead!

Do you think that Kerala real estate sector can bounce back from the slump it is going through this period. Well, the sector will bounce back because of two major reasons. The major one being the NRI money that is pouring in to the Kerala real estate sector year after year. Lakhs of NRKs are working in different parts of the world are investing in Kerala by buying lands, building bungalows, investing in flats and villas as a long term investment.

Top builders in Kerala are coming up with many projects to cater to the same buyers who are residing in various parts of the world. Keralities settled in Europe, Australia and U.S are more affluent when compared to the crowd in the Gulf. These people buy land mostly in their village and build huge mansions to enjoy while they are on yearly holidays. That’s the reason why the land prices in some rural places are also on the high side.