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Kochi – The Rising Real Estate Market

Posted by gladrealtors on December 17, 2015
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Kochi also popularly known as Cochin is the capital of the Kerala state. It serves as an important city along the western coast. It is widely acclaimed as the “Queen of the Arabian Sea” located in the central region of Kerala. This beautiful city is set aptly on a group of islands with breath taking landscapes and exotic beaches. It has a perfect blend of natural beauty with its backwaters and beaches, historical places, ancient churches and a cosmopolitan city center feel with tall buildings, spectacular homes and office space. Kochi is among the favorite tourist destination for many people.

Kochi, one of the largest Indian cities and a thriving tourism hub has excellent transport connectivity by road, rail and air. It has turned out to become an urban city with the convenience of attractive residential areas as well as commercial setups. The hospitality department is also high class with top rated star hotel across the town. The city is well advanced with 100 percent literacy rate and offers highly skilled and qualified workforce. Due to the booming IT sector, the real estate sector has also witnessed a phenomenal growth.

The residential arena of Cochin is in a massive development spree owing to the high demand from the NRI’s and other investors. More than 2 million NRI’s are making big investments in the residential sector to own luxury and classy apartments. Today’s generation are savoring the taste of luxury are looking for similar housing facilities that would offer them comfortable living at high standards.

Some of the factors that have caused the real estate market towards today’s trend are:

Rise in the disposable income of public
Property prices set at affordable prices
The expansion of the IT companies
NRI Investment in the real estate market
Real estate market on a growth spree
This port city has been ranked in the top order for potential investment in the IT sector by NASSCOM organization. Another fascinating project on the pipeline is the Smart City a project of the Dubai internet city which is expected to drawn in huge investment. The real estate experts predict an appreciation value of 12-15 percent in the upcoming years.