Post by wilbur on Apr 12, 2012 5:23:00 GMT -5
Some of the causes that can be attributed to the unexpected raise in the real estate in Kochi can be the low rate of interest offered by banks. The real estate business has not been affected much even during recession and even the prices were start to be quite stable. There was a very minimal drop in prices in 2010; from INR 3000 to INR 1900 but soon the rates were again at a rise of INR 5200 by 2012. The demand for property in both residential and commercial sector has been increasing so much so that it has exceeded the supply.
A variety of reasonably priced housing projects are also been launched in the city and along the borders, many developers have grabbed this opportunity as there is a lot of unused land accessible for purchasing.
The rentals in Kochi have been increasing since 2010; the rates have moved from INR 9000 to INR 15000 for a 3 BHK, the rates can go up if the house has a parking space and if it is close to the commercial area of Kochi.
A variety of reasonably priced housing projects are also been launched in the city and along the borders, many developers have grabbed this opportunity as there is a lot of unused land accessible for purchasing.
The rentals in Kochi have been increasing since 2010; the rates have moved from INR 9000 to INR 15000 for a 3 BHK, the rates can go up if the house has a parking space and if it is close to the commercial area of Kochi.
