Cochin real estate market symbolizes the modified facet of Kerala economy which was largely dependent upon micro industries and agricultural sectors. A deluxe residential apartment in Cochin has now become the prerogative of rich people possessing unbound wealth. Although new economic scenario offers diverse investment opportunities, most Keralites consider land and property investments as most convenient. It became a major business area with the introduction of private real estate builders pioneered by Non Resident Keralites. The ancient town of Cochin offers numerous luxury apartments, residential plots, plantations, and farm houses. Cochin real estate market witnesses a yearly growth of twenty percent and it is expected that it will continue for a couple of years.
Cochin real estate[/url] witnessed a boom in the recent years due to the development of city as an IT, corporate, education, and tourist hub. Commercial properties in Cochin were subjected to major developments in the previous years and new generation companies are establishing their bases in Cochin. They require a vast amount of space for commercial and residential purposes which will lead to the development of the City suburbs. Prominent real estate establishments started their residential projects in Cochin realizing the growth opportunities. The ‘India Shining’ story can be attributed with the explosive growth in real estate market of prominent Indian cities. If legal hassles and red tap are avoided, Cochin real estate market will receive more and more investments in near future too. Statistics by non governmental agencies indicate that the number of residential apartments in Cochin will exceed 100000 in few months
.
