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The appreciation for Cochin’s residential market is growing 15-20% every year. This is primarily fueled by the boom of outsourcing. Market analysts have predicted that it will continue to improve for the coming years. There are many residential and commercial properties in Cochin that has been tremendously developed but they are still in the development process.

New IT companies have established their home base in Cochin and therefore they will require commercial as well as residential spaces for their employees. Now that would make Cochin a very attractive opportunity for investment. In fact, there are already plenty of real estate developers in India that have launched their projects in Cochin.

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Cochin is recognized as “Kochi”. It is a beautiful city which is located in the south western coast of India. This city has lovely boats, coconut trees, and breathtaking scenery of the Arabian Sea. Compared to other tourist places in India, Cochin is cleaner and quieter. Rainy season lasts from June to September while the average temperature is from 22-34 degree Celsius. Real estate is booming in Cochin, and the flats are near the international airport. These are the reasons why it is best to own a property in this area. There are gorgeous farm houses, sea or lake front properties, estates, and great luxury apartments.

Image source:www.bhg.com
The bow window in the living room reflects the Edwardian style of the flat. A simple sofa and love seat create a cozy conversation group. Most of the house wears flirtatious shades of green, butter yellow and pale aqua.

Homemade Style
When the homeowner couldn’t find the perfect coffee table, he designed this one, which has a plywood top set on a steel truss with casters.

Makeshift Side Table
A pair of wrought-iron end tables, set side by side, makes a spacious end table next to the love seat in the living room. The grouping of vases and pots, which William collected over a number of years, are united by their pleasing range of neutral tones.

Computer Concealed
The home office includes two computer stations that can be concealed behind the doors. A tinted green panel slides to reveal the work station and hide the bedroom. A series of storage spaces, cabinets, and movable doors allow the office disappear after hours.

Staggered Solution
Staggered filing cabinets are a great solution for an angled window.

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Because of rising land costs in Jaipur, the real estate focus has already shifted to peripheral areas. However, this has only been true to real estate developers and not from the end users themselves.

According to a Narvik Nirman employee Vivek Jain, there are a lot of developers launching township projects but the one making speculative investments are mainly investors rather than the end user. Peripheral areas usually lack infrastructure facilities and connectivity. For the middle income group, it is very difficult to choose between the periphery and the city because they cannot afford a car to travel long distances like the upper income group.

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There are a lot of integrated township projects in Jaipur that are hosted by metropolitan as well as local city developers like Parsvnath, Ansals, Vatika, MGF, DLF, Suncity, Omaxe, Narvik Nirman, and the Narayan group. The average cost per unit is ranging from Rs 1,500-1700/sq ft as compared to the city where the prices are between Rs 3,500-4,500.

Also, the Unique group has launched a township in Ajmer road with 3,500 units. These units include 3BHK (18 lakhs), 2 BHK (15 lakhs) as well as studio apartments (8 lakhs). Also, Narvik Nirman launched their Pearl Springs project with 3BHK (1,450 sq ft) for Rs 20-22 lakhs and 2BHK (1,040 sq ft) for Rs 16 lakhs.

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Jaipur is both a hi-tech and a heritage city. As such, its real estate market was always attracting end users as well as investors. The majority of buyers are the middle to upper middle classes, and in the last three years, residential values have escalated three times already.

A significant trend in the residential market of Jaipur is the fact that people are now moving up from villas to apartments, maybe primarily because of security or safety. In fact, Jaipur Development Authority said that two to three years back, the thrust was in plotted development, but now there is an apartment craze going on.

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There is an expectation that Cochin’s apartment units will reach 100,000 within the next few years. The flow of money generated in Cochin real estate does not only come from Indians. In fact, foreign investors are also attracted in this investment opportunity.

However, buying real estate is a big decision for anybody. The first thing you need to do is check some online real estate resources for investment to get the best property price before you take the plunge. If you can’t afford to settle the full payment, you can apply for a city home loan or look for the best financing option available in Cochin.