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Post by dermin on Nov 1, 2011 0:59:31 GMT -5
The rise of IT sector in Kochi has persuaded many to settle in the city. Many from outside Kerala are also shifting their residence to Kochi, in pursuit of a promising career and lifestyle. More residential spaces are necessary since the city has to accommodate all the migrants too along with the natives. Real estate builders are thus busy in constructing apartments in kochi anticipating high profits, since the demand is constantly increasing. Though the costs of luxury apartments are high, people demand for such ones. They compete to own the best one available. The apartments located in the heart of Kochi or near the IT parks and firms, cost higher. Those near aesthetic, historic and tourist spots in the city are also highly demanded and hence, cost more. Many people own apartments in Kochi with investment prospects too. They want their wealth to remain in land and building, which is comparatively risk free. They opine that investing in a rapidly developing city like Kochi will definitely offer more profits. NRIs too have started following the trend. Spacious rooms and visually appealing interior designs are two of the major factors that people look for while selecting apartments for residing. Round the clock electricity, water supply and security are some among the benefits of dwelling in apartments that are listed by the people and builders. Eco friendly designing of apartments, in which maximum sunlight and fresh air enters the rooms have also become the trend of the day. These help in conservation of energy.
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