A fast changing arena – realty in Kochi

Kochi the most happening city in Kerala, the ‘God’s Own Country’ is now the cynosure of all eyes mainly due to the booming real estate sector and the apartment building boom. A global city and very much part of the global business culture, it is one of the few cities in India that is now reaping the impact of economic liberalization and globalization. When considering the real estate conditions in urban Kochi, it is now the favorite investment option for a majority of the business people from the state and from the country as whole.

The creation of high priced, high quality housing (property development) is not able to match the social needs of the people for affordable housing since a vast majority of the business people and entrepreneurs now demand living and business spaces which has far outstripped the supply.

The rapid and complex transformation in Kochi now presents cloudy images for social scientists who are now called upon to devise solutions to the newer social issues arising out of fast paced urbanization.

When comparing the Apartments Kochi has produced with those in other areas, several factors stand out that has fuelled investor interest. The apartments in Kochi has been seen to appreciate over a period of time mainly due to the economic boom and the frequent announcements of newer mega projects in this teeming commercial hub of Kerala. While in some cities in Kerala, housing apartments never appreciated once they were sold out, Kochi has proved to be an exception to this rule.