With Kochi Metro and many other prestigious developments on the anvil, Kochi property prices and apartment prices have already started skyrocketing each day, and may continue to increase in the coming years. Kochi is now one of the fastest developing metros in South India, and is home for more than a dozen of attractive and profitable real estate projects, each worth many crores of rupees.
There are many reasons behind Kochi’s meteoric rise in to the vanguard of real estate sector in the state. The most important one among them is the impressive line of developments that are coming-up in the city. Added to that is the arrival of some of the major IT companies in India, like Wipro and Infosys, and the success of domestic IT businesses, which has raised the city to one of the top IT hubs in India, along with creating a huge amount of job opportunities. Many people from far off places have started migrating to the city, making Kochi their new abode, the reason why Kochi realtors have now shifted its focus from the affluent NRIs to the average working class.
Builders in Kochi have are now keen on constructing affordable housing projects that can help meet the expanding needs of the working class people who have keenly started investing in Kochi real estate sector.
After a brief null due to the aftermaths of global recession, Kochi real estate sector has now started enjoying a steady and balanced resurgence, and is focussing to keep-up with the growing demand for affordable housing projects, including flats and apartments that cost below thirty lakhs, to cater to the needs of the major share of working class people in the city.
