Marley
Joined: 21 Feb 2008
Posts: 1
|
| Posted: Thu Feb 21, 2008 6:19 am Post subject: A boom worth reckoning |
|
|
When considering the developments in Real Estate Kochi is different from the other parts of Kerala due to a host of factors. Kochi, the commercial capital of Kerala, ‘the God’s Own Country’, was the most happening city in Kerala since time immemorial. True to its tradition, the real estate scenario in Kochi is witnessing phenomenal changes not seen anywhere else in this part of the country.
The rising land prices in Kochi with no signs of any deceleration and has few precedents in any other part of Kerala. The confidence of the building community in investing in Kochi stems from this one fact. The promise of assured returns within a short time has drawn not only the real estate developers from outside Kochi, but also real estate developers from almost all parts of India as well.
Today owning or buying land in prime locations is possible only for leading businesses and successful entrepreneurs. However the real estate developers have tried to solve this problem by building upwards and thus making available living and office spaces in prime locations.
It is a fact that the real estate boom in Kochi can be sustained only by building upwards. The real estate developers in Kochi have rightly tried to fulfil the dreams of Le Corbusier who visualized the growth of mega cities upwards to as much height as possible so as to enable quality living spaces for people who wish to be part of the urban areas. Today the skyline of Kochi is undergoing a rapid transformation and a city resident who is on a return visit after spending many years abroad, may lose his way because of the rapid changes in the look and feel of the city. |
|
