Articles

Flats in Kochi

by Sanjay P. self employed

Kochi is one of the fastest growing cities in Kerala state. It is also the financial capital of Kerala. It was a trading hub for several centuries and it is still today. The ever increasing economic activities have caused an increase in the number of people moving into Kochi. As a result finding accommodation for this increasing population has become a necessity. Like other cities there is a shortage of land. This is the reason why a number of flats and buildings are being constructed in this city. Many builders have come up with new projects in the city. Majority of them are flats in high rise buildings. Many of these buildings come with many modern facilities. Facilities include car park for visitors and residents, play area for children, gymnasium, swimming pool, indoor play area for children, Hall for conducting parties etc. Depending upon the facilities provided, the cost may also increase. Flats and buildings without these facilities are also available. The cost of such flats may be less than that of buildings with all modern amenities. The cost of flats is also dependant on several other factors also. Proximity to major roads, access to transport facilities, shopping malls etc also play a vital role in determining the cost of the flats. Reputation of the builder is also an important factor to be considered when purchasing flats in Kochi. Another important factor to be considered is the availability of water. Some flats are situated in locations where fresh water is readily available. Such flats may also be equipped with their own water purification systems. However most of the flats purchase water from outside as well. In some locations water supplied by the city corporation may be not sufficient to meet the demand. In any case it is better to ensure that the building is equipped with water purification systems.

            In addition to finding a suitable residence many people in Kochi purchase flats for investment purpose also. Due to the increasing price of flats, some people have also invested in flats expecting to gain returns in future. Although the rent available in Kochi may not justify investing in flats, they hope to gain by selling their flat at higher price in future.  There are also non resident Keralites who work abroad and buy flats in Kochi. Even though they work abroad they wish to stay in their own flat in Kochi. There also some non residents who rent out their flats.

 


About Sanjay P. Freshman   self employed

13 connections, 0 recommendations, 40 honor points.
Joined APSense since, February 22nd, 2013, From Kothamangalam, India.

Created on Dec 31st 1969 19:00. Viewed 0 times.

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