Post by merinc on Apr 18, 2012 4:00:21 GMT -5
The swift development of IT field in Cochin has its major role in setting the recent trend of owning or renting apartments in Cochin. Many are employed in IT sector in the city and many still are aspiring to pursue an IT job. These professionals and job seekers migrate from their home towns to Cochin and reside in the city. As a result, the population of the city is on a constant rise. Lack of time to buy land and build own homes have persuaded many to prefer ready to occupy homes. The ‘apartment cochin’ advertisements from builders in Cochin thus grab the attention of the people and most of them choose the option readily.
Costs of the apartments in the city vary with the amenities and facilities available in them. Builders classify them as premium and luxury type, in which the former costs comparatively lesser. Location of these apartments also influences their price to a great extent. Those located near the IT parks and multinational companies are in high demand and so are priced rather higher. Similar is the case with those situated in the tourist locations. Since Cochin is a city where one can find the aesthetic beaches as well as historic monuments, people compete to own an apartment in such locations.
Furthermore, apartments in Cochin have become more than a residence. Many people own these apartments with investment prospects. Real estate in a city like Cochin, which is heading towards attaining a metropolitan status, promises great profits for the investors.
Costs of the apartments in the city vary with the amenities and facilities available in them. Builders classify them as premium and luxury type, in which the former costs comparatively lesser. Location of these apartments also influences their price to a great extent. Those located near the IT parks and multinational companies are in high demand and so are priced rather higher. Similar is the case with those situated in the tourist locations. Since Cochin is a city where one can find the aesthetic beaches as well as historic monuments, people compete to own an apartment in such locations.
Furthermore, apartments in Cochin have become more than a residence. Many people own these apartments with investment prospects. Real estate in a city like Cochin, which is heading towards attaining a metropolitan status, promises great profits for the investors.