Builders have high time in Cochin

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Builders have high time in Cochin

Post by serfgtyl on Tue Jun 05, 2012 7:36 pm

Real estate sector in Cochin is booming since the development of the IT field in the city. More people, especially the youngsters, are keen to choose IT as their career. In pursuit of an IT career they migrate to Cochin, temporarily or permanently. Many of them opt for ‘builders cochin’ and choose a ready to occupy home from their ventures. Demand for luxury apartments and villas are thus on the rise. Builders in Cochin nowadays follow traditional style in the design and architecture of their ready to reside homes. It creates a nostalgic or a ‘feel at home’ sentiment among the people and the builders have, to an extent, become successful in persuading them to purchase a home from them.

Cochin is a city which preserves its aesthetic tourist spots and historic monuments, along with the recently booming IT parks and malls. Hence, residential spaces near both these areas are much in demand. The home loan offers provided by many of the banks have become a boon for the builders in the city. Even though the villa, flat or apartment is priced a bit higher than their affordability, people make use of these loans and purchase them. Moreover, these loans are beneficial in order to avail exemptions during tax deductions.

Investment prospects too are high in the real estate sector in Cochin. Since the city is all set to follow the footsteps of the metropolis, many foreigners and NRIs too are coming forward to have dealings with the real estate builders in Cochin.

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