Post by dwerin on Jan 10, 2012 5:45:23 GMT -5
The kochi property market is all set to bring about a new trend and surge in the real estate sector. The success of the IT sector in Kochi is among the main reasons for such a boom. The increasing number of IT hubs and multinational companies has created many job opportunities. Many people nowadays like to pursue an IT career. People from all over the state migrate to Kochi in pursuit of such an opportunity. They approach the builders in the city, demanding for a residential space. The builders offer them a wide variety of ready to occupy homes to choose from. They offer homes in different price ranges.
Most of the banks now offer loans with easy repayment schemes. This is boon for the people. They can make use of it if they experience shortage of capital to make the purchase. Moreover, they can also get tax benefits from these home loans.
Since, the IT sector is expected to soar higher in the coming years, Kochi real estate promises high investment returns. As such, the NRIs too have started to choose investing in the properties in Kochi. Many have entered directly into the real estate market in Kochi. Property in the city is not only demanded for residential purposes, but also for commercial and business spaces. The construction of IT parks, shopping complexes, etc also bring profit for the builders.
Apart from purchasing, leasing land and property is also widely practiced in Kochi. Properties are leased out for a stipulated period of time, especially for business purposes.
Most of the banks now offer loans with easy repayment schemes. This is boon for the people. They can make use of it if they experience shortage of capital to make the purchase. Moreover, they can also get tax benefits from these home loans.
Since, the IT sector is expected to soar higher in the coming years, Kochi real estate promises high investment returns. As such, the NRIs too have started to choose investing in the properties in Kochi. Many have entered directly into the real estate market in Kochi. Property in the city is not only demanded for residential purposes, but also for commercial and business spaces. The construction of IT parks, shopping complexes, etc also bring profit for the builders.
Apart from purchasing, leasing land and property is also widely practiced in Kochi. Properties are leased out for a stipulated period of time, especially for business purposes.