Property Potential in Kochi

The real estate sector in Kochi seems to be getting very mature. Demand is rapidly increasing for land and developers have started many residential projects around the Kochi metro project. But the demand is more for fully furnished 2bhk apartments close to IT companies which costs about 50,000 bucks a month that youngsters usually rent on a sharing basis. But you also get rates like 8000 bucks in places like Kadavanthara and Kakkanad or 45000 rs in Marine Drive. The strict building rules have been ammended 3 years ago and because of that 40% of residential homes have not been sold cause of over supply. And the rate of investement in the outskirts of Kochi is only 15 to 20% because of poor infrastructure. There are negative points as well but the advantages of investing here outweigh the disadvantages. Think about it :)