Q: Helo, how is the real estate market in kochi as of now? Are there any more investments in the city? I heard that the Skyline builders are planning for some investment in the city.
This is true. Looking for some affordable housing units or residential projects in the city of Kochi is retty tough right now, as many people are moving into the city and are looking for property in here. Also, the NRIs are also looking for investment in some property in here, which is why the prices of residential projects are going up so high.
But the Skyline builders are not so keen on providing some affordable housing units in the city.. They have stated that the skyrocketing construction prices and land costs, heavy taxes being levied by government and high bank interest rates as reasons.
Now after that the Kochi Metro Rail project is going on and the work has started in the city, it is actually pretty tough for the builders to start any kind of construction as this may come in the way of the Metro Rail construction in some places.
Yes, but after the completion of the Kochi Metro Rail projetc, it will be easier for the areas and municipalities that are located at the outskirts of the city and which are not really developed to see some developement in terms of the real estate developement and will probably see some housing units coming up as well.
It is the silver jubilee year for the Skyline Builders this year, and they are planning to invest in some more property. The group of builders began operations in Kerala in 1989 and has developed 1.3 lakh square feet built up area, completed 110 residential projects, besides 24 ongoing projects, across 10 cities,
Helo, Yes you have heard it right. The Kerala based Skyline Builders is planning to invest Rs 2,500 crore over the next five years and eyeing tier-II and III cities of Kerala for expansion. The Skyline Builders have been in the business for a long time now and they have many reputed projects to their credit.