Q:What’s the rent trend in the city? I’m planning to buy a second property in Marine Drive and rent it out. What do you think guys, good idea? Suggestions are welcome.
Latest Answer: If you let out a regular 2bhk apartment near Kochi infopark, then you can charge upto Rs 16,000 if it is semi-furnished. If its fully furnished then you can charge up to Rs 20,000. If the apartment complex has amenities like gym, swimming pool, etc, you can even charge an additional Rs 2000 per month. Flats are generating more rent than houses, so I’d advise you to invest in flats only.
Q:Hi guys, I recently heard some news regarding Puravankara and Sobha builder in Marine Drive... is this true? What exactly are the details? I was planning on investing in this market, whom should I buy the apartment from?
Latest Answer: Ok so I think that it would be a good idea to invest in this upcoming project, simply because it has the backing of two major real estate developers of South India. Especially since Sobha builders are in the fold too, you wont need to worry about much... They will probably get the approvals from almost all the banks.
