BG, Kochi
Q: I am thinking of investing in an apartment in Elamakkara, Kochi. What are the potentials of development in this area? Does this are face any civic issues? What is the standard sqft rate for a good and reputed builder with a project with good amenities? Further, what is the standard system for the payment schedule? If it is a new project probably for 3 yrs, how much would normally a developer expect the customer to pay in first year (%)?

Latest Answer: It is imperative that the infrastructure of the area gets a face-lift in terms of better facilities and amenities. This would invariably enhance the demand for residences among buyers and end users. Considering that it is an area that is tucked away from the hustle and bustle of city life, it is an ideal destination for leading a charmed lifestyle. The area is expected to witness an upsurge in residential demand provided the infrastructure development gathers pace and catches up with many other prominent micro-markets in Kochi. This could bring in many high-profile developers to launch prestigious residential projects in the area, thereby resulting in appreciation in residential values.

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