Anup Mathew, Mumbai
Q: Hi there...I am considering investing in Kochi. Is it a good option. Please provide an investment advice for buying a residential property in the area of Kochi. Any info would be helpful for making my decision.
My replies to this discussion
Kochi is an overpopulated city. If you are looking at an investment then you should consider neighboring locations that are 25 to 30% cheaper. You can invest the savings in an FD and reap benefits. I doubt the prices will go any higher due to oversupply of units and reduced cash inflow. It is a stable market with the only possibility of a downward trend, as the markets had reached a peak in 2013-14. The trends you see online are not accurate and are marginally influenced. If you personally visit the registrar's office, you will see the transactions have reduced by over 75 to 80% yoy. These are basic signs for not investing in an overpopulated city.Kochi is an overpopulated city. If you are looking at an investment then you should consider neighboring locations that are 25 to 30% cheaper. You can invest the savings in an FD and reap benefits. I doubt the prices will go any higher due to oversupply of units and reduced cash inflow. It is a stable market with the only possibility of a downward trend, as the markets had reached a peak in 2013-14. The trends you see online are not accurate and are marginally influenced. If you personally visit the registrar's office, you will see the transactions have reduced by over 75 to 80% yoy. These are basic signs for not investing in an overpopulated city.
Ask a Question
120 Characters Left





    Trending Categories

    CommonFloor Property Search Mobile App now available on Android, iOS and Windows!