Jun 10, 2013
Dec 1, 2012
With no industrial history to speak of, the current developments in Kochi are driven by the thrust from NRI remittances. . Restricted by the sea on its western coast, Kochi is spilling over to the neighbouring towns and villages, where land prices have made impressive gains. Once considered distant, neighbourhoods like Edappally and Tripunithura have appreciated
The growing demand for housing units and the constraints on space have induced city builders to focus on building apartments in Kochi. Local builders are offering top-of-the line fittings and lifestyle add-ons like clubs and swimming pools to apartment complexes to woo home makers who prefer these homes for the security and convenience they offer
Satellite townships are being absorbed into the city as better connectivity gives them easy access to the new IT locations. As large-scale companies relocate to the city and NRIs pour their dollars into luxury projects, real estate prices in Kochi have been zooming upwards.
In 2009 almost a 400 % appreciation in land prices in Kochi was observed, especially on the NH 47 Bypass Road. This locality is proving to be a strong contender for M.G. Road, the city’s business district. Property prices in Kochi start at the upper end of Rs. 1 crore a cent on M.G.Road, though no transactions are taking place in this area. Property sales are happening only in the by-lanes of M.G.Road, fetching between Rs.60
Places to look out for are Puthiyakavu, beyond Thripunithura and Chottanikkara where land values will show much appreciation after the airport-seaport road is completed. Thripunithura, Kakkanad and Alwaye are safe bets for investment in property in Kochi
NRI Real Estate Trends
NRI investments in Kochi have propelled the demand for residential flats in Kochi – almost 60 to 80% of all residential properties booked in the city are registered by Keralites living overseas.
A range of premium residential properties in Kochi by local and national real estate developers are in various stages of construction to cater to the aesthetics of the returning NRI.
Seeing this ,Travancore Builders has two new projects lined up at Seaport Airport Road, and at Puthiya Road,near Holiday Inn Hotel. One a Swiss Villa Project and another Premium Twin tower apartment project.
NRIs, especially those looking to return to India are making informed decisions on investing in property, houses and real estate in India. Many NRI and Global Indians are also actively investing in real-estate There are several real estate agents in India , financers and other organizations specializing in financing and mortgages for NRIs, high-net worth Indians.
The Government of India has made various facilities and privileges available to NRIs who are returning to India for permanent settlement. They can reduce and manage their direct tax liabilities by property allocating their funds deposits under various investment scheme. Companies like L& T Infotech, Network Appliances Inc. and Wipro Technologies, Motorola’s ‘Return to India’ program seek NRIs moving back to India.
There is a large population of Indians who have plans to settle in India after they complete their stint in the US, Far East, Middle East and Africa. With a developed taste for a good and comfortable life and a high standard of living, some projects are specifically underway for this community. Real estate developers cater to NRIs & Expatriates for their requirements of international standard condos, houses and plots in metros and suburbs.
Those returning to India can also avail themselves of the investment opportunities in pre-launch and completed projects in agreement with leading developers for exclusive investment and/or joint development. They can look at attractive and lucrative investment options for their level of efficiency and high profit margins.
Oct 20, 2011
Sep 22, 2011
Asianet News Report
Reporter Tv Report
Sep 22, 2011
Key handing over ceremony of Monsoon Mist Studio Apartments was held on 16th September 21, 2011 evening. The function was graced by apartment owners and families, Travancore family, media persons and well wishers.
Jun 17, 2011
In order to provide our customers with the latest and greatest at Travancore Builders we have decided to start a company blog. This will allow us to not only keep you up to date with the Projects Status at Travancore Builders, but it also allows us to really keep in touch with our customers as here at Travancore Builders we’re a very customer oriented company.
What can you expect to read on the TB Blog? You will find useful information such as Projects and Company announcements, projects status changes, Builders Industry news, tips and much more!
As always if you have any suggestions/feedback please do not hesitate to contact us at anytime.