The
swift development of IT field in Cochin has its major role in setting
the recent trend of owning or renting apartments in Cochin. Many are
employed in IT sector in the city and many still are aspiring to
pursue an IT job. These professionals and job seekers migrate from
their home towns to Cochin and reside in the city. As a result, the
population of the city is on a constant rise. Lack of time to buy
land and build own homes have persuaded many to prefer ready to
occupy homes. The ‘apartment
cochin’ advertisements from builders in Cochin thus grab the
attention of the people and most of them choose the option readily.
Costs
of the apartments in the city vary with the amenities and facilities
available in them. Builders classify them as premium and luxury type,
in which the former costs comparatively lesser. Location of these
apartments also influences their price to a great extent. Those
located near the IT parks and multinational companies are in high
demand and so are priced rather higher. Similar is the case with
those situated in the tourist locations. Since Cochin is a city where
one can find the aesthetic beaches as well as historic monuments,
people compete to own an apartment in such locations.
Furthermore,
apartments in Cochin have become more than a residence. Many people
own these apartments with investment prospects. Real estate in a city
like Cochin, which is heading towards attaining a metropolitan
status, promises great profits for the investors.
