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 The returns are high for new markets |
Cobourn14
Number Posts: 1
Last Post: 04.10.2008, 08:12
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| Saturday, 04. October 2008 at 08:12 |
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In the last few years, assured profitable returns in the property sector has motivated huge investments in this sector all over the country.
In cities like Kochi, the demand for all the three type of real estate — residential, commercial, and retail — are on the upswing. Demand for commercial properties is on an all time high. This will also drive the demand for residential space high.
If the supply continues to grow with demand, there would be an orderly rise in the prices. However, the severe shortage of developable land can be a major stand off. Demand for residential space is already very high and has been over a long time. With the green signal for projects like Smart City project and others like it, the prices have jumped roof high.
The price of a Kochi apartment has almost doubled over the last one year. This is more than true in the case of land prices in the city. The appreciation is apparent in a matter of few weeks to months.
As of now, real estate continues to remain a good investment opportunity for those who wish to invest, medium to long term. The return from the mature market would not be much. But, for the new markets, the returns will continue to be high. Kochi realty market is still new but the question is how long it will continue to be immature. It would be prudent one must assess where the growth is going to come from before investing
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