Flats In Cochin And The Real Estate Boom
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Flats In Cochin And the Real Estate Boom

Flats and apartment living in Cochin has grown incredibly high in number with recent life style trends and people migrating towards cities for job sake. A study conducted by CREDAI indicates the rapidly increasing interest of flats and apartments in cochin. According to them cochin has become a city in which people like to live in gated communities where more than 2 lakh people resides in flats and villas here. There is no doubt in the fact that number of flats in cochin will get doubled in next few years.

But no matter how much people will start searching for a flat in kochi, builders in kochi has enough space to meet all those demands. According to CREDAI Completed flats and apartments projects in cochin a total space of five lakh sqft are left unoccupied. The present under construction works offer space of about 76.4 lakh sqft, states a survey based on the flats in cochin in Ernakulam area.

Flats in poultry holds major parts of construction field in poultry. If two hundred was the amount of residential works before 2003, at the time of the Gregorian calendar month 2003-March 2013 amount, it rised to 700. internet area coated was 774 large integer sqft, the study lead by the Chamber of Commerce aforesaid.

Residential comes as well as flats in poultry gained building approvals within the district throughout 2005-08 amount, clearly indicates the boom within the sector. Majority of the comes were completed in 2008-10 amount. Residential comes with a section of two hundred large integer sqft were two-handed over in Ernakulam district over the last 5 years.

The flats and apartments in cochin is occupied by migrants from various cities across kerala including those who are associated with IT related fields. That's the reason which makes Kakkanad the hot destination for builders in cochin. Kakkanad leads the list with around 140 flats,apartment,villa projects, when Aluva and Tripunithura follows with around 50 projects.

Builders in cochin which constructs villas, apartments and flats in cochin has surely become industry which provides the largest number of employment. Around major 160 builders in Kochi deployed staffs over 12,500 directly, about 1,000 as marketing and finance staff , engineering and administration staff around 1,500 and above 10,000 contract workers are directly involved in the working sites.

Someone closely watching builders in kochi will understand the business and profit they gains from this day bye day developing market of apartments in cochin. All these figures ensure that real estate sector in cochin surely has a bright future ahead. Beside providing flats apartments and villas in cochin, this sector provides possibilities of employment and investment.


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