http://blog.we-buy-and-sell-homes.com/forum/real-estate-investing-forum/topic-31/ http://blog.we-buy-and-sell-homes.com/forum/real-estate-investing-forum/topic-31/page-1/?recent=45#post=45 Kochi apartment. Wipro is talking about employing a 5,000 workforce in the next 3-4 years. Even if 25 per cent accommodation is taken into account, 300 projects are needed in just 2-3 years for which there is no adequate supply or even a contingency plan. Additionally 5-6 IT companies are planning to make a beeline to the city now. Rental market is expected to get a boost and investment in residential property will become a viable option shortly.This is one reason for the entry of new players to the market. Even landowners are keen to enter into joint venture development with established developers for a larger slice of the pie. Yet another reason for the sudden spurt in demand is the returning NRIs from places like UAE where steep rental levels locally have compelled families to return to India. The migration of medical personnel has created a new wave of NRI demand for Kochi from hitherto unheard of markets like London and Russia. The NRI demand has also pushed the requirement for high-end market in the price range of Rs. 20 – Rs. 40 lakh. A significant feature is that people are looking for health related amenities in apartment projects where the maintenance cost is competitive and easy to manage.]]> generator=rsdiscuss&baseurl=http://blog.we-buy-and-sell-homes.com&feed=forum&forum=real-estate-investing-forum&topic=31&post=45 Wed, 12 Nov 2008 04:13:57 +0000