Menitz74
11-05-2008, 03:51 AM
The high-rise buildings that have come to dot Kochi's horizon bear testimony to the rapid growth of the city. But unlike the real estate boom of a decade ago, the growth trend of the property sector will probably hold out this time, say builders. The scale of the change is nothing short of dramatic if we were to consider the manner in which Kochi's skyline has changed when viewed from the backwaters.
A few decades ago, Kochi's skyline was bereft of any real high rises, except maybe for a hotel building, when viewed from ashore. Now Kochi's profile has literally started reaching out to the sky, will all kinds of tall buildings cluttering the horizon.
A large part of the city's growth has indeed been vertical. And buildings are now trying to vie with one another to achieve the status of a landmark by their sheer height. In the Corporation area alone, about 20 plans for commercial projects (shopping complexes) were submitted for approval during the last one year. Builders have submitted as many as 65 projects for the construction of residential flats.
In the last one year or so, real estate prices have gone up by 25 per cent. However, the prices of land and Kerala flats (http://www.jairajbuilders.com/) are lower as one goes outside the city limits. The builders have realized that there is a gold mine there yet to be fully explored. The buoyancy in the real estate market for the last couple of years has been quite steady, unlike the unprecedented boom that gripped the market about a decade ago,
A few decades ago, Kochi's skyline was bereft of any real high rises, except maybe for a hotel building, when viewed from ashore. Now Kochi's profile has literally started reaching out to the sky, will all kinds of tall buildings cluttering the horizon.
A large part of the city's growth has indeed been vertical. And buildings are now trying to vie with one another to achieve the status of a landmark by their sheer height. In the Corporation area alone, about 20 plans for commercial projects (shopping complexes) were submitted for approval during the last one year. Builders have submitted as many as 65 projects for the construction of residential flats.
In the last one year or so, real estate prices have gone up by 25 per cent. However, the prices of land and Kerala flats (http://www.jairajbuilders.com/) are lower as one goes outside the city limits. The builders have realized that there is a gold mine there yet to be fully explored. The buoyancy in the real estate market for the last couple of years has been quite steady, unlike the unprecedented boom that gripped the market about a decade ago,