The rapidly developing IT field in Cochin has become a boon for the real estate sector in the city. apartments in cochin are much in demand along with the villas and flats. Many are getting placed in the IT sector, as a result of the increasing career opportunities in the same. They either buy or rent an apartment in the city near to their job location. Thus the apartments in such locations will always be priced higher than those in other spots. Sharing of apartments is also practiced by some, in order to reduce the costs.
The builders in Cochin offer apartments mainly in premium and luxury categories, the latter being costlier than the former. Further, variations in cost are also found within the same category. People can thus choose from a wide variety, according to their preferences and budget. Builders give importance to the interior designing too as it plays a major role in attracting the buyer. Many people purchase apartments in the city in order to invest their wealth too. More of NRI money is flowing to Kerala through its real estate sector. Home loans are offered by many banks, which most of the buyers, including the NRIs make use of. Considerable tax exemptions can be availed on these loans.
Each builder in Cochin tries to implement novel ideas in each of his ventures in order to reach the top among the builders in the city. Eco friendly apartments, which include rain water conservation techniques and such facilities, are a part of these efforts.