Indians have always been determined to own their home despite a life long struggle. It outweighs factors like increased cost of housing and high interest rates.
In cities like Cochin and Bangalore where increased pay packets and disposable money in the hands of IT and ITEs workers, more and more people are likely to consider fulfilling the Indian dream. Even the threat of another interest rate rise fails to stem the tide of borrowing on homes.
Property booms never last, but neither do property busts. Investors can make the most of, with the current upward trend.Earlier, Foreign Direct Investments (FDI) in the real estate was restricted to development of industrial parks, hotels, integrated townships, and SEZ's. However, now the Government of India has permitted FDI up to 100% in townships, housing, built-up infrastructure & construction. This amendment broadened the scope of FDI in Indian real estate arena & opened path towards investments in areas like Townships, Housing, Commercial Premises, Hotels, Resorts, Hospitals, Industrial parks, Educational Institutions, Recreational Facilities, SEZ, etc
The in the Real estate Cochin industry has triggered a massive growth of the industry, leading to an explosion in the real estate investment, further, enhancing Kerala’s infrastructure & providing a sustainable growth.
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