Worth the investment!

Discussion in 'Real Estate' started by Santaloc88, Nov 20, 2008.

  1. Santaloc88

    Santaloc88 New Member Original Member

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    Cochin is emerging as a hot spot not only from tourism point of view but even from the point of real estate investment. The government in the state of Kerala has woken up to the city’s potential to attract investors of all kinds. Therefore, a series of infrastructural developments can be witnessed suddenly, in and around this commercial capital of Kerala. Mall developers are increasingly tapping into the potential of this real estate market and offering more than shops and restaurants. The developers are now exploring entertainment zones, though more expensive and less lucrative than retail, these are developed with a clear cut intention of catching the fancy of customers. This is the reason why simultaneously, there are a number of malls and shopping complexes being constructed in Cochin.

    If you decide to buy a flat as a slice of your Cochin property, you may reach a juncture where despite the fact that the price fixed with the developer was final you still end up shelling out additional expenses towards the final phase. These payments generally are neither expected nor disclosed upfront. It is always advisable to go for a fixed cost with a minor escalation clause not exceeding beyond a point. The agreement drawn must ensure that the developer has no scope to shock you with the “hidden costs” while procuring a flat.
     
  2. kristinawall

    kristinawall New Member Original Member

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  3. Huntress

    Huntress New Member Original Member

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    interesting...