Jacob Thomas Property Management Consultant
Jacob Thomas Property Management Consultant
Nov 22, 2019
Best place to invest in Ernakulam Considering the real estate scenario in Kochi, one should think about his/her motive behind buying a property. Is it for getting a good return on investment(ROI) ? or Is it to have a place to raise his family.? Back in 2008, the real estate scenario in Kochi was quite different than it is today. At that time Kochi was ripe for the taking of many investors and many investors got a lump sum of money as ROI which gave birth to many developers and builders who just erected a lot of spaces which finally resulted in excess supply. But now the scenario has changed if you watch closely one can see that most of the spaces erected after 2012 was not able to attract investors and there is no good ROI and 50% of these spaces are lying vacant. So now the best option to get good ROI is to invest in the suburban outskirts of Kochi, like Mulanthuruthy, Chottanikkara, etc which is just about half an hour's drive away from Vyttila. In the other case around, if a person is buying a property to raise his family then to these outskirts are good enough as it is away from the hustle and bustle of the city life and pollution too.