The land value has been on a steady rise for the past few years all over India. One of the reasons for this phenomenon is probably that India is the second fastest growing economy in the world. Most well known international companies are vying for a chance to invest in India.
In the recent years, a large number of international brands have opened their retail outfit in addition to opening a manufacturing or production unit in India. This is true everywhere in India.
Kerala is also benefiting from this economic growth and has a fair share of organizations and industries coming onboard. Major cities of Kerala like Thiruvananthapuram and Cochin are prime locations for IT and ITES products. Other major international products and services are also in the offing here. A number of international organizations are willing to invest enormous amount of cash in the current economy.
All these investments and plans have triggered a phenomenal rise of land and property value converting every piece of land and building in Thiruvananthapuram and Cochin a clear investment for the future.
Hosing requirements are already on an upswing and it is estimated that all the constructions going on currently is insufficient to meet the expected growth in requirement. With an average Cochin apartment costing anywhere between 35 lakhs to 45 lakhs the investment involved in high but the profit expected with rising demand for housing is going to be even higher