Land value in Kerala

The real estate price in Kerala, especially in Cochin is manipulated mainly by builders. They are telling or make newspapers tell there going to be a great demand for flats in Cochin.

Now the real situation is, many of the new apartments, mainly owned by NRIs are vacant. They do not know the price prevailing here.

If you ask Rs.3000 per sq ft, they are ready to sell @ Rs.3200.

I personally know an apartment complex of a reputed builder in cochin is mainly (around 80%) owned by NRIs. Now they have around 400 flats in the complex. Now advertising in their site as they have only 26 flats to sell (actual number is 125) could not sell even a single flat in the last 8 months.

They promised to deliver the flat in 2008 December, still the outer plastering is going on. May be ready by 2010.

Belive me here the flats are available @ Rs.2000 net (Including car park etc). A two bed room flat of 1200 sq ft is available at Rs.24-25 Lacs. But if you are a fool and going to the builder they are asking for Rs.2500 sq ft + car park 2 lacs etc etc.

If you looking for a flat in cochin, my advice is wait for 6 months, you will get atleast 20-30% cut in price.

[shinoda]

The possibilities and pit holes are endless when it comes to home décor. Your home reflects your personality. As such great care needs to be taken while decorating or refurbishing your home. Nowadays most people in Kerala live in apartments or flats which, makes it easier to maintain a home.

Here are some easy tips for decorating and furnishing your Kerala apartment. Your living room can be made warm and inviting with the help of a cozy couch, side tables with decorative lamps, center table with a vase of fresh flowers etc. Handcrafted designer cushions and wall hangings, paintings and family portraits add magic to your walls. Mirrors are also used to enhance the appeal and for that added space feel.

When choosing furniture you can go for wood, metal, or modular furniture. Bamboo and cane furniture are also charming alternatives though they require more care. The choice of furniture should jell with the overall style and color of your home. Using floor rugs and fresh indoor plants enhance the look of your home furniture. A few pieces of antique furniture can add that royal touch to your interior.

Proper lighting brings overall harmony to your entire home. Hanging lights like chandeliers have a regal appeal. Well placed table lamps, floor lamps and pendant fixtures are the other types of lights that can transform the feel of a room. Lanterns made of paper, silk and glass, provide an ethnic look to your home.

Visual appeal and durability are important aspects in selecting a flooring material. The floor of your home should look pleasant, neat and soothing to the eyes. It should be in harmony with the furniture in the room. The wall should always complement the floor in color and design. Flooring options include tiles of diverse materials such as marble, slate, granite, and, wooden flooring and wall-to-wall carpeting.

if anybody takes a survey in india re: land value in Kerala. its will surely inaccurate. nobody records the right price whenever they buy or sell. nobody pays the tax properly. for example if the property/land is bought for 90 lakhs it will recorded as sold for 50 lakhs.

Originally Posted by Unregistered I think the money value for land is gone up too high.It is against every propotion of other growth.The money which people invested in Kerala is majority came from illeagal way.There is no one bothered about it.then some people from NRI background invested without any knowledge.Again many people from north India invested in Cochin,They are like big shots eg...Sathyam group,Some developers ect...Which all made ordinary fisherman families to forcefully sell their land and move over to near buy town, like moovattupuzha,Thodupuzha ,Piravom,ect....So the valu of the property started going up in villages.But the Quiestion is is it a real valu people are asking.Asswer is absolutly NO.The greedy brokers and the some the Greedy malayalees fasmilies made it all.Basiacally keralites are so gready,and Jelouse.They do things when others are doing,They wont see their capacity to manage or purchas things.That is why now in kerala shortage of gold and land.even poison will buy the malayalies.they do not know the value or consequences of that. The value of the property is going up good,But it should be in reasonable way,not on a unreasonable way. That is why recent time we can see the value of properties happened in US and Europe.Same thing going to happen in Cochin.To make money work hard,Dont believe in brokers.Dont believe in Dubai smart city.Must think who is going to lieve in this Cochin flats .Is it all the people from north coming to kerala.They dodnt like our attitude.Because they know very well about malayalees. they like to visit kerala.Hundreds of flats in Kerala is Empty.It all became like Olympic stadiums in forign countries.People doesnt like our polituicians our infrastructures.ect....Please think about it before anyone investing properties in Cochin..A city of drugs ,mafia,Sex Maniac,Traffic jams ect.......

Ha ha ha .. absolutely right !!!.. most of the flats are bought by NRIs.. now nobody is there to stay ...:-))

[cochinman1]

think the money value for land is gone up too high.It is against every propotion of other growth.The money which people invested in Kerala is majority came from illeagal way.There is no one bothered about it.then some people from NRI background invested without any knowledge.Again many people from north India invested in Cochin,They are like big shots eg...Sathyam group,Some developers ect...Which all made ordinary fisherman families to forcefully sell their land and move over to near buy town, like moovattupuzha,Thodupuzha ,Piravom,ect....So the valu of the property started going up in villages.But the Quiestion is is it a real valu people are asking.Asswer is absolutly NO.The greedy brokers and the some the Greedy malayalees fasmilies made it all.Basiacally keralites are so gready,and Jelouse.They do things when others are doing,They wont see their capacity to manage or purchas things.That is why now in kerala shortage of gold and land.even poison will buy the malayalies.they do not know the value or consequences of that. The value of the property is going up good,But it should be in reasonable way,not on a unreasonable way.
That is why recent time we can see the value of properties happened in US and Europe.Same thing going to happen in Cochin.To make money work hard,Dont believe in brokers.Dont believe in Dubai smart city.Must think who is going to lieve in this Cochin flats .Is it all the people from north coming to kerala.They dodnt like our attitude.Because they know very well about malayalees. they like to visit kerala.Hundreds of flats in Kerala is Empty.It all became like Olympic stadiums in forign countries.People doesnt like our polituicians our infrastructures.ect....Please think about it before anyone investing properties in Cochin..A city of drugs ,mafia,Sex Maniac,Traffic jams ect.......

i like this comment about cochin gr8 man

Originally Posted by Unregistered I am totally against the point that has been mentioned here.In an ever growing population such as we have in India there is no doubt where the price of lands would go.It would go only one way and that is upward and to add to this let me also quote that the writer whoever it is has been little negative in his/her approach.As there should be no doubt that the demand of lands will never go down.Anyway not in the near future.......

Dear UNREGISTERED!, Have you now seen the steep fall in the prices during the year (2009) exactly as predicted by Mr. Thomas. You should not link someones opinion with his approach. See how have you gone completely wrong!

We need to agree that the earning potential in our state is below average to our county average.Just because few NRI's have invested to show off, doesnt mean the locals can buy from them at a 15 or 20% margin and its never going to happen also.
Now who is going to stay in these apartments and villas.Unless and untill we have occupants, there wont be any serious money flowing into the society there by completing the whole cycle of investment.

These are pure speculation and in a state like kerala investing is absolutely a major risk.Cant say that one wont make money but its far easier to lose too.Funda of risk to return applies here too.

Malayalees are more aware than educated.They know the current earnings of educated and well off people and its dadagiri happening within the state.The only state where the unions demand them to be paid for the work not done by them.They claim it be their birth right.Can understand why our state is investment friendly for outsiders.The law and law enforcement are nothing but puppets and has proved innumerable times their ineffeciency to curb violence or criminal activities.At times I feel the law in this state is only for the offenders and they are at home within police custody.

I urge to all the NRI's to undergo a serious thought process before investing in Kerala.You have better investment option even in our neighbouring state Tamilnadu.They have gone miles ahead in terms of infrastructure,investment acquisition and jobs creation.And these are the things that really matter in long run.We wer proud enough to close one more factory and as per latest development the employees were successful to bring it down in fire.Surely it reassures we are in Gods own country.

The above post was not from the unregistered but from rkt. I also wish to comment on unregistered's view on the author being negative in thought. Just because someone sees a fall in performance or conditions doesn mean negative and this applies to all industry.these are opportunities to keep ourselves prepared for the tough times ahead. Just because one keep on saying All is well doesnt improve situations.

If you read my article "Kerala Real Estate Sector - A Bubble in Making?", you will get a fair idea of how a bubble is taking place in Kerala real estate sector. For a useful real estate listing, visit our site: www.kleem.in

[lorune]

Kerala is known to all as ‘God’s Own Country’ due to its various beautiful places. It is situated in the Southern tip and is not only blessed with abundant greenery but also a pleasant climate. Kerala is a heavenly abode and is known for its lagoons and backwaters that meander through its beautiful sceneries, hill stations, wild life sanctuaries and also its rich and colorful culture and heritage. Destinations Kerala are famous for their beauty and bliss.

The capital of Kerala, Thiruvananthapuram, is a city that is clean, neat and rich in cultural heritage. It is flanked by the Arabian Sea and the Western Ghats. Till recently it was known as Trivandrum, a name used by the British. It derives its name from the deity at the Sree Anantha Padmanabhaswami temple situated in the city. Besides the temple the city is also famous for the Observatory that was established for about a hundred years ago. There a number of impressive palaces in and around Thiruvananthapuram. The museum is known for its profuse gables and turrets. There are a number of objects carved out of wood, models of temple, antique jewelry and other fine works of art. An ideal place for art lovers is Sri Chitra Art Gallery that is within the museum compound. It has a large section devoted to the paintings of Raja Ravi Varma. Besides him, there are works of other artists such as Rabindranath Tagore, Jamimi Roy, K. K. Hebar etc. The gallery also has paintings from Indonesia, China and Japan. A boat ride in the backwaters of Kerala can be enchanting.