Many opportunities

[Devoti85]

The Real estate boom in Kerala is also attracting interest from foreign investors .In the recent years, non-resident Indians (NRIs) have played a very important role in transforming the Indian real estate market. Opening-up of the Indian economy provided them with new opportunities and they have shown a great deal of confidence in the changed set up. In the past few years NRIs have invested a sizeable amount in the city of Cochin of which a huge amount has found its way into the real estate market. Participation by NRIs has brought about a lot of maturity in the market which in the past had solely banked on the actual users. Kochi is one of the most well connected cities in India through sea, air and road. Thus, Cochin is identified as an attractive destination for investments. The inflow of investments has created great prospects for the Real estate in Cochin.

It is common for investors to own multiple pieces of real estate. Of this one or two serve as the residence, while the others are used for mobilizing rental income and profits through price appreciation. It is a known fact that tax implications for investment real estate are often different than those for residential real estate. The Common examples of investment properties are apartment complexes and rented houses, in which the owners themselves do not live in the residential units instead it is used by them to generate ongoing rental income from tenants. People who invest in real estate also expect to generate capital gains as property values increase over a period of time. The real estate boom can be witnessed in any direction you see. Whether it is Bangalore, Pune, Calcutta, Chennai, Hyderabad, Mumbai or Delhi - the story is repeated !