Kochi property prices seem to have stabilized after sharp fall

Property prices in Kochi finally seem to have stabilized over the last quarter after a steep fall over the last 3 quarters of over 30%.

A close look at the RESIDEX index published by the National Housing Bank shows that property rates in Kochi, across multiple parts of the city have more or less stabilized. We had reported earlier about the fears of a bubble in the Kochi real estate market given the sharp drop in prices. If statistics are to believed the demons have left Kochi and all parts in the city except Vytilla has seen property rates stabilize.

This is good news for investors and real estate owners since it shows that speculative investments are not happening at a frantic pace as was the case earlier. The demand is stable and growth should kick in once demand supply mismatch is corrected in the next few quarters. It would be interesting to wait and watch for the next quarterly RESIDEX index which would be published in a month or so to see if Onam festivities has helped increase demand for property and thereby lead to appreciation in rates.

Comprehensive coverage of luxury and budget apartments in Trivandrum

India is seeing tremendous growth in two sectors of real estate. One is the budget housing wherein the property rates do not exceed 30 lacs rupees and the other, the higher end of the spectrum wherein the rates could be more than 1crore rupees and at times even as high as 10 crore rupees.

The current budget has augmented and pushed forward new reforms for affordable housing. Hence developers are now looking at this segment in the Trivandrum market with renewed focus. At least half of the buyers looking for real estate are in the budget housing segment. At the same time the luxury segment has seen a lot of activity due to HNI investments and the depreciation of the Indian rupee.

Nandanam Consultants has formed an exclusive team to cater to the home buyers in both these segments: Luxury and Budget apartments. The team is also sharing some of its research via exclusive blogs on budget real estate and luxury real estate in Trivandrum. You can follow them at:
http://trivandrum-budgetapartments.blogspot.com/ and http://trivandrum-luxury-realestate.blogspot.in/.

We look forward to hearing your comments on this section. For reaching out to us, please check out our coordinates on www.nandanamconsultants.in

Trivandrum Real Estate Price Trends by location

Trivandrum is one of the few cities in India which has witnessed property appreciation on a CAGR of 25 to 33% compared to Metros, wherein some metros have even witnessed single digit appreciation. Traditionally land investments give better returns, however, apartments might be a better choice for those customers who stay abroad, prefer rental income and don't visit India a regular basis. Our Trivandrum real estate price trends are indicative and can vary by builder, location etc. These rates are based on the market information available on the ground with builders, agents, customers etc. Please call us to understand further before purchasing or selling your dream home.

Prevailing rates of real estate for some areas in Trivandrum:

Apartments
Vellayambalam - Sasthamangalam - Rs.5000 to Rs.6000 per sq.ft (varies by builder & availability). Appreciation over last 3 years - CAGR - 36%
Sasthamangalam - Vattiyoorkavu - Rs. 2500 to Rs.3500 per sq.ft (varies by builder). Appreciation over last 3 years - CAGR - 30%
Vazhuthacaud - Vellayambalam - Rs. 5000 to Rs.6000 per sq.ft (varies by builder). Appreciation over last 3 years - CAGR - 34%
These rates depend on amenities in the building, location etc. 

We don't estimate prices of land as many more factors like approach road, proximity to bus stops and auto stands, utilities like hospitals , shops, schools nearby might further affect property rates in the same area. Please discuss with us for purchase or sale of land if you are interested.