Real estate has become the most important investing avenue in the country because of the boom in demand for properties. Experts even see the bullion prices coming down in anticipation of further growth in real estate market. Besides, there is also a movement of people from their own area of operations to other high opportunity places with banks showing interest in the people’s investment desires. People far away from Kochi can invest in real estate here through the bank.

While everybody agrees that housing needs in the country fall short by at least 20 million to 24 million dwellings, high cost of construction, price rise in real estate and lack of quality land in fast growing cities continue to hold back the need of shelter for many.

Experts opine that the rise of the middle class and the high income group will be the major thrust behind the Kochi flats and real estate growth. Hence, when prices continue to rise, the purchasing power of the people will also rise because of the high income of the people in these groups.

Earlier, people who had built a house would never think of owning a second house. But now another investment in a house is not a matter of second thought. The life_style_ of people is changing. People have started changing cars and many other things which were earlier never thought about. Lastly, but certainly not the least, urban planning and infrastructure building are the focus of all real estate development. It is primarily a Government responsibility, which can be supported by private p_layer_s. In a place such as Kerala, where land is scarce, vertical growth is the solution. But for that the cities and the towns need to have a good road infrastructure. A low FAR is making the land prices and the cost of flats to shoot up. Availability of water is something that needs to be ensured by one and all, he added. Nobody in the country seems to be planning for water.