Kochi flats and apartments are always at a premium. If you have 20 or more cents of property in the city of Kochi, you are sitting on a gold mine.
Maybe, you do not want to sell that land and move away from Kochi. Kochi real estate builders will help you to ‘eat your cake and keep it too’! It’s called joint development. The builder of your choice develops your land and constructs a multistoried, modern flat. You in turn get to retain a flat for your use in addition to readily saleable smaller spaces as flats.
This is wholly viable option if you wish to retain an interest in your heritage, or you are part of a large family with different individual wishes regarding the property. Moreover, there are Tax benefits for re-investment to be considered. Re-investment is exempted from Capital Gains Tax.
You always have the option to buy a flat outright. However, you will be constrained by the available designs and layouts in the market. With joint development, you can custom build your future home in style.
The value of your asset depends on the legitimacy of the paperwork relating to your property like building sanctions, sale deeds, applications for power and water connections, completion certificates, patta transfers - processed by many government departments. Your asset earns you more returns when you jointly develop your property with the best builders in the industry.