A sure deal for all investors.

strider · A sure deal for all investors.

The unprecedented exponential rise of land value in Kerala especially in cities like Kochi is often attributed to speculation. Is speculation by itself illegal? When the property value gets pushed by sheer speculation irrespective of any basis, it traverses all known borders of legality. When all property transactions become buying and selling and not buying for any related purposes like living or conducting any other legal business is the making of a phenomena called a bubble. Speculators make profit out of hype, an artificially created and maintained hype. If the prices for a Kochi flat are a result of such hype and the land prices are being manipulated, then sooner than later the price of land is sure to stagnate if not crash.

Is it possible that all the genuine investors in Kochi are going to loose? It is often admitted that there are some scrupulous speculators here as elsewhere. However, the land scarcity in Kochi is no hype and sooner or later, there will no longer be any land for the taking. Considering the current level of investments in various sectors of industries, it can be safely assumed that the need for residential and commercial space in Kochi is only going to increase and not decrease.
A few safety measures may help maintain the purpose of safety and companionship why people invest in a Kochi flat .There should be only a single entrance into the premises and there should be round-the-clock security at the gate. A caretaker should be present at the reception and it should be made mandatory that visitors should reveal their identity and the resident he wishes to visit. An intercom should be provided at the reception so that the caretaker can contact the resident to get his consent before the visitor is allowed to proceed to the apartment. Even domestic helps who come to the apartments should be asked to sign in the register provided. There should be an alarm reachable from all apartments with generator back-up in case of electricity failure.
Instead of building scattered blocks on small plots in low rise, high density residential areas, which rob existing residents of their privacy and their already strained infrastructure facilities, larger sites preferably away from the city centre should be selected for high-rise apartments. The design and layout of the blocks are important for security. Care should be taken to provide limited entry/exit points.