Real estate Builders in Tripunithura and other parts of the country are selling their commercial real estate which includes office, retail and hotels, rather than leasing them out. The builders are ready to sell properties at a rate which is seen attractive by the buyers today so as to gain immediate returns. There are owner occupiers wanting to take the benefit increasingly of the properties on lease and wanting to buy. The lease rates are still high while there has been softening of the sale price and the builders need some cash flow. Projects like Info Park created a swirl in the real estate industry. International Container Transshipment Terminal, Metro Rail, Cochin International Airport Ltd. (CIAL) Park, Marina, Port Based Special Economic Zone, International Bunkering Terminal, Crude Oil Handling for BPCL – Kochi Refineries, KINFRA Hi-tech Park Biotechnology are some of proposed projects / projects underway. These projects will create further demand for Kochi as a real estate destination.
Real estate people have recently started selling their office spaces. Many builders developing commercial buildings project comprising 2-, 3-, 4- and 5-bhk (bedroom, hall, and kitchen) apartments is selling off the commercial building instead of leasing the property. Some others is now in the process of selling complete projects. Realty majors are in the process of selling a part of its big commercial establishments instead of leasing. Even though the real estate sector is slowing down, some companies are still finding takers. What is making the stock attractive is the comfortable liquidity position of the company, due to which the company may not be impacted like its peers, coupled with low-floating stock in the market. The BSE Realty index is down nearly 13% in the past one week and 20% in the past one month. The stock has been witnessing support from close quarters, some of the prominent among them are a leading diversified domestic brokerage and a smaller unlisted domestic brokerage, which is calling it a technical buy.
Real estate people have recently started selling their office spaces. Many builders developing commercial buildings project comprising 2-, 3-, 4- and 5-bhk (bedroom, hall, and kitchen) apartments is selling off the commercial building instead of leasing the property. Some others is now in the process of selling complete projects. Realty majors are in the process of selling a part of its big commercial establishments instead of leasing. Even though the real estate sector is slowing down, some companies are still finding takers. What is making the stock attractive is the comfortable liquidity position of the company, due to which the company may not be impacted like its peers, coupled with low-floating stock in the market. The BSE Realty index is down nearly 13% in the past one week and 20% in the past one month. The stock has been witnessing support from close quarters, some of the prominent among them are a leading diversified domestic brokerage and a smaller unlisted domestic brokerage, which is calling it a technical buy.
