Builders see a change in buyer sentiment
A non-resident Indian couple visiting some of the properties in Kochi has encouraged by the offers coming through in their talks with various builders and real estate dealers. A young couple from one of the not so developed towns in the State has been looking for a place to set up home and a business venture.
These are the kind of enquiries that have enthused builders in Kochi. There have been some genuine enquiries right from the second quarter of 2009, says Najeeb Zackeria, president of the Kochi branch of the Confederation of Real Estate Developers’ Association of India. The interesting part is that there are enquiries in all segments of property, be it budget, semi-luxury or luxury, Dr. Zackeria says.
The customers’ approach is to go in only for finished products or projects nearing completion. This approach has slightly changed, he says. However, the change in this graph has favoured only builders who have sustained through the recessionary period and have delivered their products in time. Unless progress is seen in a project, customer confidence will be lacking. The builders are taking the new momentum in the market with caution.
SHYAMA RAJAGOPAL
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