The Flat culture

Flat Tripunithura has become popular due to the safety and security available for flat owners. There is an element of the joint family system of yesteryears in the concept of flats with the role of a senior most male member who word is the law in these houses whose role has been taken over by the Building society in each flat complex. In addition to security, the owner need not worry about payment of electricity, water or other maintenance bills which are taken care of by the society which is available with in the flat society. All external maintenance is also done by the society. The flat is also providing with the utilities like centralized gas, health club, waste chutes and driver's rooms which are value additions. The paper work involved during the purchase is also minimal and the biggest boon is that one need not worry about the problems of construction-labor, purchase of material, permits and licenses etc while buying or selling a flat.
The land managing body, may auction some more commercial plots in Cochin. The place is attracting large interests from multinational companies and retail chains as compared to ********* towns in the NCR. Some of India leading hotel chains, announces its plans to invest a whopping amount over Rs 900 crore in the next few years to develop three properties in India. These groups will also stay in step with its management contracts abroad including Dubai, Abu Dhabi, Cambodia, and Maldives. The most known real estate firm crossed Rs 1 trillion marks. The company has kept its fingers crossed regarding the Central Bank not to increase interest rates at a credit review. Complying with other norms released by the central bank, ICICI was passing on the benefits of the regulatory relaxation to loan borrowers. There has been an apparent increase in the lend-able resources of the bank. Before bringing any reduction in loan picture, the bank offered floating rate loans at 12% and fixed rate loans at 14%. Now, loans to floating rate borrowers will be available at 11.5%. However, home loans with ICICI bank are still expensive than what have been offered by HDFC.