Are you
thinking about planning a shopping trip over the weekend? In case, you happen
to be in Kochi, then this is precisely the place you should be in. This is
because the city is the new home of Asia’s largest shopping mall, Lulu here.
This particular development has caused a ripple effect on the economy here
especially in the real estate sector. Continue reading this post to know more
about the impact that Lulu has had on the realty industry here.
Asserts
Dominance
While
contemplating whether you should invest in property in Kochi, there are several
reasons that you should. For one, if you own real estate here you will be able
to assert your dominance here. It is because of the fact that more investors are
now showing interest in making investments here. As a result if this there is a
whole lot o other projects that have been take up in this region by other
realty developers. In addition to that this region has become more conducive to
business prospects.
Skyrocketing
Value
Another
major impact that was felt in this region with regard to real estate here is
the fact that the realty value here is skyrocketing. According to statistics,
the prices have grown two-three folds in the past few months. It must be taken
in stock that the mall has been operational for less than a month or two but
has been able to create a substantial impact here. This can be attributed to the growing thrust
that investors are now placing in this region as they have been able to see
positive results from this investment.
You Get
What You See
There is
another logic that most investors are banking in on now. Here, they feel that
they will get what they see. Lulu has been able to attract large audiences,
reaching out to people across a number of levels. The universality of this
concept and the overwhelming response that this project has been able to
generate is being viewed as a green signal by other developers.
To sum
it up, the success that Lulu has achieved as the largest shopping mall in Asia
is overwhelming, especially because it is based in a mini-metro, Kochi.
However, it is needless to say that this venture has been received positive
response and now more investors are chalking out projects here. For this
reason, the realty business here is booming and has recorded an all time high.