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View Full Version : Boom in real estate market


timmiami
03-25-09, 04:10
Kochi has become home for a large number of NRIs. The city is fast becoming a hot destination for the migrants who leave their homes in search of work. The openings in the job market are not confined to IT and ITES sectors alone. Real Estate in Tripunithura (http://www.lotusproperties.in/) is booming coupled with the increase in demand for skilled workers in private companies have turned Kochi into a sought-after city. The bigger players in the field offer attractive salary for masons and support staff. Talent crunch is not confined to the real estate and IT sectors.

The hotel industry players refer to the growing need for skilled staff for house keeping and food and beverages service. The salary levels had gone up even in the entry level in the hotel industry thanks to the city becoming a hot destination for big conventions and conferences. The industry is lapping up every available talent. But the going is not smooth, as the migrants have to toil hard to make a living. Daily expenses have shot up causing dents in the monthly budget. Hotel bills are going up. The house owner wants to hike the rent every year. A decent accommodation for a bachelor might cost you at least Rs.2, 000. With a family, the figure goes up. Brokers attribute the increase in house rent to the hefty pay packages of professionals. For instance, a three-bedroom house in Edapally was given for Rs.4, 500 till November. The owner gave it for Rs.6, 000 this February saying that his neighbors have also increased the rent. Distemper is a traditional water-based interior paint popular for home applications. It provides a flat velvety finish and is used on walls and decorative plaster. Distemper has a thin consistency and be readily removed with hot water. As with lime wash, this finish can be reproduced today in its traditional form but will not adhere to previously painted walls. There are also some modern proprietary distempers available that require an acrylic sealer undercoat.