Investing in properties is still the best form of
investment in India, says a leading property developer. Property prices
have dropped in Kerala and other states in recent months, said Hoysala
Projects Private Limited (HPPL) chief operating officer Santhosh T Kuruvilla.
"This is the best time to invest," he told the GDN. "For
non-resident Indians (NRIs), investing in property is still the best
and safest form of investment." Mr Kuruvilla is in Bahrain leading
a team of sales executives to promote their company's projects in Cochin
and Bangalore. HPPL started its operations in property development and
construction 11 years ago in Bangalore. The company has 17 completed
projects in Bangalore to its credit and has started its activities in
Kerala last year with its base in Cochin.
"Within this short span of time HPPL has launched three projects
in Cochin comprising more than 400 apartments and these were well received
by the market," said Mr Kuruvilla. "The innovative concept
of fully furnished air-conditioned apartments was introduced by HPPL
to Kerala through Hoysala Nestor in the prime location opposite the
collectorate at Kakkanadu, Cochin. "This concept was given a warm
welcome by the NRI population." HPPL is now starting its operations
in the Gulf by opening an office in Qatar, Mr Kuruvilla said. "We
shall establish our presence in other Gulf countries, including Bahrain,
shortly," he added. "HPPL team is now in Bahrain to interact
with the Indian populace of this country and to create an awareness
among them about the high return investment opportunities in Cochin,
the financial capital of Kerala. "With the prestigious projects
like Smart City, Infopark, Vallarpadam Container Terminal and Metro
Rail, to name a few, Cochin is gearing to have a quantum leap in infrastructure
and is going to be an investor's haven."
