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For major Builders Kerala is now an unavoidable destination mainly due to the unprecedented boom in real estate. The economic boom in India has led to sky rocketing real estate prices in cities like Bangalore. Multinational Corporations (MNCs) now intending to start operations wish to set up shop in two tier and three tier cities with affordable real estate costs.

This trend has pushed up demand for Information Technology (IT) infrastructure and other apartment complexes. Real estate prices have started to appreciate in two tier and three tier cities as well. Builders now target the high salaried software professionals when embarking on mega real estate projects.

However legal experts and other analysts recommend that much research needs to be done before buying an apartment or built up living space. The most important aspect to be considered is the reputation of the builder. A builder’s reputation can be easily studied by checking out with the customers who have bought apartments from the particular builder. Interacting with the user of a particular product is the best option before buying a particular product or service.

Maintenance costs of apartments and other built up living spaces vary from location to location. Some apartment complexes in up market areas have very high maintenance costs. Before buying an apartment in such areas it is better to work out whether if the recurring costs are manageable in the long run.
 
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