Sharing of flats is also widely popular in the city. It is practiced usually by the students and employees who reside temporarily in the city. This reduces the cost that an individual has to pay. Interior designs of the flats are a major factor which makes a significant influence upon the purchase decision of people. Location is also an important factor considered. Those in the heart of the city, or near the IT parks and other job locations are demanded more. These are also priced higher than those in other locations. Those near the scenic spots in Kochi also cost comparatively higher.
Since the real estate sector in Kerala, especially in Cochin, is soaring high, people pin hopes on investment returns, while purchasing flats in the city. Round the clock security, water and power supply, after sales maintenance are other additional benefits of residing in flats that the people mention.