Market is opening up in Kerala for selling used flats and demolishing and rebuilding old apartment buildings, resulting in a boost for the realty sector. Now old flats can be sold at second-hand prices, broken down and rebuilt. Like old vehicles, jewellery, television sets and mobile phones, used apartments can also be exchanged for new ones. Asset Homes, known for their innovative concepts in the building sector, is introducing Koodumattom, the first ever exchange offer of its kind in the realty sector.
Koodumattom offers customers an opportunity to exchange their current apartment, house or land in exchange for a new premium quality Asset Homes flat or villa, explained V. Sunil Kumar, Managing Director, Asset Homes. This is a practice very much in common in the larger metros like Mumbai, he pointed out. This opens up an opportunity for customers to relocate by selling their current apartments, and for demolishing old apartments and building new residential projects, he added.
Koodumattom Scheme of Asset Homes increases the possibility for selling used flats, and demolishing and rebuilding old residential complexes. Apartment-living has been popular in Kerala for the last 30 years and most of the apartments built earlier are facing serious wear and tear. Koodumattom offers the apartment associations and societies an opportunity to buy apartments in the contemporary style with modern amenities.
Aspiring home buyers who are interested in selling their properties through Koodumattom may register at the Koodumattom Expo to be held at Hotel Radisson Blu, Elamkulam, Kochi,