[BonyDavid50]

Kerala Architecture is one of the most exciting examples of preservation of vernacular styles; multiple foreign influences, and Aryan invasion, and Dravidian culture of different rulers and neighbors failed to swamp its independence. The earliest traces of constructions in Kerala belong to a period roughly between 3000 B.C. and 300 B.C. The evolution of domestic architecture of Kerala followed closely the trend of development in temple architecture. The primitive models of circular, square or rectangular plain shapes with a ribbed roof evolved from functional consideration.

The EMI has gone up by over 36%.In places where the average price of two-bedroom Villas Tripunithura or Kochi is around Rs 30 lakh, at the present interest rate, it has become unaffordable for average income family having a monthly salary of Rs 50,000 per month. In and around the suburbs of Kerala, however, where a lot of development is taking place, the development scenario is a bit different. The developers are holding back the prices here. However the investors are finding it difficult to hold on to their properties. As most of the investors have bought these properties on borrowed money, they have to pay interest on the outstanding amount. In their monthly EMI, the major portion is constituted of the interest portion. But, the chances that after one year, you will be able to sell it at 12% premium over the present price are very low. At the same time, even if you try to sell the property at 5% discount to the existing price, you can invest the money to earn a return of around 10%. After one year, still you will be better off than if you does not sell the property. Such a bleak outlook on the investment in the real estate is exerting extra pressure on it. Even if the developers are not selling at a discount, the investors are putting pressure on the market by selling at the discounted prices. The sale price of residential projects has not gone up. Some builders have increased the price of its apartments in the last one month to pass on a part of the rise in the input cost. Many other developers have not been able to pass on the rise in the cost. This has squeezed the margin.