Due to the ongoing expansion of the Indian economy and key regulatory developments, the increasing number of multinationals coming into India has seen a number of professionals entering the cities on account of business for medium to short term. This has resulted in a demand for quality accommodation for longer periods. Companies prefer settling their expatriate staff in extended-stay accommodation like apartments which are near to their office and could be reached easily, as they are a cost effective alternative to extended-stay hotel accommodation. As Cochin City is growing as an IT city the city support Apartment Tripunithura and other apartments which are located at the prime places. In addition they also work out cheaper than quality unfurnished or furnished accommodation that companies need to provide to their expatriate employees. This concept is already developing and the near future should see a number of such facilities operational. However, the size is quite limited at present, because serviced apartments have only been offered in a few cities of India. Indian cities can be comparable to other major markets around Asia. Generally, middle to senior management positions in many international or foreign companies are held by expatriate employees, requiring medium to long-term accommodation. IT and ITeS based companies too generate huge demand for serviced apartments. Those companies in the formation stage would usually have their trainers being flown in for the initial set up of their operations and training of their staff and the duration of their visit could range from three months to two years.

There's a house you've set your heart on and wish to tell the broker that you should be the lucky one to live in it. The best way to do it is to seal the deed by issuing a cheque to the seller. It is the payment made by a purchaser of real estate as evidence of good faith that he intends to buy the property in question. Earnest money demonstrates the buyer's level of commitment to purchasing the property - an apartment or land. There's a note of caution though - the amount is forfeited to the seller if the buyer capriciously decides not to buy the property.