Gone are the days when everyone lived in his or her ancestral property. These days people travel far and work for a living in cities. Most nuclear families prefer life in city to that in a town or village.

Factors like quick access to workplace; educational institutions etc are prime motivators. However, the fast life of a city and the modern facilities life there offers are also point in favor of life in a city.

This general trend to live in cities has increased the interest in flats and apartments. Most city dwellers live in a Kerala flat or apartment and prefer the comfort and security of living in one.

Few city dwellers own their own flats. Most people with transferable jobs prefer to rent or lease a convenient flat for the period of their tenure. Flats for varying rentals are available.
Determining the rent is generally based on factors like the lon, rent commanded by neighboring properties and the assessable value determined by the municipal authorities, etc.
Most of the time while living in the cities most families opt to invest in a flat or apartment that suits their budget. With the booming real estate in the state and rising value of properties, this ensures them a good investment in the long run. Many retain their flats as lifetime income generator by renting it out in turn.