Perspective on Kerala Real Estate


Kerala Known to be “God’s Own Country” and India’s most beautiful state, Kerala has always been the tourist’s prime choice. Its rich cultural heritage and the natural beauty make it one of the ideal tourist destinations in India. Alappuzha, Kochi, Kollam, Kozhikode, Palakkad, Thekkady, Thiruvanathapuram are the places offering alluring sightseeing in Kerala. With the fast changing lifestyle of Malayalees, the state has witnessed a major growth and development in real estate for the past few years. Unlike their ancestors, today’s generation have begun to think about their own abode much early in life. Taking a definite cue from the present situation in the state, the prominent property developers have turned their attention towards developing Kerala real estate thereby bringing several innovative transformations in its infrastructure. Keralites have become more conscious of the living standards and want best for themselves. Now, they give priority to the projects that will best cater to their demanding requirements. Consequently, almost all the real estate developers in Kerala have categorized their products like budget, luxury, and premium. This is true in the case of both apartments and villas. Hot Property Destinations in Kerala With some big national players holding land in Kerala, residential property prices are also shooting up. Marine Drive, Kadavanthra, Panampilly Nagar, Edappally, Thevara, and Kakkanad are some of the prime locations in the state that have emerged as the hottest in terms of both demand and value. A multitude of residential projects are already on the development track in all these places. But the place which can indeed be called as the “star of the Kerala” is KOCHI that has made headlines recently with the privatization of the International Airport and the upgrade of its sea port. All such developments have brought wonders to the prospects of real estate in Kerala and its economy has been growing resulting in making high killings. Investors are also eyeing the plots near Ernakulam in Kerala. Located in the proximity to railway station, beach, and other important places, Mararikulam is going to be the next hot tourist destination in near future. A number of luxury hotels have already acquired the land anticipating boom thereby making it the ideal place for investments. Builders in Kerala have geared up to offer exclusive to Keralites. The upcoming luxury apartments in Kerala will feature an array of amenities including covered exclusive parking, landscaped garden, health club, high-speed lifts, and swimming pool. Apart from this, the focus is also concentrated on the quality construction. The new residential complexes are built using the best available raw materials and most of them have modular kitchen, granite flooring and decent bathroom accessories. The arrival of event management companies and booming industrial sectors of Kerala have played a pivotal role in changing the commercial real estate scenario of the state, which is on constant rise. Investments in Kerala real estate promise high returns in the wake of upcoming constructions. Kerala, emerging as one of the progressive states thus beckons the prospective investors from all walks of life. Cities of Kerala Adoor Manjeri Alappuzha Mavelikkara Alleppey Moovattupuzha Alwaye Mukundapuram Badagara Munnar Chenganassery Ottapalam Chirayinkeezhu Palakkad Ernakulam Palghat Idukki Pathanamthitta Kannur Perumbavoor Kasaragod Ponnani Kochi Thekkady Kollam Thiruvananthapuram Kottayam Thrissur Kozhikode Trichur Malappuram Varkala