Kerala, God’s own country is one of the best tourist destinations and is now seeing a boom in the real estate sector with a lot of infrastructure developments happening around.
Malayalees living in different parts of the world and the country are interested in investing in their homeland. The boom in the real estate market in Kerala has resulted in the construction of beautifully crafted independent villas and luxurious multi-storeyed apartments. Many businesses are also coming into the state. With developments in the IT sector in areas like Thiruvananthapuram and Kochi, Thrissur is also seeing developments on a large scale.
One of the leading players in the gold and diamond trade, the Malabar Group is coming up with an integrated township in Thrissur and this will involve an investment of INR 2000 crore which would generate around 50,000 jobs. This project is developed as a mixed-use project with a world-class facility. The project will have IT hub, business cluster, residential developments, convention facility, shopping mall and entertainment options. The township will have the place to live, work and play. This project will enjoy the connectivity as it is located on the National Highway 47. Such developments leading to job creation are making Thrissur a promising investment destination. The retail segment is also playing well and one project to be named in the city is ‘Sobha City Township’, which will have a mall developed with 100 brands. This project has luxurious apartments, bungalows, villas and clubhouse. If you are looking for villas in Thrissur, you can avail one as many villa developments are happening in the city.
Kerala real estate is considered to be one of the investment friendly markets. With many Malayalees living overseas, the investment market is very active. Thiruvananthapuram, the capital city is also seeing a lot of developments happening in the realty market. Most of the residents of the city are employed in the government sector. The presence of IT sector has led to the boom of the real estate market here. Micro markets such as Karyavattom, Vellayambalam, Vattiyoorkavu and Vazhuthacaud are seeing increased real estate activities as the demand is high for these localities. The property prices are seeing appreciation with constant demand from the people. So, investment is a good option as rental returns and capital appreciation is expected. The city with the proposed and under construction infrastructure projects such as Vizhinjam Port, light metro will make a positive impact on the real estate market.
Kozhikode is another city which is transforming into a realty hotspot. The city is witnessing investments mostly from the Middle East and many IT companies are setting up their offices in the market. This will have a strong positive impact on the residential segment.
Kochi remains as one of the favourite residential markets among the home buyers and the investors, especially the NRIs. The city is well-developed with physical and social infrastructure. This is favouring the real estate market in a great scale. Marine Drive continues as a premium market.
Villas in Thrissur is also seeing constant demand from the NRIs and the high-end buyers. Other markets such as Kottayam, Palakkad, Kollam and Kannur are also seeing increased real estate developments.