Property in Kerala, God's Own Country

Kerala in South India displays breathtaking beauty while denoting rich cultural heritage and natural beauty. An ideal tourist destination, it is the choice of millions of domestic and international travelers. The entry of prominent property developers and the perpetually growing demand from buyers & investors have been major boosters for Kerala real estate.

The property trends in Southern India have been changing with an emerging class of middle class buyers as well as growing NRI investments. The aspirations of people are now amplifying as cost of living increases and inflation sets in the country. Property in Kerala is among the most sought after investment choices for people both within and outside the nation. In residential segment, structures like premium apartments, multi storied flats, duplexes, etc. are coming up. The housing sector is already the favorite across India be it in a metro city or any of the tier-II, III & IV cities. Both luxury and affordable housing are developing at a rapid speed but mega apartment projects launched by leading builders at reasonable prices remain the buzz.

The real estate in India is the most viable option for investment currently as all cities, towns and suburbs blossom exponentially. Kerala realty takes you to the lap of nature with its picturesque surroundings, notable biodiversity and sparkling beaches. Some of the places witnessing large scale developments in the state are Thiruvananthapuram, the capital city; Kochi and Kozhikode. Undergoing an unprecedented construction boom, property market in ‘God's Own Country' is welcoming various transformations in its infrastructure. Being the hottest tourist spot in India, real estate in Kerala is progressing towards meeting international standards and setting new benchmarks. This most preferred realty hub is attracting numerous builders who are willing to pump in huge amounts of money into the sector.

Some of the important cities of Kerala include Kochi, Kozhikode, Palakkad, Alleppey, Trichur, Perumbavoor, Thekkady and Thiruvananthapuram among others. Buying property in kochi or Kerala has become easier with simple loan schemes extended by various financial institutions and banks. Finance companies act as a catalyst that enables home buyers to build their dream homes whenever they want. One should ideally opt for longer repayment tenure to enjoy maximum subsidies and to pay reduced amount of EMIs. With the announcement of Union Government on revising interest rates, it is to get convenient for buyers to finance their properties. The above measures are going to prove great help for Kerala real estate in expanding manifold and bring it to the levels of property market in metro cities.

The property sector had begun reviving early this year as robust economy of India showed signs of recovery end of last year. CREDAI (Confederation of Real Estate Developer's Associations of India), the apex body of the organized realty developers and builders across India has also confirmed that the sector is buzzing with activity. It further said that not only are there higher number of enquiries but also more leads getting converted into business. The reductions in property prices have been very important in triggering the movement in the sector not only in Kerala but in the entire nation. The bringing in of stimulus packages and lowering of interest rates has been significant in generating demand and leading buyers to action. Investors are now done with ‘wait and watch' policy and are ready to take advantage of discounted costs.

Kerala realty promises high returns on investments and so apart from Keralites, NRIs from across the globe are also looking forward to buy property in ‘God's Own Country'. The ongoing projects in the state such as Smart City, Apparel Park, Container and LNG Terminal are expected to enhance the growth all the more.