Real Estate Trends in Kerala- 2019
Real estate is one of the very profitable businesses in Kerala, and the outstanding growth of developers and real estate business is a testimonial to this. What makes Kerala thriving in the real-estate sector is its booming IT development with tremendous employment opportunities, cities with good infrastructure, tourism, commercial growth, road, rail and air connectivity, and more. While analysing the real estate trends of the past few years, we can see a sudden spurt from just affordable space to premium luxury abodes and advanced concepts in housings and commercial sector in 2019.
Today’s young generation, who are much more thoughtful about a private space of their own, is ready to invest a pretty good amount in owning a home. Gulf-employed non-resident Keralites play a major role in Kerala real estate. With the increasing standard of living and quality of life in Kerala, people look for the best real estate developers to give wings to their dream home. Being one of the top real estate developers in Kerala, Skyline Builders understands the varying customer needs and tries to make ensure that they all get the best accommodation solution. What you will find in Skyline customers is a trend of appreciation that adds value to real estate trends in Kerala. The luxury and premium flats of Skyline are the best in every aspect.
Changing Real Estate Market in Kerala
Residential, and commercial real estate investments are witnessing a good increase of demand in Kerala. According to the 2011 census, the average urbanization rate in Kerala is nearly 48 per cent, with a range of 53–68% in the three cities Kochi, Thiruvananthapuram, and Thrissur, which results in the booming of real estate trends also. Kerala real estate sector is a real blend of meticulously planned projects, including residential layouts such as apartments, villas, & flats, high-end commercial establishments, IT parks, etc. The present situation of Kerala realty indicates that eminent builders and developers are adopting innovative designs and transforms to grab more property buyers.
Sought-after Property Spots in Kerala
While Kochi, Trivandrum, and Thrissur top the list of the most popular property destinations in Kerala, Kozhikode, Kannur, Kottayam, Thiruvalla, Kollam, and Pala also stand in the row with umpteen real estate projects and layouts.
Kochi
Kochi, the commercial capital of Kerala is one of the hotspots of property investors. With metro rail services, immense job opportunities, accessibility to the airport, Infopark, and marine industries, Kochi attracts a lot of property buyers every day. More people are getting enticed to property investment, which results in the increased demand of the real estate. Well, to name a few, Edappally, Kadavanthara, Kakkanad, Palarivattom, Cheranalloor and Vytilla are main trending locations in great demand for people to set up houses or establishments. Suburban locations like Angamaly are also attracting real estate investments after the establishment of INKEL IT park. Houses for sale in Angamaly are definitely a futuristic real estate investment in the most fast-paced developing hotspot in Kochi.
Trivandrum
As Kerala’s capital and the second-largest city in the state, Trivandrum is home to a great number of State as well as Central Government establishments and private business organizations. What makes Trivandrum one of the desirable locations for property buyers and people who are willing to buy flats, villas, apartments include a lot of factors such as tremendous job opportunities. There are many luxury villas and flats near Technopark, Trivandrum as the demand for comfortable and luxurious accommodations are increasing in this belt. Along with these, a lot of other public and private sector business projects coming to Trivandrum city also pave the way for real estate growth. The major real estate property builders like Skyline Builders have a strong presence in Trivandrum with its luxury apartment projects; the investments in the city are sure to take a better turn in the future days.
Thrissur
Thrissur, the Cultural Capital of Kerala, is one of the top realty hotspots in Kerala. Besides the sheer natural beauty, flourishing IT industry, upcoming commercial projects, proximity to micro-markets, and good community areas serve as the major reasons for today’s generation to choose Thrissur for their property investments and real-estate purchases. The latest trend in Kerala real estate sector points that a large number of non-resident Indians as well as IT professionals, and retired employees show great interest in Thrissur to settle down in the state. Since most of the industrial investments in Ernakulam, the major financial and commercial hub of Kerala, is more concentrated in the northern region of the district bordering Thrissur, we can witness a striking growth in the real estate sector of Thrissur also.
Flourishing Kozhikode
Kozhikode, known as the capital city of Zamorins is well-off with money from NRIs and developing IT, and other business projects. Considering various parameters such as education, health, entertainment, public facilities, environment, safety etc, this third largest city in Kerala is ranked second as the best city to live in according to the study done by the economic research firm Indicus Analytics in the year 2007. The trend shows that the market is currently focusing on flats and apartments more than villas. Home to many industrial establishments, superior educational facilities like IIM & NIT, and other projects like cyber parks etc, Kozhikode is becoming one of the most desirable locations for real estate investment. Buying flats in Calicut is will definitely be one of the best real estate investments in 2019.
Latest Trends in Kerala Realty
The 2019 real estate trends of Kerala makes it clear that, with the progress in people’s socioeconomic status and easy availability of home financing, the new generation is encouraged to invest in their dream homes. The rising developments in Kerala’s major cities certify that today is the best time to start investing in real estate. Skyline Builders in Kerala have geared up to provide exclusive offers to people. Buying a property or home not only brings your peace of mind and pride of ownership but will also be a long-term investment.
While considering the wide range of amenities you may desire for your home, Skyline villas, flats, or apartments would be the best choice. Exclusive parking, sprawling landscape garden, fitness centre, swimming pool, kid’s pool, children’s play area, clubhouse, Ac Multi-purpose recreation hall and many more constitutes Skyline abodes unique. It doesn’t matter which home builder you choose, what really matters is whether they have enough expertise and experience in the realty business. It is crucial to take into account the experience of home builders or property developers to ensure nothing goes wrong and there is little chance for errors.
