Author Topic: Demand for property in Kerala rises  (Read 2248 times)

Offline abcd

  • Newbie
  • *
  • Posts: 1
  • Reputation: 0
    • View Profile
Demand for property in Kerala rises
« on: January 03, 2013, 12:40:53 AM »
The aesthetic tourist locations and the development of IT parks in Kerala together have given a thrust to the kerala property market. People want to settle down in Kerala either temporarily or permanently. Many people move from their home towns to more developed cities since there are better options in career, and educational facilities. They want superior infrastructure, health facilities and lead a better lifestyle. As such they demand residential spaces where they can avail these amenities. Ready to occupy homes are preferred by many which has become a major reason for the boom of Kerala property market.

Most of the people, especially the young professionals employed with a decent salary compete to occupy the most luxurious home available, no matter how costly it is. The builders in Kerala thus have a high time as they gain much profit from their ventures. These professionals shift their residence to luxury apartments and villas near the IT parks for convenience. Thus the properties in such areas, like Cochin, prove to be more profitable for the builders and property dealers in Kerala. Villas in Kerala have started catching the attention of the NRIs and foreigners too as the architects are designing the villas in the traditional Kerala style. Even though the design is traditional, the amenities and facilities provided in these residences are cutting edge.

Apart from the natives, investments from foreigners and NRIs in Kerala real estate are also increasing each day. This has become a boon for the Kerala property market.