Overview of Kerala’s Real Estate Market
In India, the southern region of Kerala is the topmost sought after Places for purchasing a flat due to its backwaters, beaches, tourism and Ayurvedic treatment facilities. Houseboats traverse the slow-moving canals that connect villages, towns and cities. It is also well known for its green hills and spice plantations. For those who are considering buying a property and earning from it, Kerala is an ideal case.
Role of Site in Real Estate Investment
While purchasing a property anywhere in the world including Kerala, Location is very vital. A proper check on the access to major urban centers, the presence of amenities like schools, colleges and hospitals, as well as the general environment of the area in consideration should be done before finalizing an area. The great thing about Kerala is that it has got different areas which have all the above mentioned characteristics making it great for peaceful family stay and investment with good prospects.
Best Places to Settle Down as an IT Professional in Kerala
1) Thiruvananthapuram
Tridandrum as a flat purchasing location is a good site. Being the capital city, it is relatively low on crime and has become one of the most peaceful and upcoming places for real estate investments. Young investors have an interest in Trivandrum because of the reduced levels of pollution and crime rate while providing a wide range of jobs. Furthermore, the city has many historical and save cultural places, and has tourist monuments in plenty. The transport and communication systems are also good and so it is easy for IT workers to move around the Technopark and travel to work. These are some of the factors that the increasing number of investors in properties here consider as incentives. So if you are searching for a decent and low maintaining place, definitely Trivandrum is what you need. There are numerous properties in the city so you will easily locate one which will cater for your requirements and aspirations. With the beautiful Grand flats and the cheap apartments, it would be the best of both worlds for you.
2) Kochi
Kochi is a grand city, often dubbed “The Queen of the Arabian Sea.” It is one of the best locales for buying residential property as well as an investment. It is also among the most popular locations in India to buy a flat because of its great infrastructure and connectivity. Cochin, popularly known as Kochi, is fun amongst many because of its great deal of employment opportunities provided at Infopark for IT folks. It is also a fantastic shopping center in the state. It is a major city of Kerala and is referred to as commercial capital of the state. It has two international airports and it has good linkages via rail and road as well which allows people wishing to travel to and from Kochi a lot of convenience. Kochi has seen an immense boom in real estate industry in the last couple of years with large number of builders launching projects in different parts of the city. It has resulted in the drastic boom in developmental activities. It offers a blend of housing choices starting from apartments to villa to even independent houses. Apart from that, the cost of housing and the overall price of living in Kochi is not very high like some other metropolitan cities across the country.
If you are looking for an investment in a house in the city of Kochi then you have made the good decision as Kochi is the most happening city in the state of Kerala.
3) Calicut
Calicut is the place that will best suit you if you are on the quest to buy a flat with absolute minimal noise going about. Keerla is one of the states in India where construction is at its peak making it one day an ideal place to make a living. This makes buying house in Kozhikode or any other part of the city attractive. Thanks to cyber park there is an increase in the number of IT employees in the area. There are a few things you should keep in mind if you are considering to get a flat in Calicut. First things first, flash sales in the flat market are an alarming rise which means if you have found a property that you like, make your move before its too late. The city is pretty diverse when it comes to the availability of builders making it more suitable for a buyer. In order to avoid going through the hassle of buying land, the state government has provided several frameworks and initiatives that guarantee convenience and speed. An affordability to buy land tends to be one of the main aspects which leads the buyers towards Kozhikode.
4) Angamaly
Let the distance not fool you. While Angamaly may seem less developed than Kochi and is few kilometers away from the outskirts of the city, the fact is Angamaly is among the fastest growing suburbs of Kochi city in the South Indian state of Kerala. Also, the town is taking shape as an important service and trade hub. Many people from Kerala who have been overseas in the Middle East or working in IT are relocating back and reinvesting into Angamaly. Due to this, there has been a significant hike in real estate markets within the vicinity. It is becoming a good location for purchasing a flat because of its cheap rates and because of its cost effectiveness due to its distance from the bustling city and the growth of the Cochin International Airport. Depending on the size and location, Angamaly has different apartment prices. By the size of the apartment area and as such the price tag, an apartment in the town is relatively cheap making it a perfect offering for investors.
5) Palakkad
Kerala has seen an unwavering growth in real estate in Palakkad. Palakkattussery has seen rapid growth since 2006, and now it is the largest district in Kerala. It is bordered on the southwestern by Thrissur District, the northwestern by Malappuram District, the north-eastern by Nilgiris District and Tamil Nadu’s eastern Coimbatore District. Similarly, the positioning of the Palakkad gap in the Western Ghats also provides an access point to Kerala. The goals in the real estate sector for the region are feasible because such gaps are often able to supply the requisite land mass, low degree of lawlessness, and the presence of reputable institutions of learning, information technology firms, tourism sites, as well as temples and monuments. The city is highly populated with a need for low-cost houses, farmlands, luxury apartments, costly houses, and business areas.
Conclusion: Ideal Locations for IT Professionals
This article provides recommendations of the ideal locations in which the residents can rent a flat in places such as Kerala for IT professionals and other people of interest. It is also very critical to take into account the area of the flat if in actual fact it is to be purchased. Commute to and from work including access to job opportunities is also worth considering factors.
The regions marked tend to be good for someone who is looking for a calm and tranquil place away from the city yet close to it. In case you wish to buy real estate in the state of Kerala, then these areas may suit you.
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