Kochi, Kozhikode and Thiruvananthapuram
It's high time we look past these major real estate hubs of God's Own Country and explore the underrated and fast growing real estate markets as well.
However, it does not mean completely ignoring the major hubs but rather giving due attention to the markets that help your portfolio grow. After all, information is one of the founding stones for any market.
Kerala has always been termed a tourist destination, but the real estate sector has had its own stable growth over the years. Apart from the native or local transactions, most of the outside investments at first were focused on travel destinations, especially in the hospitality segment, homestays, and resorts, as well as in the commercial segment as well.
Now Kerala has grown beyond tourism and is one of the major maritime players with multiple ports, a growing IT sector, and a shopping and commercial segment catering to the large NRI populace. All these factors make Kerala an interesting investment hub.
Now let's explore the Top Real Estate Markets in Kerala to Watch
The cultural capital of Kerala is also one of the state's premium realty markets. Endowed with various historical and cultural landmarks, including the famous Vadakkumnathan Temple, the city offers a varied inventory in terms of apartments, villas and plots. After Kochi and Kozhikode, Thrissur has the highest largest urban populace. It is also home to the four largest scheduled banks in the state.
Just as is the case with others in Kerala, the majority of the populace is involved in the buying and selling of plots and independent houses for sale in Thrissur.
The next largest segment is naturally apartment complexes, infact Thrissur is home to many of Kerala's most reputed builders and developers. With its proximity to Kochi, the city has shown huge growth in the real estate sector.
Kottayam is called the land of Letters and is home to some of the major publishing, news and media houses of Kerala. Being
Kottayam has a high demand for residential properties, particularly apartments and studio flats. Contrary to the ongoing trend in other parts of Kerala, both the senior citizens and the youngsters prefer the high rise flats in Kottayam.
The senior citizens prefer the city and flats as it is far easier to get medical care and attention. The youngsters who are looking to move out of their homes also prefer the same segment. However rich in the NRI populace, most are interested in Villas.
The search for independent houses for sale in Kottayam is focused on more taluks and localities such as Pala, Changanacherry, Kumarakom etc.
There's an old saying in Kerala, " Kollam Kandavanu Illam Venda", which roughly translates into, the beauty of the city mesmerising every visitor and making them leave their native and settle in Kollam. Kollam or Quilon back in ancient times, just like Kochi, was a major trade port that had international connections, including the Arabians, Far East, Romans, Chinese etc.
A significant city as the capital of the Venadu Dynasty, even now, Kollam stands tall among the metropolises of Kerala with a booming realty sector. It was termed the tenth fastest growing city by EIC and is one of the least polluted cities in the state. The city is also famed as the Cashew capital of the world and also has a great port and fisheries sector as well.
The major realty segment is the lands for sale in Kollam and nearby areas. Mostly residential and commercial regions cluster towards the CBD or towards Trivandrum, which is a hub for government employees (more on this later).
The Saptha Bhasha Sangama Bhoomi is yet another major realty market that has shown great potential after the Calicut and Malapuram in Northern Kerala. Its proximity to Mangalore, Karnataka and Mumbai, Maharashtra, also helped it greatly boost its realty sales in the Q3 of 2022.
The capital of Kerala is never an upcoming real estate market but an evergreen one. The city's growing economy, well-developed infrastructure, and cultural heritage make it an attractive destination for those looking to invest in real estate.
The metropolis just like Kochi has a huge IT Sector and is also the base of Southern Air Command. Just like Kollam, Thiruvananthapuram also has a good presence as a Port, International Trade and Fisheries hub. The former seat of the Travancore dynasty, there is a rich history associated with the city.
As the capital, the city is home to a great number of government officials and employees. The city is also said to have a huge potential due to its vast stretches of land for the construction of a varied number of both residential and commercial real estate ventures.
So guys, what do you think? Just leave your thoughts in the comments.
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