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Indian Real Estate
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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
Thrissur: Top Upcoming Real Estate Markets in Kerala
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.
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Kottayam: Top Upcoming Real Estate Markets in Kerala
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.
Kollam: Top Upcoming Real Estate Markets in Kerala
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).
Kasargod: Top Upcoming Real Estate Markets in Kerala
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.
Thiruvananthapuram: Top Real Estate Markets in Kerala
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.
Kozhikode (Calicut): Top Real Estate Markets in Kerala
Kozhikode (Calicut) is emerging as a major player in Kerala's real estate market. This historic port city offers a compelling blend of charm and progress. Beyond its historic past and lovely beaches, Kozhikode has a thriving IT sector. This growth driver attracts professionals looking for sophisticated living spaces, which drives development in a variety of micro-markets. Kozhikode's micro-markets are noted for their modern infrastructure, which caters to the needs of a technologically savvy population. The city's affordability in comparison to other major Kerala's parts makes it even more appealing, attracting investors and homebuyers looking for a promising balance of lifestyle and value.
Kannur: Top Real Estate Markets in Kerala
Kannur is emerging as a key contender in Kerala's real estate market. This idyllic city in North Kerala has a rich cultural past which makes it a unique living experience. The rise of micro-markets catering to varied budgets with residential projects ranging from apartments to independent houses is an essential factor of Kannur's growth. This targets a broader audience, including young professionals and families.
Thiruvalla (Pathanamthitta): Top Real Estate Markets in Kerala
Thiruvalla, located in Pathanamthitta district, is quickly emerging as Kerala's next big real estate market. Thiruvalla is known for its spiritual landmarks and educational prowess, and its citizens enjoy a peaceful environment. Offering a variety of residential alternatives such as flats and plots at cheap prices, as well as outstanding social infrastructure, it appeals to both families and younger workers. Thiruvalla is also closer to Sabarimala Ayyappa Temple. Thiruvalla exemplifies Kerala's developing real estate environment, attracting both investors and homebuyers.
Malappuram: Top Real Estate Markets in Kerala
Malappuram, located in North Kerala, is enjoying an increase in real estate activity, due to its robust agricultural and educational sectors. The upcoming Malappuram Bypass project will boost this growth trajectory, bringing localities such as Manjeri and Kottakkal to the spotlight of investor's interest. As the region grows into a thriving real estate market, its strategic position and development activities highlight Malappuram's potential as one of the top investment destinations in Kerala.
Palakkad: Top Real Estate Markets in Kerala
Palakkad, situated in the crossroads of Kerala and Tamil Nadu, is growing rapidly as a desired real estate destination. Its thriving industrial sector and great connectivity make it an attraction for investors. Regions such as Malampuzha and Kanjikode have seen remarkable growth, thanks to infrastructure advancements and a favorable investment climate. Palakkad's strategic location and thriving industrial landscape make it an attractive site for both business and residential residential.
Bonus:
Varkala
Varkala, a charming coastal town in Kerala, has emerged as a popular choice for second-home buyers. Varkala is known for its pristine beaches, magnificent cliffs, and expanding Ayurvedic wellness sector, which provides a unique blend of natural beauty and holistic rejuvenation. Its serene ambiance, along with the ability to rest amidst breathtaking scenery, has made it a popular choice for people looking for a peaceful retreat from the hustle and bustle of city life. Varkala's attraction as a second home destination is only going to expand as Kerala's real estate market thrives, making it an appealing option for anyone looking for a healthy blend of leisure and property appreciation.
Munnar
Munnar, located amidst the gorgeous Western Ghats, has long attracted travelers with its breathtaking natural splendor. Verdant tea plantations, tumbling waterfalls, and mist-laden hills provide a magnificent scene that has earned the nickname "God's Own Country." Tourism to this idyllic hill station continues to grow, as does the desire for a home. The temptation of owning an idyllic home in this pristine area has been increasingly appealing to individuals looking to escape the hustle and bustle of city life. Munnar's mild environment, combined with its closeness to major urban centers, has cemented its reputation as a desirable destination for both homeowners and investors.
Kasaragod
Kasaragod, Kerala's northernmost district, is in the process of transforming itself into a promising industrial hub. Significant expansion has resulted from the region's strategic location, as well as the state government's emphasis on industrial development. This expanding industrial landscape has had a knock-on effect on the real estate market. Kasaragod is experiencing an increase in real estate prospects as the demand for industrial space, warehouses, and commercial establishments grows. Investors and developers recognize the region's potential and are aggressively investigating opportunities in both the residential and commercial sectors. As Kasaragod continues to flourish as an industrial powerhouse, the real estate sector is prepared for significant growth and development.
Kovalam
Kovalam, renowned for its pristine beaches and laid-back ambiance, has emerged as a coveted location for real estate development. Its status as a perennial tourist hotspot has spurred significant interest in luxury residential and hospitality projects. The allure of owning a beachfront property or operating a high-end resort in this idyllic setting is undeniable. As the demand for upscale accommodations and exclusive living spaces continues to rise, Kovalam's real estate market is poised for substantial growth. The convergence of natural beauty, tourist influx, and increasing disposable incomes make it an attractive proposition for investors and developers alike.
Wayanad
Wayanad, Kerala's verdant treasure, has become a popular real estate investment destination. Wayanad, known for its magnificent natural beauty, rich biodiversity, and tranquil atmosphere, has piqued the interest of both property purchasers and developers. The district's booming eco-tourism business, which is characterized by an increasing influx of domestic and international tourists seeking immersive environmental experiences, has driven up demand for residential and resort properties. As a result, real estate development in Wayanad is booming, with investors realizing the region's enormous potential.
Also Read: Naalukettu: Traditional Houses in Kerala
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.
Related Blog:
Check out our blog on simple traditional kerala house
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Home in Bangalore - Real Estate Website
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Real Estate Industry After the Second Wave
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