Blog
Introduction
Kerala is a small state, bathed in sunlight, receiving a lot of sunshine, in the southwest of India. It is rich in geography, has 95% of the people literate, and high and rising tourism trends. It has reached a population of 34 million and developed into an economy seriously driven by its remittances, agriculture, and urban development. Cities like Kochi, Thiruvananthapuram, and Kozhikode are leading Kerala’s real estate growth, attracting both residential and commercial investments.
Key Cities for Real Estate
- Kochi: A booming IT and trade hub with growing demand for luxury homes, office spaces, and retail properties. Areas like Kakkanad and Vyttila are prime for investment.
- Thiruvananthapuram: The capital city is known for residential demand near IT parks and educational hubs, especially in Kazhakootam.
- Kozhikode: Popular for industrial growth and tourism, it offers high-end residential projects and commercial opportunities near West Hill and Mavoor Road.
- Alappuzha: Tourism boosts demand for vacation homes, luxury resorts, and serviced apartments.
Current Trends
- Residential Market: Rising demand for both affordable and luxury housing, especially in urban areas and tourism hubs.
- Commercial Sector: Kochi and Thiruvananthapuram see steady growth in IT parks, malls, and retail spaces.
- Tourism Properties: Increased interest in vacation homes and resorts in scenic areas like Alappuzha and Kovalam.
Investment Opportunities
- Residential: Affordable homes in Kozhikode; luxury properties in Kochi’s Marine Drive and Edappally.
- Commercial: Office spaces in IT hubs and retail outlets in urban centers.
- Tourism: Resorts and serviced apartments in Varkala and Alappuzha.
Legal Insights
- Non-Keralites face restrictions on agricultural land ownership. Ensure clear titles and verify legalities before purchasing.
- Stamp duty and registration fees vary by property type and location.
Homeowners Guide
- Kozhikode and Alappuzha are rising into emerging zones that have to be looked over by high end buyers.
- Invest in areas that would generate a higher rental income, which are closer to I.T. hubs and student zones.
- Title clearances, as well as scrutinizes documents to ascertain whether the land has been properly owned or not, are to be done nowadays.
Real Estate in Kerala: Thriving market bringing with it many property prospects, both residential and commercial, to be looked together with tourism-related properties. The strategic investment in this state will result in a happy promise of long term growth and value.