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Real estate in Kerala witnesses upsurge

Discussion in 'Housing (Temporary and Long-term)' started by matriona, 05.06.12.

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  1. matriona


    [FONT=Arial, sans-serif]real estate in kerala is flourishing so rapidly that its fame has crossed the borders of the state. Apart from the natives, people from outside the state and even the NRIs nowadays have started investing widely in the Kerala real estate. The recent growth of IT sector and the multinational companies in Kerala has become an added advantage for the state, which is already recognized as a scenic tourist spot. Earlier, the success of real estate industry in Kerala largely depended upon the tourism industry, since much of the profit was earned from the luxury resorts and hotels, which the tourists occupy. But, recently as the IT sector boomed, the housing and construction industry too provides them equal or perhaps greater opportunities..

    [FONT=Arial, sans-serif]People migrate to urban cities in pursuit of better education and career. The lifestyle and daily busy schedule of people has persuaded them to prefer ready to occupy homes to building own ones. This has created an increase in the demand for ready to reside villas, apartments and flats, which the builders in Kerala put up for sale or rent. The demand for land is also having a considerable surge. Properties near scenic locations and IT parks are priced high compared to those in other areas. However, such properties have more demand..

    [FONT=Arial, sans-serif]Builders in Kerala provide both residential and commercial spaces. Besides selling, some properties are given for lease for a stipulated period of time. Buying and re-selling properties for higher amounts is also widely practiced in Kerala. .
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