The real estate activities in the God’s own country, Kerala is active and has plenty of options for a buy or for an investment. Real estate developments and activities in the state are improving day by day and is becoming one of the favourite market among the non-resident Indians (NRIs).
There are a number of options in the realty market of Kerala. Independent houses and residential plots are the most preferred ones among the buyers. These have its own advantage. In case of independent houses, it is a good option for both buy and invest. In terms of independent house, both the building and the land belong to the buyer and the appreciation of land price is enjoyed over the years and living in an independent house gives a better feeling rather than living in an apartment. For investors, rental income and appreciation are the returns on investing in independent houses. Plots are one of the best options for investment and this gives good returns over the years though the initial investment is huge.
Another trend in the realty market is apartments and villas. The villas are expensive but very spacious and is one of the best options for a luxurious living. This is a good investment and is also a good option to buy. Apartments are available in various sizes. If you are planning to buy a luxurious apartment or an affordable property, Kerala has it all.
The state is bounded with nature, water and greeneries everywhere. Waterfront plots are one of the best investment areas available in this market. The realty market of Kerala is blessed with such properties. These are quite expensive, but it is worth investing, but very few are left. These properties are good for both investment purpose and for a buying decision.
The state is blessed with farmlands and this is one good option to invest as there are good potential for a regular income. Large parcels of land are available in the state. Such properties in Kerala are a good and clever way to invest as land appreciation cost can be enjoyed over time. The main advantage of buying land in large portions is that it can be availed at a cheaper rate rather than buying small pieces of land at higher rate comparatively.
The state also has commercial properties for investment. Kerala is famous for its tourism and owning a holiday home here is a dream for many. Such properties are available in less number and if you are looking for a second home, the state is the best option.
Properties in Kerala are seeing good demand from non-resident Indians (NRIs). Malayalees who are living in different parts of the world are keen in investing in their homeland. This is one big reason why real estate in Kerala is growing day by day. Kochi stands as the favourite micro market among the home buyers and Thiruvananthapuram stands second as these localities are well-developed with good social and physical infrastructure. These localities have IT companies and the workforce is also contributing to the increase in demand for the residential real estate. The state is becoming one of the most attractive realty markets in the country.