Kerala is known for its scenic beauty and vibrant culture. It is a major tourist destination for many years. Of late the state is also experiencing a growth in the economy. This is due to the investment flow into the state and infrastructure development. These factors make Kerala a prime destination for real estate investments. Builders in Kerala are constructing the best projects with world-class amenities to meet the growing demand for residential units in the state. As infrastructure grows, new micromarkets are created further driving more real estate projects here.
Let us look at the top 5 places for property investment in Kerala:
1. Kochi
Kochi is the financial capital of Kerala. It is a popular tourist spot and now an IT hub too. The demand for housing is growing in Kochi. It has the best infrastructure, and the new metro project will improve the connectivity between different locations in the city. Flats in Vytilla are in demand due to the best facilities and amenities the residential projects offer here.
2. Trivandrum
Trivandrum is the capital city of Kerala. It is a major city in the southern region of the state and has been in the limelight recently for the growth of the IT sector. Trivandrum has a variety of residential and commercial projects to choose from. The investor can expect a good appreciation in property value. Due to the rising population looking for rental accommodation, investors can be assured of good rental returns.
3. Calicut
Known as the cultural hub and educational center of Kerala. Calicut or Kozhikode is the emerging destination for real estate in Kerala. The city is known for its serene weather and clean air quality. It is an ideal destination for new home buyers looking to settle down. Investors who have invested in flats in Kochi can consider investing in Kozhikode too.
4. Kottayam
Kottayam is the ideal destination for those looking for an ideal mix of modern lifestyle in the lap of nature. The city has good industrial development and avenues for recreation. Investing in Kottayam can give good returns as the real estate development in the city is improving. Staying invested for long periods can give sizeable returns on investment.
5. Thrissur
Thrissur is well known for its cultural significance. The vibrant festivals and scenic surroundings make Thrissur a good option for investment in Kerala. Like the apartments in Kochi, investors can get good rental returns and price appreciation on their property on investment in Thrissur. It is well connected to other major cities of Kerala.