Any investment in buildings is expected to appreciate by 100% in the next two to three years. Rental income could also grow by up to 10%, according to experts. Any venture in Kerala real estate now, particularly in the swiftly growing Kochi, could reap generous proceeds.
The realty developers are offering flats and villas in areas like Kochi, Thrissur, Thriuvananthapuram, Kozhikode, Kottayam, Thiruvalla and Munnar. They range in value from Rs. 25 lakhs to 1 crore and even above. Many financial agencies like HDFC and SBI are offering loans of up to 85% of the value of the property.
A number of reasons for the market explosion in Kochi and the rest of the state can be seen. They include the government approval for the Smart City, which is expected to create 100,000 new jobs, clearance for the Vallarpadam Container Terminal and the expansion of Info Park, in which will need an extra 65,000 staffers.
Besides, Kerala is actively promoting health tourism, and lots of fresh investments are pouring into the state. The IT sector alone is expected to contribute to a great inflow of people in the coming years.
Kerala is growing as never before and the best indication of its potential is the fact that non-Malayalees are heavily investing in real estate now. Currently, NRIs constituted 40% to 50% of the real estate market. It is the right time for NRIs to invest in the state.
Up to now Kerala real estate market growth was a modest 20% to 30%. However, owners of Kerala flat and apartment are going to experience a never before boom at the rate of 100% increase in a couple of years, especially. The current price of Rs2500 per sq ft is modest compared to Rs4000 in Bangalore. Kochi is predicted to be soon a metro city.
You cannot post new topics in this forum You cannot reply to topics in this forum You cannot edit your posts in this forum You cannot delete your posts in this forum You cannot vote in polls in this forum
Forum FAQ
Search
Usergroups
Profile
Log in to check your private messages
Log in
