It is observed that real estate Kerala prices are shooting up every day in almost all parts of the state. The state of Kerala earns a large portion of revenue from its booming real estate market and property transactions. Now Kerala is facing a tremendous hike in housing and land prices in prime townships of the state. It is fact that most prices of real estate properties in Kerala became out of reach of common man. Several factors can be attributed to the real estate bubble in many urban areas of Kerala. High density of population makes property market in Kerala a hottest segment of economy. Property market in Kerala cities like Trivandrum, Kochi, Kozhikode, Kottayam and Thrissur had always been a nice investment opportunity for investors. Non Resident Keralites find real estate sector of the state as a fertile landscape of investment. Influx of foreign currency to the state economy gave a boost to real estate sector of Kerala mainly concentrated in south and central Kerala. As the price of natural rubber skyrocketed, many people started buying rubber plantations located in Kottayam and Idukki districts. Announcement of several development and infrastructure projects in Kerala gave an impetus to state’s real estate arena. Growth of Kerala real estate market scaled new heights of unprecedented dimension in the previous years. Change in socio economic equations of Kerala led to the demand of more luxury apartments. Growth of job opportunities in Kerala’s important cities such as Trivandrum and Kochi led to an increased investment in property market.
|