Kerala real estate property market investment

Real estate and property market in Kerala has benefited from the tourism potential of Kerala. Property prices in urban cities as well as places of tourism have risen. The total land area of Kerala is about 38,863 square kilometers. The capital city is Thiruvananthapuram.

Kerala is divided into 14 districts: Alappuzha, Ernakulam, Idukki, Kasaragod, Kannur, Kollam, Kottayam, Kozhikode, Malappuram, Palakkad, Pathanamthitta, Thrissur, Thiruvananthapuram and Wayanad.

As the economy grows, demand for high-end residential and commercial property increases. Residential property includes apartments and villas. As mentioned earlier, demand from tourism has also led to the development of places of recreation, hotels, spas, etc. Regions such as Marine Drive, Kadavanthra, Panampilly Nagar, Kakkanad, Edappally, etc, are attractive destination for real estate investors. India's first marina is to be built in Kochi (between Marine Drive and Bolgatty Island). Expectedly, competition among real estate developers to procure premier site leads to increase in land prices.

The Government is also playing its role to Kerala more attractive to investors. This includes teaming up with the private sector to improve infrastructure, for instance - privatization of airports. Kerala State Housing Board is another organization that is involved in residential and commercial property development.

More facts about Kerala

The total population of Kerala is about 32 million. The state is one of the most literate and gender-equitable region in India.

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Real estate and property market investment in Kerala