Kerala, a land renowned for its spices, rubber and picturesque nature has recently witnessed manifold developments that are astonishing. With many big players of IT and other industries venturing in the state Kerala is being seen as the next best destination for many job seekers and the next commercial hub of India. Whilst all this, the vertical that has been immensely benefitted is the Real estate in Kerala. With the rapid growth and precipitate development there is resulting augmentation in the demography of the state. This in turn has accelerated the demand of real estate in the state.
Apart from the industrialization, other striking factors that have largely contributed are recent announcements of many ambitious projects in Kerala. Among them Kochi metro is the forerunner, if traders are to be believed the accomplishment of the project within the stipulated time i.e. 4 years, will give an incredible boost in the demand and price of the properties in the state.
The hatching of one city is inevitably the evolution of the others, not only Kochi but other cities in the state is also going to be benefitted with such commencements. Currently, though many cities in the state cannot boast of industrial players as compared to Kochi and Trivandrum but the educational institutions, remittance from the Keralities living abroad and proximity to other big cities like Bangalore and Mysore had proved to be pivotal in accelerating the real estate market in these cities. But with many important and huge projects burgeoning in these cities, they are also sure to be in competition soon.
Buzz is that some interesting projects are on the anvil at Calicut like HiLite City, with a budget of Rs. 900 and mono rail project envisaged by the Kerala Road Fund Board for an estimated cost of Rs.1,018 crore. Trivandrum on the other hand is waiting for the Engine Assembly Unit of Volkswagen at an estimated cost of Rs 2,000 crore. As per the sources Ravi Pillai, founder of the RP group plans to invest Rs.1,000 crore in the same city to set up a world class convention center. With things rolling and projects in full swing, realtors are also geared up and guarded to combat the deadlines and give their customers their dream house within time.
It is a very common practice that people dabble in the real estate market for investment, as we all know that investment is like a game of roulette, irrespective of the market. Therefore, before investing one must be sure of security, return on their investment and the agent with whom they are trustworthily putting their money in. It is very important for any buyer or investor to gather knowledge about the credibility, market standing license and customer feedback of the concerned realtors before putting their savings at stake. As we all know all that glitters is not gold, even if you have opted for the best real estate agent do your homework so that there is no ruing or lamenting in future.
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A Tryst of Progression And Realtors in Kerala