Top realty destinations in Kerala

Kerala real estate is one such industry that is mostly governed by external forces or investors rather than local ones. So how does this work. Kerala is one of the states with the highest NRI population in the country. Evidently this popular is keen on investing in their home land. Land is considered as the ultimate investment, but the NRI population and even local residents are looking at apartments as a good investment opportunity.

In big cities in Kerala with fast paced development, there is limited availability of land. Real estate prices are also soaring and making it unaffordable for many. With a state so heavily reliant on NRI investment, Kerala builders and land owners have opened up parcels of land for sale in different corners of the state.

Kochi remains to be the most preferred city in Kerala for investment. The reason being it’s rapidly growing infrastructure along with IT Parks. Kochi is the biggest IT hub in the state of Kerala and the biggest private employment centre in the state. The city has attracted a lot of migrant population too who come to the city for work. This has created a need for rental properties here. Your investment serves as a good rental earning machine too. This is one of the reasons why apartments are the most preferred investment choice in Kochi.

The thriving rental market is one of the top ones in Kerala real estate market. According to a recent report by IndiaProperty.com, "The city’s premier real estate destination is the Marine Drive where the property prices are sky high. However, the locality which is very popular with most home buyers today is Edapally, where the average prices are about INR 4600 per sq ft.

This is the only locality which has shown a marginal increase in prices in the past few months. Property prices in Aluva, a nearby town have gone down by 6% and are quoting at INR 3700 per sq ft in the quarter from January to March 2015. Other localities which are also preferred by home buyers are Panampilly Nagar, Kakkanad and Kaloor. Take the case of another suburb of Kochi, Tripunithura."

Other important investment hubs in the state of Kerala include Kozhikode, Kollam, Kannur, Palakkad, Kanhangad, Kottayam, Trivandrum and Thrissur. Trivandrum is the capital of the state and is the administrative capital of the state. Gated community, IT developments and parks and other mixed used development is popular is Trivandrum.

Kozhikode is the business and trade capital. Also known as Calicut, this area is popular for their luxury villas and gold and spice trade. Thrissur is also driven by local businesses.

I am writing for Indiaproperty.com. IndiaProperty.com is the one stop destination to all queries and searches related to real estate. Indiaproperty.com proudly is the No.1 portal for real