Kerala the land of coconut and paddy fields, is a strip of green canopied land on the southern part of peninsular India bordered by the Arabian Sea on the west and mountain peaks on the east. It has a 600 km long shoreline.
Exceptionally different from the rest of India, Kerala has developed attributes, which are exceptionally unique and comparable to the most advanced nations in the west. For example, the rate of literacy is about 90 – 100 per cent.
The real estate and construction business in Kerala went through a dull phase but lately the announcement of various projects like the Smart City project has added life to the real estate segment recently through out Kerala. Land and labor prices in Kerala is lower than most strategic states like Bangalore and Delhi and hence the interest among major national builders.
According to major builders, over 50,000 apartments and flats would be needed in Kerala in the next couple of years. The number of Kerala Apartments and flats will continue to rise through the next decade.
Villas are also in demand in major towns though rising land price is driving the demand for Kerala apartments to new heights. Demand for Kerala apartments and flats especially from NRIs is already high and most apartments are being booked as soon as bookings open.
