Industry sources have reported that, about Rs.135 crores are being invested in Apartment and flat industry in Kerala every month. This growth is more driven by the NRIs and due to the growing IT sector. An average flat in Thriuvananthapuram costs Rs. 25 lakhs while per sq. ft. price rates in Kochi range between Rs.2,000-2,500.

BPO sector is also a major source for the increasing demand of real estate in Kerala. It has not only increased the capital and rental values of commercial property but, it has also fuelled demand for housing of its workforce.

Improved transportation and telecommunications systems, chain of hotels, retailers, etc. are some of the factors paving way for the increase in prices for real estate in Kerala.
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  • Will u tell me?

    Hello Suman....

    What are the current rates going in Kollam (Kerala)? Looking forward for your replyyyyyyy

    Thanx
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  • Do You know the Price now.. in 2014
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  • You are true Mr. Suman. The price are much increasing drastically for apartments in kochi.... Its Very hard to get those now
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  • This is not the place for selling your products.Apartments/flats in Kerala is a big flop. All those who have bought are struggling to sell.
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  • Originally Posted by realestatex
    This is not the place for selling your products.Apartments/flats in Kerala is a big flop. All those who have bought are struggling to sell.



    I agree with you. :)
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  • Overall economic improvement,population growth, income generation etc will generate demand for realestate. I dont see any of these in Kerala.Most of the people prefer Bugalows.The main demand driver in Kerala is gulf money and Prize of rubber.When infrastructure improves people can come to city from far away places even faster.
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  • I think that the IT sector also have a big role in improving the inflammation trend of real estate in Kerala . The development of Smart City, Metro rail projects all have influenced a lot in making it more popular and a target spot for job seekers and normal residents.
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  • Originally Posted by FrankGilbert
    I think that the IT sector also have a big role in improving the inflammation trend of real estate in Kerala. The development of Smart City, Metro rail projects all have influenced a lot in making it more popular and a target spot for job seekers and normal residents.


    When infrastructure in a city or a state improves accessibility improves. Because of Metro rail, connectivity to Cochin will be better from all places around Ernakulam. With that logic the probability of appreciation of property in Ernakulam district is limited.When you have the option of staying in a spacious bungalow 15-20 km away with good connectivity why should somebody stay in an apartment/flat? Social infrastructure is available in every part of Ernakulam.
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  • Suman,

    Rise of real estate started long before. As per the report, Construction companies are more in kerala compared to other states in india. This indicated huge amount of investment in real estate field in kerala. This situation arised when builders in Kerala started targeting real estate business. They have constructed villas, flats, apartments, benglaves also office spaces. This have increased the demand of builders and real estate.
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  • Desperate builders

    It seems builders are really desperate. Even after conducting repeated shows in all the major Indian cities and gulf countries they are not getting any buyers. So they are using every opportunity to advertise their product.

    What report are you talking about? Every builder is trying to manipulate.They do the research themselves and try to influence the buyers.

    How many apartments in Cochin have enough drinking water supply? Is there any project with sewage treatment facility? Most of the buildings in Cochin area are real "bhooth bungalows".
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