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Rise in real estate prices in Kerala

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Rise in real estate prices in Kerala

Last updated: December 29 2014
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  • Rise in real estate prices in Kerala

    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.
  • #2

    #2

    Re : Rise in real estate prices in Kerala

    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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    • #3

      #3

      Re : Rise in real estate prices in Kerala

      Do You know the Price now.. in 2014

      Comment

      • #4

        #4

        Re : Rise in real estate prices in Kerala

        You are true Mr. Suman. The price are much increasing drastically for apartments in kochi.... Its Very hard to get those now

        Comment

        • #5

          #5

          Re : Rise in real estate prices in Kerala

          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.

          Comment

          • #6

            #6

            Re : Rise in real estate prices in Kerala

            Originally posted by realestatex View Post
            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.

            Comment

            • #7

              #7

              Re : Rise in real estate prices in Kerala

              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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              • #8

                #8

                Re : Rise in real estate prices in Kerala

                Kerala's Gulf connection may end in next 4-5 years, survey says - The Times of India

                Comment

                • #9

                  #9

                  Re : Rise in real estate prices in Kerala

                  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.
                  Last edited August 1 2017, 01:36 PM.

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                  • #10

                    #10

                    Re : Rise in real estate prices in Kerala

                    Originally posted by FrankGilbert View Post
                    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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