In Kerala, as far as the real estate business is concerned, the notions are fast changing. Till the other day apartments and villas were well received in the market and to some great extent, they are still continuing to get good response. And if you still thought that that is the only persisting trend, then you are wide off the mark.
With everything and anything connected to the real estate having brightened up significantly, the craving for dwellings apart, people are also opting for land, in a big way. This is being considered, by many, as an emerging trend. And more and more investors are turning towards land to safely park their money.
Malayalees are a lot, who traditionally, had a strong penchant for landed property. In Kerala it was always considered a matter of pride to own vast areas of landed property. But, with a radical change in the social pattern of the state, the concept of joint families waned and sprawling lands of tharavads were either sold out or were compartmentalized with partition walls. Reckonable aspects like great climate, serene surroundings, good communication network, easy accessibility, pollution free zones, lack of political unrest and better living standards in Kerala has transformed the state as one of the most sought after destinations in the country. Together with these supportive factors and an expanding market, Kerala Flats has become an investor's choice, especially for those who are looking at large scale and long term investment.
People who already own a house or a flat also consider buying a plot of land as a wise investment these days. With the housing finance companies having simplified the loan procedures, many feel that it is the apt time to invest in real estate. Many loan providers also have designed special schemes that allow aspirants to avail loan exclusively for buying land.
Most investors who opt for a plot of land do it with an expectation of assured returns in the long run. Investors feel that by putting their money in land, that too, in places like Kochi, the returns can be quite fascinating. The capital appreciation of land has gone up drastically in Kochi. Land developers feel that this is one important reason why the people are increasingly investing in plots in a big way.
It's true that the invasion of the younger generation, especially those with enhanced earnings, into the housing scenario has contributed to the growth of the real estate sector. The concept of townships and the virtues of secured community living have caught their fancy in a big way. And because of all these reasons, the investors are no more skeptical and they are more sanguine that the value appreciation is bound to happen. In Kerala, needless to say, Kochi is leading the way both in terms of demand and supply.



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