What are the best localities to invest in Kerala?

Malayalees, who live outside Kerala are actively investing in the land back home. The real estate market of the state is active and many cities are seeing rapid growth and development. The realty growth of the state is clearly seen as we travel along the roads. The city houses a number of beautifully crafted villas and individual houses. The city is gaining momentum for the apartment projects. The increased demand for the real estate properties has attracted a number of prominent builders to invest in the realty market in the state. The government of Kerala has enacted the ordinance to control the real estate market in the state. The state holds the pride to be the second one to enact the ordinance after Maharashtra. Districts such as Kochi, Trivandrum, Thrissur, Kanhangad, Kannur, Palakkad and Kottayam are the hottest real estate destinations in Kerala. Kochi: Kochi is one of the most preferred real estate destinations in the state. The city is witnessing rapid growth and development in various angles. Kochi metro rail project has made a major impact in the real estate market located along the corridor. A large number of real estate developments are happening in and around the area. The localities along the proposed corridor are gaining attention. The property prices in these areas have seen good appreciation over the past few years. The presence of IT firms has triggered the residential demand. The young IT professionals employed in these companies are looking for apartments whereas, the NRIs are showing interest in the villa projects. The micro market is witnessing constant demand for properties priced around INR 40 lakhs.rnThe smart city project is another boon to the real estate market of the city. Kochi-Mattancherry-Central City is selected for this ambitious project. These areas are expected to witness tremendous growth and development. For good returns on investment, consider projects located close to the IT parks and the micro markets located around the metro rail corridor. Trivandrum: The capital city of Kerala is seeing growth and development. The presence of strong IT and ITeS sector in the city has contributed to the growth of the residential real estate market. The real estate growth of the city is enormous and the suburbs are also seeing rapid growth and developments. The residential market is seeing demand for luxury, affordable and mid-segment apartments. If you are looking for projects for investment purpose, you can look for projects located in areas around Techno Park. This will give good rental returns. Thrissur: Thrissur is another city, which sees rapid growth in the real estate market. The city is known for the presence of important religious places. The city is an important tourist destination and this is transforming the city into an important investment destination. Thrissur has emerged as an important hub for the commercial, retail, banking and financial services. Sobha Limited is coming up with an integrated township project in the state and this will house a mall spread across 4,50,000 Sq. ft. of land. If you are looking for residential properties in Thrissur, you can consider residential properties such as TBPL Ambady Enclave by Thrissur Builders Pvt Ltd., Confident Elite by Confident Group, Jos Alukkas Imperial Tower by Alukkas Realtors India Pvt. Ltd., etc. TBPL Ambady Enclave in Guruvayur offers 1 and 2 BHK flats for sale. If you are looking for investment, you can consider the project.