Kerala has rightly earned the sobriquet ‘God’s Own Country’ for many reasons but mainly on account of its natural lush green settings and scenic landscape. The State has also attained a unique status on account of making it to the list of the top must-see global destinations. Over the last few years, tourism has been peaking in Kerala which has had a direct bearing on its economy and other related industries like the holiday homes in Kerala and real estate in Kerala sectors.
The large scale tourism-enhancing activities that are being undertaken in Kerala, have been attracting the attention and interest of many real estate property management companies to invest in the State in order to cater to the accommodation needs of the tourists on a larger scale. Owing to its world renowned status, Kerala is expected to provide the best of real estate services to the prospective clients. Several well-reckoned as well as upcoming firms for property in Kerala have been vying with one another to offer their clients the best of properties comprising luxury/budget hotels, resorts and homestays as well as apartments, villas and independent houses in ideal locations, and the most feasible land transactions along with a host of other quality services.
In a similar manner, the IT sector boom in the State especially in the rapidly expanding Kochi and Thiruvananthapuram cities and their suburbs has also paved way for the setting up of IT parks with state-of-the-art buildings and hi-tech campuses, thus enhancing the scope of the real estate scenario in Kerala. Besides, developments such as privatization of the international airport and upgradation of the sea port at Kochi have brightened the prospects of the real estate scene in the city. As part of the latest trends in the industry, religious tourism has been a motivating factor in the realty boom seen in the famous holy centres of Kerala such as Guruvayoor township.
Kerala’s strategically advantageous geographical location and its multi-cultural ambience has gained a lot of importance among the masses from outside the State and the country. The real estate clientele has been building up in the last decade, with numerous clients both domestic and multinational, pouring in to make investments in the State. With the State Government also implementing new ways to attract more FDI’s in the form of real estate investments, the realtors of Kerala are playing a pivotal role in mobilizing the movements of potential clients across Kerala. The facilitation of such a move has encouraged a lot of other realtors outside Kerala to take a keen interest in unleashing the State’s potential in terms of real estate.