Why Palakkad, Kerala is good for real estate investment?

Kerala is known to be “God’s own country” is one of the most livable states in India, well known for its legacy on literature, culture and fine arts. Kollam, Alappuzha, Kochi, Palakkad, Kozhikode, Thiruvanthapuram, Thekkady are some of the most beautiful places offering alluring sightseeing in Kerala. With the fast-changing lifestyle of Malayalees, the state is experiencing a boost in the real estate business. Investors and property buyers express that they are getting a delightful return from their investments in Kerala's real estate properties. These days Palakkad is called the “Star of Kerala” as the real estate market is growing briskly in the granary of Kerala otherwise known as Palakkad! Palakkad a quaint little city is well known for its connectivity of roads to all parts of Kerala, schools, colleges, and hospitals. With several building projects ongoing and a multitude of them completed successfully, Palakkad is gaining the attention of the investors in the real estate market in Kerala. Further, read on the paragraphs underneath to know - Why Palakkad, Kerala is good for real estate investment?

Kerala Real Estate Future – Is Real Estate Business profitable in Kerala?

 

Firstly, Kerala has got a highly positive ambiance for property investment

It’s true, as the Kerala Government has developed a highly conducive framework for real estate investments. The entire set of formalities for property investment in Kerala can be accomplished online. There’s a robust network of real estate consultants and agents who would help you find the most suitable properties in Kerala. Besides, there are several banks and non-banking financial companies offering financial support to the property buyers, that too at a competitive rate of interest. 

There are extensive options available on properties

Kerala has a huge range of choices to suit your demands. The portfolio of available options includes properties of all designs, sizes as well as budget. 

There’s easy availability of modern amenities and facilities of life in Kerala

One of the major aspects that investors consider before investing in properties at certain locations is the availability of daily necessities or resources. In that aspect, you can consider Kerala has a perfect destination for property investment. The state has a solid social framework and the residents here get the easy availability of the necessary amenities and facilities. Overall, there’s an impressive framework of healthcare, quality education, including other chores and services, required in the day to day life. 

Offers a quality lifestyle

Recent analytical research suggests that people of Kerala lead a quality lifestyle. Here, children get a solid education framework from elementary classes to the highest level of academics. Equally, the state holds a comfortable ambiance for trade and commerce. 

Very comfortable and convenient weather

Convenient weather is another significant factor that helps in boosting the demand for real estate properties in Kerala. There are moderate temperatures during the summer and winter months and receives a fair extent of rainfall every year. 

Quality construction works

In today’s time, there’s a vast range of completed and ongoing projects in Kerala, developed by the award-winning developers. Their quality of construction resembles the most superlative grades, offering international construction codes with assured safety and security.     

The stable political and social situation

Another plus is Kerala provides a sound social framework and secured political situation to the buyers or investors. People can lead a safe and comfortable life here, gaining a positive ambiance for education and profession. 

Why Palakkad, Kerala is good for real estate investment?

Palakkad real estate is one of the fast-developing sectors in its economy. The city which used to be known as Palakkattussery (in the earlier times) is the largest district of Kerala from the year 2006. It is bordered on the southwest by Thrissur District, northwest by Malappuram District, on the northeast by the Nilgiris District and the east by the Coimbatore District of Tamil Nadu. Likewise, it’s a gateway to Kerala due to the presence of the Palakkad gap in the Western Ghats. The total area of the Palakkad District is 4,480 km2 (which is 11.5% of the state’s total area). Most parts of the district fall in the midland region and 1,360 km2 of the land area covered by forests. The climate is pleasant over here. The place is blessed with small and medium rivers and receives sufficient rainfall when compared to the extreme southern districts of Kerala. 

Advantages of real estate in Palakkad, Kerala

The mainstay of Palakkad’s real estate ambitions is the availability of land, superior condition of law and order, the existence of well-known academic organizations, tourist spots, and temple, monuments. The city is a spectator to homogenous and equitable extension throughout the last twenty years. Low–cost houses, farmlands, luxury apartments, sumptuous manors, and commercial hubs are more in demand in the city. Besides, as stated by several real estate counselors, the occupancy of numerous pedagogic organizations and paramount academic institutions has played a contributory role in the increase of demand for real estate properties in Palakkad, Kerala. 

To a real estate investor, Palakkad bestows pragmatic expansion that has been experienced in the previous multiple decades.

• With the Walayar-Pudussery-Kanjikode industrial belt, the region is gaining immense potential in the real estate market in Kerala. Many industries and central government institutions are located in the area. The Indian Institute of Technology, Palakkad has started operations in its temporary campus at Kanjikode. 
• Apart from this, there are many companies like BEML Limited, BPL group; Coca-cola and Pepsi which have high investment projects are taking place in the region. Another big name associated with the industrialization of the area is the Integrated Textile Park, which houses major textile units in the area. 
• Palakkad is particularly known for paddy cultivation. However, it is considered one amongst the top agrarian districts in Kerala. Here, Paddy is cultivated in 83,998 hectares of land area and thus, it occupies the first position of rice in the state. In addition to this, other crops produced include – tamarind, turmeric, vegetables, mango, pulses, banana, plantain, rubber, coconut, black pepper, areca nut, cotton, etc.
• Another major project carried is the setting up of a defense park in association with the ITI – Indian Telephone industries. Thus, buying a residential villa, plot, commercial or a farmland asset is a very good decision as the property prices are going to speed up very soon, once the above mentioned and different new projects gain momentum.
• Equally, there will be a rise in the number of employment opportunities, residential and commercial property requirements. Thus, it would be wise to invest in the property at an earlier stage to gain more profits and benefits assured.
• If you are planning to start with some commercial projects in Palakkad, like a shopping mall, petrol pump, entertainment center, restaurant or similar projects, then having a place of your own can work miracles for you. 
• Palakkad has a lot of tourist places nearby which promises a huge number of tourists every year. Malampuzha Dam, Palakkad Fort centered in the heart of the town, Parambikulam Wildlife Sanctuary, Nelliyampathi, Dhoni, Silent Valley National Park, Kanjirapuzha Dam are some of the major tourist attractions in Palakkad District. 
• Places of worship include – Jainimedu Jain Temple, Kalpathy Temple, Manapulli Kaavu, Chinakkathoor Temple, Thirupuraikkal Temple, Panniyur Temple, Kumarapuram Lord Prasanna Venkatachalapathy Temple, etc. 
• Another solid reason which makes buying villas/apartments in Palakkad a very good investment decision is the fact that - Palakkad is currently in the fledgling phases of growth and development. So, once the place has reached midway or complete metropolitan, the property value will shoot up to the skies. You can then either resell the asset or keep it as wealth. Also, it can be used in the form of bread and breakfast type establishment for a regular income basis.
• There are a large number of educational institutions in the area which means that you don’t have to worry in that regard too. Lists include – IIT Palakkad, Government Medical College, NSS College Nemmara, Ottapalam, Karuna Medical College, Government Engineering College and much more. 
• When compared to other cities like Trivandrum and Kochi, Palakkad offers a great value for money postulation in terms of real estate properties. The rates at which the houses are sold are comparatively low over here (when it comes to other major cities). Noteworthy real estate builders are Victoria Realtors, Dasaradha Developers, Buildtech, Royal Park, Royal View, Jayaraj Properties, Adorn constructions, Golden Homes, Fine earth Properties, Perfect Engineers and Contractors, Dream homes, UBS Villas, Centerline Properties Constructions Pvt, Ltd. Hanco Property Developers Pvt Ltd etc. 
• The balanced environment is something that makes Palakkad a better place for you! The climatic conditions are moderate here throughout the year. Thus, a market for apartments/flats and villas has emerged here. These days, even NRI’S find Palakkad a promising location to invest in, because of these basic reasons. 
• Palakkad additionally is also notable for its chits and kuries organizations. A dominant part of the progress of this district owes to Kuri and chit organizations.

 

Tips for a Better Real Estate Investment

Investing in a real estate business considerably varies from buying stakes in bonds and stocks…

• This is nothing but business - Real estate investment is a business or funding! A proficient trade scheme must be planned at the beginning itself. 
• Research the best regions to invest - Make an extensive study of the optimal regions, where you could make your investments. However, many real estate investors commit the mistake of skipping the exploration and study stage of real estate investment and thus they fail to earn the profits of their real estate investment.
• Communicate with the real estate investors - Keep in touch with the local real estate investors about the real estate properties in your locality. You may search for useful and beneficial advice from real estate investors.
• Keep up to date with the report of your credit - Maintain a record of your credit and balances. This could help you with the management of your finances. 
• Find or locate a qualified bank - If you are capitalizing your funding, you need to search a capable and proficient bank or mortgage dealers. This step is preliminary and needs to be done previous to your search for property/real estate.
• Look for a capable realtor - A realtor is a person who would help you in choosing the right property for your investment. So, you must choose your realtor after a careful study of his qualifications and experience at handling the real estate investment deals.
• Do not buy any real estate property where the purveyor is not urged to vend - You can know whether a seller is urged to sell his/her real estate property by studying the price rates of the particular property (the time from which it has been put up for the sale). In case, there has been no decline in the cost of the real estate property/asset (even after being on the market for quite a while). It shows that the vendor is not at all motivated to vend his or her real estate property or asset.

 

In conclusion

Every village and town in Kerala is a real estate hotspot. Hence, if you are looking for the best destinations for real estate investments in Kerala, you are ought to emphasize on Palakkad. But, you must make an investment decision after comparing and carefully reflecting on all the choices you come across. So, make a wise decision as a real estate business is extremely concentrated on capital