After affecting some of its major cities like Kochi and Thrivananthapuram, the real estate demand in Kerala has trickled down to its other cities like Kottayam. Kottayam is known as the land of letters, with its high literacy rates and existence of revered educational institutes. Real estate demand has gone up in the city owing to increased foreign remittances from its NRI population. The commercial property demand has also risen in Kerala with the demand for office spaces expected to rise to more than 367 million sq ft this year. The state of Kerala is promoting the commercial spaces with the government upholding liberal policies that promote the state as major business destinations of the country. Space in and around major cities of Kerala is decreasing, adding pressure for space in adjoining places like Kottayam. There has been a rise in demand for flats, houses and apartments in Kottayam. Builders are now eyeing places like Kottayam to set up their offices owing to the rise in demand for its land.
There have been a multitude of factors that led to this rise in demand in real estate sector of the state. The emergence of an IT sector and setting up of malls and multiplexes has attracted attention of people from across India. Every inch of land in this state is now getting costlier. This is further added by the fact that foreign investors are keen on buying them at any rates, causing a push in their price. Investing in Kerala has now become an attractive proposition for many people across the country. Be it residential or a commercial venture, the state is welcoming investors with open arms.
< Message edited by dezinn -- 12/10/2013 1:46:45 AM >