Investing in Kerala property can be a viable option for several reasons:
Natural Beauty: Kerala is known for its lush green landscapes, pristine beaches, backwaters, and rich biodiversity. Investing in properties that offer these scenic views can be attractive to both tourists and residents.
Tourism: Kerala is a major tourist destination, attracting visitors from around the world. Owning property in a tourist hotspot can provide you with rental income and the potential for capital appreciation.
Cultural Heritage: Kerala has a rich cultural heritage with historic temples, art forms, and festivals. Properties located near cultural and historical sites can be in demand.
Booming Real Estate Market: The real estate market in Kerala has shown steady growth, especially in urban areas like Kochi, Thiruvananthapuram, and Calicut. The demand for housing and commercial properties continues to rise.
Education and Healthcare: Kerala has a strong education system with numerous schools, colleges, and universities. It also has a well-developed healthcare sector, making it an attractive destination for students and medical tourists. Investing in properties near educational and healthcare institutions can be profitable.
Infrastructure Development: The Kerala government has been investing in infrastructure development, including road networks, airports, and metro projects. These developments can enhance the value of your property.
Eco-friendly Initiatives: Kerala is known for its eco-friendly and sustainable practices. Green and eco-friendly building designs and practices are encouraged, making it a good place to invest in properties with a focus on sustainability.
Stable Legal Framework: Kerala has a stable legal framework and regulatory environment, making property transactions and ownership relatively secure.
Return on Investment: The potential for rental income and capital appreciation in Kerala is promising, especially in popular tourist destinations and urban areas.
Lifestyle and Quality of Life: Kerala offers a high quality of life with excellent healthcare, education, and a peaceful environment. Many people, including retirees, are drawn to the state, which can drive demand for properties.