Why Buying Apartment in Kerala is Considered One of the Smartest Investment Choices

God’s own country, the land of the spices, the paradise of Ayurveda… Kerala is known by numerous beautiful monikers. Kerala offers a rich cultural heritage, lush green landscapes, beaches, rivers, backwaters, hill stations, dense forests, but also houses metro cities and rapidly developing urban centers. The state offers a high-quality life- thanks to its world-class facilities, healthcare centers, educational facilities, commercial hubs, IT parks, and more.

Major cities in Kerala, such as Kochi, Calicut, Thrissur, Kottayam, Thiruvalla and Trivandrum, have seen a huge influx of homebuyers and investors approaching apartments, gated communities, and other housing solutions. The state has transformed into a prime real estate location thanks to its rapid urbanization, developing infrastructure, and demand for housing solutions

In this blog, we will explore different factors that make Kerala one of the smartest investment choices.

High Demand for Apartments in Kerala

Kerala offers a high quality of life. Additionally, there are other major factors that are driving Kerala’s apartment market. Let us have a detailed look at these driving factors:

• Quality of Life and Affordability: Compared to other states, Kerala offers a relatively high standard of living. Budget-friendly real estate market, better healthcare solutions, and lower cost of living make apartments in Kerala a great investment option.
• Connectivity and Transportation: Kerala comprises 4 international airports, a highly connected railway network, metro cities, and excellent highways, making the state highly connected. Apartments set in prime locations provide easy access to public transit and other areas of importance.
• IT and Business Growth: The growing IT and business sectors in the state, such as Technopark, Infopark, Cyberpark, and more, have led to increased housing demand, especially for apartments at prime locations.
• Investment Potential: The rise in Kerala’s real estate sector has driven an increase in the rental industry. This, in addition to the increased housing demands, promises long-term investment benefits.
• NRI Investments: Typical Kerala NRIs often plan on settling back in their hometowns after their retirement. Affordability, loan options, government schemes, and other NRI-friendly factors make investing in apartments in Kerala a great option for overseas investors.

Affordable Compared to Other Metro Cities

Even though Kerala offers standard quality lifestyles with access to essential amenities and facilities, it is relatively more cost-effective compared to other metropolitan cities in India. Here are the key factors that drive Kerala to be a more attractive and affordable investment option:

• Lower Cost of Living: The state offers a relatively lower cost of living while maintaining the quality of living. This makes Kerala an attractive option for both residents and investors.
• High ROI: Kerala’s growing sectors drive a huge requirement for housing. This, in addition to quality of life, ensures a steady growth in real estate sectors and property investments, even in the long term.
• Competitive Prices: Other metropolitan cities, such as Bangalore and Chennai, offer higher real estate prices as well as living costs. Therefore, Kerala becomes an attractive option thanks to its relatively budget-friendly prices and lower cost of living.
• High-Quality Infrastructure: Kerala is renowned for our high-quality infrastructure, including healthcare, tech, education, transportation, and more. All these are accessible at relatively more affordable rates compared to other states.
• Government Policies: The state government maintains proper legal frameworks for real estate processes so as to provide safe and transparent space for investment.

Also Read: Top Benefits of Living in High-Rise Apartments in Kochi

NRI Investment Opportunities

A lot of NRIs choose Kerala as their top option to reside in after their retirement, thanks to the state’s lush green environment and affordable & quality standard of living, in addition to access to high-quality amenities and facilities. This drives a lot of NRIs from all across the world to invest in apartments across Kerala, mostly driven by family ties, long-term financial benefits, and standards of living. Moreover, the Kerala state government offers numerous policies that have been crafted to encourage NRI investments - from simplified land and property registration processes to RBI-approved easy remittance options. Banks also provide home loans and schemes specifically made for NRIs to promote the investment process. The K-RERA or Kerala Real Estate Regulatory Authority, makes sure that all the real deals are transparent and legally compliant. They also support the security of these transactions and make sure that all the risks are mitigated with ease. 

When choosing to invest in real estate, NRIs mostly prefer apartments as they require relatively less maintenance efforts for those who are visiting the locations once in a while. Apartments also make a favorable option for those who are looking to rent residential spaces due to their prime locations, amenities, facilities, secure life, and more. 

All these options make investing in apartments in Kerala a smart choice for NRIs, providing them with a long-term secure investment, be it for rental income, family, or moving into in the future. 

Why Choose Desai Homes for purchasing Apartments in Kerala

While Kerala stands atop as the leading real estate investment option in the country, Desai Homes strives to find the perfect solutions through its apartments in Kerala. As we have seen throughout the blog, the state offers a great combination of affordable housing, quality of life, and great infrastructure. With our apartments set across prime locations across Kerala, Desai Homes offers homebuyers and investors all the housing solutions they require. 

Investing in an apartment in Kerala is a smart investment if you are looking for a home that offers comfort, security, and long-term investment value. Let Desai Homes help you in finding the perfect investment option that fits all your needs. Find a perfect long-term investment in a prime location across Kerala with Desai Homes. Contact us today!