Real Estate Trends in Major Cities in Kerala
Real estate trends in Kerala have been undergoing tremendous change in recent years.Thanks to the role rapid development, urbanization and an increase in job opportunities have played, the influx of people from the nooks and corners of Kerala and from outside to major cities in Kerala have led to an increase in real estate prices, in no small measure.
Cities like Kochi, Thiruvananthapuram, Calicut, Kottayam and Thrissur can be touted as the major players that set the real estate trends in Kerala. Be it residential or commercial, the demand for properties of every type and function has seen only an upward trend.
Let us discuss the major real estate set to take Kerala by storm in the years to come:
Rise of Gated Communities
We can witness a monumental increase in the demand for gated communities in recent times.
Gated communities are the most preferred type of housing solutions for the middle and upper middle class sections of society. These communities offer enticing facilities such as 24*7 security, swimming pools, children’s play area, gymnasiums, clubhouse, recreation centre etc.
Most of the gated communities are located in or near major parts of the city, making accessibility a major point of attraction. Those looking for the comfort of a home alongwith the security and surveillance an apartment complex provides find gated communities as the best choice.
Importance to Interiors
Gone are the days when interiors played second fiddle to the functional aspects of a home. People nowadays are giving equal or more importance to how the look and feel of a home is from the inside.
Minimal and sleek aesthetics take the crown, with functionality continuing to be an integral part of how an interior should be. People have also started giving due consideration to environment friendly and smart innovations in interior design. Interior designers keep updating themselves to meet the requirements of the millennial homeowners. Thus bringing clutter free and elegance back in style.
Smart Homes
Technology is taking over homes and how! Smart homes are the homes of the future in more ways than one.
With the use of smart electronics homes have undergone a smart upheaval in recent times. Smart bulbs, AI, Internet of Things (IoT) applications, etc. Making life easier and more productive is the thought of the future.
Even in the kitchen simple, manual and outdated technologies find their way out. They are replaced by bluetooth speakers, dishwashers, automatic pot stirrers, wifi pots and whatnot. Not just kitchen appliances, smart technologies keep getting smarter as the years pass and these trends have cemented themselves in the real estate sector in major cities in Kerala as well.
Sustainable Living
What makes a home a green home? The answer is simple – efficient energy utilisation, reducing water and food wastage, sustainably sourced raw materials and resources, use of renewable energy such as solar – all these and more are what makes any home green and environmentally friendly.
Eco-friendly and sustainability are the reigning thoughts of prospective homebuyers in Kerala. Real estate trends in major cities in Kerala have been influenced in a big way by the growing co-consciousness among people.
Climate change, environmental hazards and rise in floods have prompted everyone to look for environment friendly and green homes that are sustainable in the long run. Apartments in Thrissur is the best for those who are looking for such homes in Kerala.
Also Read: Investing in Real Estate
Rise of the Suburbans
Seeking the pace of city life yet yearning for comfort and quiet is a major trend in recent years. Close proximity with the major cities in Kerala. Yet a short drive away from the hustle and bustle of the city is one of the most preferred localities for many a prospective homebuyer. Here comes in the rapidly growing demand for suburban life.
With easy access to major points in the city, availability of basic amenities and facilities minus the traffic, suburban areas have a niche of their own. Real estate builders have tapped into the potential of suburban areas and you can find a property that suits your demands and needs.
Demand for Commercial Spaces
Demand is not just for residential properties. There is a huge demand for valuable commercial spaces in the heart of major cities in Kerala as well.
The surge in job opportunities and entrepreneurial ventures. And the economic growth and development has paved the way for increased demand for commercial spaces in prime locations.
The major real estate players in the State have come out with prime and value for money commercial properties. Especially in major cities like Kochi, Calicut, Thiruvananthapuram, Kottayam, Thrissur, etc.
Technological Transformation
The real estate and construction field have been influenced greatly by technological advancements over the last decade. Due to technological growth, there is an increase in the quality and quantity of projects.
The modern building materials and equipment have improved the modern apartments which are more concentrated on the amenities and interior. This architectural brilliance is a product of technological improvements.
Conclusion
Finding a home that meets all these requirements is no longer a headache with Skyline Builders.
If you are looking for flats in Kochi that are smart, green and functional or if you are looking to settle down in Calicut and are looking to associate with the most trusted builders in Calicut you have come to the right place.
