Increase in demand for Apartments in Kerala

1
A Surge in the Demand for Apartments in Kerala

• Kerala is witnessing an increase in the Demand
  for Apartments.
• -By Lallabi Real Estate

2
Introduction

• List of possible reasons behind the increase in
  demand for apartments/flats in Kerala
• Decrease in the house loan rates and its role
• The IT revolution impact
• The growing cities are very demanding
• NRIs role

3
Decrease in Housing Loan Interest Rate

• Housing Loan Interest Rate has dropped from 9.2
  to 8.3 in the country.
• More buyers eager to get loans after the decline
  in the interest rates.
• Young professionals with steady income are
  showing interests

4
The IT Revolution

• Tiruvananthapuram Capital City and the IT Hub
  of Kerala.
• Real Estate in the capital city is Booming.
• IT professionals are seeking a ready to move
  Apartments.
• Demand for Apartments is shooting up.

5
Cities are Growing

• The rapidly growing cities of Kerala are the new
  attraction.
• A strong Impact of the IT on Urbanization.
• Metro Project is easing the commute in the
  capital city.
• More people are migrating towards cities.
• Opting for low budget Apartments

Increase in Demand for Flats/Apartments in Kerala
6
NRIs Role

• Increase in Accumulation of Remittance Wealth.
• Improving both states and per capita GDP.
• Wealth flow into Real Estate.
• Investment on new Real Estate projects.

https//realestate.lallabi.com/
7
Conclusion

• The online search for apartments/flats in Kerala
  and its related queries has increased over the
  years.
• Most of these Searches coming from
  Tiruvananthapuram, kochi and Ernakulam.
• Some of the high search volume queries include
  Low cost apartments, 1 BHK apartments in
  tiruvananthapuram, buy flats in ernakulam.
• Online Real Estate should focus more on Kerala to
  serve the increase in the Real Estate demand in
  the state.

Increase in Demand for Flats/Apartments in Kerala