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Surge in Demand Apartments and Flats in Kerala

As the real estate is booming, the demand is high than ever before for apartments in kerala

LallabiReaslEstate
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Surge in Demand Apartments and Flats in Kerala

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  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 state’s 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

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