Investment in Real estate is always a worth, if it is a long
term investment.
Real Estate and Its Current Trends in
Kerala Keep update with the regularly changing developments in real estate is
important for the effective dealing in the real estate industry. The real
estate industry in Kerala is fast growing, properties either residential land,
agricultural land, readymade villas, independent houses, high raised apartments
or flats are selling like hot cakes. The once popular trend of investing in a
property and then selling it for better profits on investment has been
disappeared by potential buyers for homes with intention for living rather than
to sell. The demand for individual homes in metros and surrounding townships
especially major towns in Kerala like Kochi, Thiruvanathapuram, Kozhikode etc has increased rapidly due to job migration which is the result of
globalization and development of more IT based business.
The buyer scrutinizes the capability of the property to meet the
long-term requirements. It is crucial that the home is architecturally designed
to include new trends and modifications along with time. Built in kitchen
cabinets, appliances, counter tops and other such installations are some of the
new real estate trends. The popularities of readymade home furniture have
increased significantly and people always ask for these items as add on
facilities before they finalize the deal with the apartment/villa builder. Now
the home concept is slowly changing to this direction. The main reason for this
is that, property buyers don’t want to spend more time on searching, selecting
and buying of these items, if these readymade furniture or interiors come along
with the original deal, this way they can avoid engaging an interior decoration
consultant or spending time and extra money to complete these works. Real
estate builders now also offer interior decoration of the apartment on demand.
Most of the builders now have their own interior designing team. The
professional and expert interior designing team ensures that your homes are a
delightful place to live in. Another important trend is that many current
buyers specifically demand and are keen on investing in environment friendly
homes. Designs incorporating energy saving options and eco - friendly building
supplies and materials are finding better investors. Energy efficient lighting
systems and structures for rain water harvesting and preserving water are also
included in the structural designs of homes to make homes more appealing to the
buyers. The major shift in the nature of jobs has also influenced the real
estate industry. With conventional full time workers opting to be freelancers,
homes designed to incorporate both living and work space are in great demand.
Buying a home can seem easy with the current ready loan facilities provided by
the banks, but it is important to understand the ability to pay off such loans. Hence, when you invest in a home, take great care to
closely assess your financial position and the market value of the property and
your ability to pay back the loan amount within the time frame. Before
booking an apartment please verify the credibility of the builder and his
capabilities to deliver the apartment in time with agreed quality and
facilities. Always deal with reputed builders.
