Investments in real estate even though a complicated and precarious process, has become increasingly popular and attractive over the last few years and is therefore one of the most common investment options especially for the NRI’s. Global Indians are significant contributors to Indian forex reserves through remittances and investments in various Indian asset classes, of which real estate investments form a major chunk.
One of the thing that makes a real estate investment so valuable and worthy is the fact that it can serve both as an immediate source of income as well as a long-term investment for the future. In terms of long-term rewards of equity and appreciation, as well as immediate benefits of cash flow and tax advantages, Rent Estate can’t be beaten. It’s also one investment where you can use leverage to grow and generate returns on your investment at a much faster rate than you’d be able to on your own.
The depreciating rupee exchange value is benefitting NRI buyers significantly. They are trying to keep themselves abreast with the updates in the real estate sector across India. The overall impact is that Indian real estate market is seeing green shoots of revival in 2018. The positive impact of the reformatory changes is already visible with the industry moving towards greater transparency, efficiency and accountability.
The Indian real estate market is expected to touch US$ 180 billion by 2020. Mumbai is the best city in India for commercial real estate investment, with returns of 12-19 % likely in the next 5 years, followed by Bengaluru and Delhi-National Capital Region (NCR). Real estate is the 2nd largest source of employment after agriculture in India. It accounts for about 10% of the nation’s GDP and is slated to grow at 30 per cent over the next decade. The demand for urban housing in India is estimated to be 4.2 million units during 2016-2020 across top eight cities. The highest demand will be in the National Capital Region, contributing nearly 24-26 per cent to the total demand.
Real Estate in Kerala
Highlighting the real estate scenario in Kerala, Kerala is going through some drastic lifestyle changes compared to the last few years. Due to many IT parks and entry of numerable global firms, the earning potential of the people across the state has extensively increased. There is a huge progress in the socio-economic status of the present generation, causing more people to build home or invest in real estate at an early age which has directly led to the rise of the real estate business across Kerala.
Real Estate in Calicut
After Kochi and Trivandrum, Kozhikode is the 3rd largest city in Kerala. Kozhikode is becoming one of the most popular, loved and culture admired place for people who are planning to invest in real estate in Kerala. Kozhikode is crammed with many booming IT companies having their offices in Cyberpark, UL Cyberpark and Hilite Business Park. An estimated 40 prodigious IT companies and the prestigious IIM is situated in Kozhikode. Since this place has all the facilities to ask for, many well-known builders are progressively coming up with better spaces and are jam-packed with all the latest amenities for the investors espcially. mini-townships of which Hilite City is the most distinguished and widely known in Kozhikode.