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daswerPosted - 1 July 2012 23:31  Show Profile
has become much popular among the NRIs too, who have started investing widely in the field. Many have invested their shares with the builders in the state. Huge profits are obtained from the luxury resorts and hotels which target the tourists mainly. Many natives too prefer spend their vacation in such resorts. These are usually constructed in locations where the scenic beauty of ‘Gods’ own country’ dominates. Therefore, land in such areas is demanded much by the builders. The land owners sell their property for high costs.

The recent development of the IT hubs and IT parks have added value to the properties in Kerala. Many people are shifting their residence to places near these IT firms and multinational companies. It has simultaneously caused increase in costs for these properties. People prefer to reside in ready to occupy homes rather than spending time in constructing individual homes. They also want the best of the amenities and facilities that they can have. Luxury apartments, villas and flats are thus widely popular in Kerala. People occupy these mostly in areas where the IT sector is soaring rapidly. They relocate in order to pursue a better career, education or lifestyle.

Considering the boom in the tourism sector and IT sector, one can conclude that the real estate sector in Kerala, which is largely dependent on these, is all set to soar higher and higher.

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