Real Estate business in Kerala witnesses an unprecedented boom in the last few months. This is mainly attributed to the announcement of many would-be profitable projects such as Smart City in Cochin and the Vallarpadam Terminal Project at Vizhinjam.

This trend is more or less consolidated by growth in IT and Tourism Industry.  Whatever might be the reason this trend is fuelled by the entrance of many National and Internationally reputed builders entering the market. . Kochi became a nerve center of real estate activities in Kerala. Land prices are rising in even remote towns such as Karunagapally in Kollam district. Property shows and Loan Melas are regular events now. Thousands of people flocked to ‘Parpidam’ an event conducted by leading Malayalam daily ‘Malayala Manorama’ in the capital city.         

Many are exploiting this as an opportunity to make huge profits by investing in real estate. “I brought a 12.5 cents of land at the rate of Rs.75000 near Kariyavattom in Trivandrum 6 months before and sold it last week for Rs. 18.75 lakh” says Rajesh Kumar who works as a software engineer in an MNC Techno park. That’s a whopping 100% profit in 6 months time. “Now we are planning to buy 1 acre by a group of 7 people,” adds Rajesh. NRK’s (Non residential Keralites) consider investing in land as good choice.  Many builders and Architects comes with innovational concepts too woo the customers in this competitive market.