As per the government records, the year 2022 has seen a boom in the realty sector of Kerala by a whopping 39.5% with respect to the number of new real estate projects as compared to that of the previous year. Of all the new projects registered with RERA, 50 of them were new Villa Projects launched in the year 2022. And such an increase is foreseen to continue for the current year as well.
One major benefactor of such a hike is the boom in the IT sector. Major cities like Kochi, Trivandrum and Thrissur are seeing an inflow of young crowd who are now buying homes in Kerala not only as a former residence, but also as an investment. This inflow has created a demand for such properties which is making the major cities of the state overpopulated.
With the increase in demand, we can also see a simultaneous increase in the prices as well. As per the RBI Data, the housing prices in Kochi have gone up by 7.2% in the past one year. And such hike in prices has resulted in the population slowly overflowing to the suburbs of the state. So, as a piece of advice to the new investors, this is the right time to invest in properties of suburbs as the demand is now slowly spreading to this side as well. As the district with the most land area, and being ideally located, Palakkad gives an excellent option for investment.
Benefits of Investing in Palakkad
Good Locations
Situated on the banks of the popular national Highway of South India, NH 544, which gives Palakkad the best connectivity to major high performing cities like Ernakulam and Thrissur in Kerala as well as Coimbatore in Tamil Nadu (which is known as the Manchester of South India being one of the most important cotton textile centres).
Cultural Significance & Tourist places
As the idea for Vacation Homes is becoming more and more popular among the youth, what makes a vacation more special than to experience and be surrounded by all the learning and heritage of our ancestors. For this, Palakkad presents an excellent case being the centre of cultural heritage. Moreover, situated at the foot of the Western Ghats provides a serene and beautiful backdrop making Palakkad one of the most popular filming locations of the state. Vintage houses like Varikasseri Mana, Olappamanna Mana and countryside like Mundur, Kollengode, Nelliyampathy, and Kava are few of the popular locations that has shot some of the major films.
Accessibility
The main educational facilities in Palakkad are the Co-operative Arts & Science College, the Govt Arts and Science College Thrithala, the Govt Victoria College, the Kerala Veterinary & Animal Sciences University and others. Some renowned schools in Palakkad that provide high-quality education are Jawahar Navodaya Vidyalaya, Palghat Lions School, Amrita Vidyalaya, Carmel School, MES International School, Kendriya Vidyalaya, IIT Palakkad and IIMS (Govt Medical College). Similarly, some eminent hospitals in the area are the Medical College, PK Das Hospital, Valluvanad Hospital, District Co-operative hospital, Avitis Hospital etc. As the district is home to a large number of quality educational institutions and hospitals, you need not be concerned about receiving a well deserved education or medical treatment in Palakkad, that we are unable to include here.
Peaceful and Quiet Area
We at Neamath Realty, bring you the best possible blend of this culture with easy access to the hustle and bustle of city life. Each of our RERA registered Luxury Villa Projects is brought to you after careful consideration with respect to the location, features and amenities, ensuring that you get absolute value for your money.
Feel free to contact our expert team at Neamath Realty Private Limited for villa inquiries. Call us at+91 8593908881 and E-mail enquiry sales@neamathgroup.com for better assistance.
