Changing Landscape of Luxury Real Estate in Kerala

Kerala, known for its scenic natural beauty is poised to be a major destination for luxury real estate. The natural beauty of the state is a feather on the cap, allowing residents to enjoy luxurious residences, and high-end amenities surrounded by the serene landscape of the state. The discerning home buyer who is spoilt for choices has the financial power to expect more from ultra-luxury residences and commercial properties. The economic growth, evolving lifestyle, and affluence of the residents are boosting the growth of the luxury real estate market.

Some of the factors for this to happen are discussed below.

1. Economic Growth and Affluence

The economy of Kerala has seen a steep growth trajectory in the past few years. The IT, tourism, and healthcare sectors are driving this growth and will continue to do so in the future. It hubs like Technopark in Trivandrum and Infopark in Kochi are major employers boosting demand for luxury residences in these cities. The skilled workforce is affluent and builders in Kochi are making the most of the opportunity by meeting the demand for luxury residences.

2. Aspirational Lifestyle

The homebuyers today aspire to live a luxurious lifestyle. They are well exposed to international real estate and expect the same opulence and sophistication in their homes. The modern home buyer is looking for exclusive properties, privacy, and social connectivity to enjoy every aspect of residing in projects in Kerala. While selecting their luxury property in Kochi aspects like contemporary architecture, modern design, exclusive amenities and excellent social infrastructure hold high importance.

3. Exclusive Communities and Branded Projects

High-end branded developers are in great demand in the Kerala luxury residential market. They collaborate with allied industries like hospitality to create unique and exclusive projects. These projects offer a blend of luxury, personalized services, and exclusivity. Amenities like terrace swimming pools, concierge services, high-end security, and personalized services are common in these projects.

4. Sustainability and Smart Home Technology

Most luxury projects in Kerala are aware of the demand for sustainable homes that use smart home technology to reduce their carbon footprint. Remote-controlled devices, the use of alternate sources of energy, and the conservation of water are some of the measures to achieve sustainability. Automation, security, and convenience powered by technology are features that the elite expect in their luxury residences. Scientific waste management practices are employed by most luxury apartments in Kochi.

These are some of the aspects that are being transformed in the luxury real estate market in Kerala. The state offers a blend of natural beauty and cultural richness that add a unique dimension to the experience of living in a luxury project. The state promises to give an unparalleled living experience to the luxury home buyer.