There was a time when owning a home was not easy. The proverbial roof over the head was a state of mind given limited means of wealth creation. Today, with economic growth, people have more personal wealth. This wealth can be used to fulfill wishes and desires beyond the necessities. The rise in income allows people to reach out for a luxurious life at a pace like never before. Luxury apartments are not an indulgence limited to celebrities and industrialists only. They can be sought by anyone who desires it. Living in luxury apartments has its unique advantages.

Let us understand why one should upgrade to luxury apartments:

1. Architecture and Design

Luxury apartments in Ernakulam are designed to look grand and spacious. They have ample daylight inside the apartment with optimum ventilation so that the interiors are comfortable. The fixtures and appliances are of the best quality with good finishing that spells out elegance. The blend of aesthetics and functionality are perfect creating an ambience of luxury that is not found in budget apartments.

2. Prime Location and Convenience

Luxury apartments are always located in the prime locations of the city. They have access to the best social infrastructure and conveniences. The views from the apartments capture nature at its best offering a captivating experience. Living in the heart of the city or the best localities adds a sense of pride and allure to the residential experience.

3. Exceptional Amenities

Most residential projects offer basic amenities, however, luxury apartment amenities are exclusive and Uber. Some luxury apartments in Kochi have swimming pools of Olympic size or could be on the rooftops with mesmerizing views of the sky and the city. The fitness centres may have sophisticated equipment with provisions for all the types of exercises. Some of the amenities like rooftop gardens, concierge services and in-house gourmet cafes complete the experience of living the opulent lifestyle.

4. Enhanced Security and Privacy

Luxury flats in Ernakulam provide enhanced security and privacy with technologically advanced systems and dedicated staff. The residents can rest assured of their safety and peace of mind in their living environment fortified by gated entrances, security personnel, CCTV security system, and monitoring. Residents also enjoy the best of privacy with the apartment design cancelling out noise and keeping prying entities away.

5. Community Living

The lifestyle amenities in luxury apartments allow safe spaces for people to socialize and form communities. Events organized by the management of the complexes help people to form meaningful connections and create enriching social experiences. Festivals, Holidays, organized gatherings, and cultural activities help create communities and a feeling of belonging improving the life experience of the members living there.

Upgrading to a luxury apartment makes a difference in the overall experience of living in a residential complex. They offer both the physical and experiential advantages over living in budgeted residential projects.

In the young generation buying a home comes last on their priority list. They always like to enjoy their present life and live in the present moment. Living in the present moment is a good thing but sometimes you should think about the future also. Buying a home or apartment in Kochi is a wise decision if you are done at a young age. Most of the people are going to invest in homes only when they are in middle age. But buying flats in Ernakulam while you are young is the best option. Also, it is a valuable asset for them.

Here few benefits of buying homes at a young age:

Investing in your future:

Buying a home is a lifelong investment for your future. A house is one of the most important shelters for a human. Also, it is most valuable. Buying a home at your younger age is a good decision for you to invest in your future. Also, you can sell the property at any time.

Get loans easily:

We all need to calculate the funds and capital before any investment is done. So all of them apply for home loans. Because you are young, then you get sufficient time to pay the loan amount.

Get tax benefits:

One of the main benefits of buying a home with home loans can help you to be exempt from tax. Under 80C of the income tax act, homebuyers can get deductions up to 1.5 lakhs. If you are buying a home at a young age, then you can get a tax deduction at an early stage.

An additional source of income:

You rent out the new home for others and you have to reside in another place. Then you get additional income from the rent-out of a property. This is one of the good ideas for an additional source of income.

Retire early:

One of the main reasons for investment at an early age is the option to retire early and live a peaceful life. Investment in home property gives you a secondary income and also a passive income. Investment in the home will give an option to retire early. If you invest at the age of 50 then you have approx 10 years to achieve whatever you need.  But you invest at the age of 30 you can achieve up to the age of 45 to 50.

You get a high return on investment:

When you invest money in buying homes or property, you will get benefits tomorrow. Land prices are steadily increasing day by day. So you can sell the property at any time for profit. So real estate is a better investment than any other investment.

At the early stage of your life, you are your boss and your income is passive. But starting your career you have so many responsibilities like family, etc. So this kind of investment is a very good idea. Once you invest money in-home or buy any property. Then you will be responsible for handling money flow. So the rental income from the property is very beneficial to you.

Some tips to buy the home at a young age:

• Knowledge about your budget
• Research on your home or property
• Awareness about the home loan
• Compare home loans
• Improve your credit scores.
• Latest real estate demand

Homeownership is a better way to invest in your future. When you give rental income to someone, there is no profit or benefit. But when you buy a home, the value of the home will increase day by day. So buying a home or flats for sale in Ernakulam is a better option to earn more in the future.

The experiences and learnings of the last two years during the pandemic have reinforced the idea that apart from health, a safe and convenient home is the single most important and valuable place every one would like to be when the chips are down. Kerala is unique and always different to the rest of India in so many ways as has been proven even during this pandemic. Even as kerala remains a great tourist destination with outstanding natural beauty and great facilities, the very high percentage of keralites residing outside the State for better livelihood opportunities goes to prove the paradox that kerala still remains one of the most difficult states in India in the Ease Of Doing Business for entrepreneurs especially in the infrastructure sector.

Inspite of that fact, the development of numerous best in class housing projects across the State over the years to cater to specific needs of different segments of society augers well and is a key attraction to any Keralite to prefer to own an address which they can safely come home to. A comparison of housing stock of developments in kerala market and outside has many stark differences. For one, the limited availability and high value of developable land in kerala cities restricts the volume of such developments. Even as there is very little urban rural divide across cities and towns in terms of infrastructure, the social facilities provided both by private and govt initiatives in kerala cities go a long way to make city living easier and wholesome, thereby improving its attractiveness.

Being a state where the majority of the raw materials for development comes from across the country and carrying the tag of providing the highest labour wages in India (nearly twice more than the next highest State) thereby attracting significant migrant labourers, the value of creating any real estate asset in kerala has always been much more than other tier 2 or 3 cities outside kerala. With emphasis of most residential developments being more on quality than on quantity, it augers well for the future of the discerning home buyer. A lot more time and effort towards design, products offering and services are provided by reputed developers in the creation of such sustainable edifices.

It is indeed remarkable that during the numerous natural calamities which unfortunately kerala had to bear the brunt off over the last four years, the residential and commercial developments of the credible and organised developers stood out as pockets of excellence and safe investment haven. This goes to show that any judgment to acquire property should be made based on full understanding of the product and the overall big picture. Nevertheless kerala society as a whole including NRKs has had to face numerous challenges during the last decade one after another, and its stoic resilience in the face of adversity and hardship is indeed remarkable.

As for kerala real estate, a new dawn beckons in the horizon for the home choices available, the attractiveness of low home loan finances (lowest ever in banking history) , the reduction of risk of delivery and the certainty of quality it promises (with RERA in place) . This new phase is undoubtedly going to transform housing with the variety it provides, the inclusion of asset management services for better and longer quality of the property, and the transformation of interior spaces with the largest collection of furnishing solutions available.

It is always good to remember that the future replacement cost of a good quality real estate asset is much more than when it was initially created. With inflation playing a factor and market appreciation of the product being another, the intrinsic value of homes have only seen a steady increase. Once the national model rental act becomes applicable the certainty of improved rental incomes will accelerate the attractiveness of housing as an asset class. Though there is a timeframe and documentation process to transact this asset class, the compliances for such matters in kerala are far improved and much better compared to the neighbouring States.

CREDAI kerala has been continually working pro actively over the last 15 years with the local and state government to ensure the uncertainties and challenges of real estate developments are minimised. Most of the statutory bodies like KWA, Kseb, PCB, LSGD, Revenue, etc still follow complicated and time consuming procedures and its functionings are still far from satisfactory needing many interventions from time to time to rectify and streamline it . But for credai kerala providing relevant inputs and highlighting to the government such problem areas, the scenario would not have been manageable. Though the Right to Services Act is in place, the effectiveness of these govt departments in quickly responding to provide the basic necessities leaves much to be desired. Both the home owners and the developers will be much relieved once the vexed issue of inordinate delays in service connections are sorted out once and for all!

Unfortunately, as entry barriers to housing development were few in India , we also saw poorly planned and risky projects in kerala failing which gave a bad name occasionally for the industry of organized housing. Obviously failed or stalled projects attract significant negative attention with investors and buyers funds stuck for long periods of time. And it isn’t easy to complete such projects due to multiplicity of issues involved. Of course, with more awareness now, the buyers are able to now better judge and decide their preferred property from among the viable options available.

It goes without saying that community living is the future for housing as it brings forth a lot of advantages together and instills a sense of belonging among the residents. Apart from making economic sense, it is better towards environmental issues and more sustainable in the longer run. There are hundreds of wonderful projects established over the years in our cities by seasoned developers which are shining examples of great development. Aided by a responsible residents association willing to manage the community affairs subsequently, the transition and support to maintaining the residential asset to its desired standards can be easily ensured. In larger developments , professional property management agencies are engaged to provide the highest standards of continuing care for a wide range of services which gives complete comfort and peace of mind to all the residents and owners.

Overall, with the sharp increase in all raw materials prices over the last one year across India, the cost of real estate development has shot up drastically. In keeping with the demand, this has resulted in quicker sales of ready to occupy stock, leading to many projects being launched in the last one year. And with the safety net of RERA available, customers can be more relaxed on product delivery timelines. Specific requirements of new age customers and improved amenities are also being offered keeping in view the changes happening in the work place, travel and communication platforms.

So the next few years looks promising for the organised real estate market as even well settled Keralites from across India make a renewed comeback to the State preferring the wholesome lifestyle kerala cities offers its citizens. That is a testimony to the high standards maintained and unique value offered by Kerala developers in their projects.

Dr. Najeeb Zackeria

Managing director

Abad builders private limited 

Buying a luxury flat has several benefits if you are investing in Kochi. To talk about such a huge purchase, you will definitely need a reason and this comprehensive article will give reasons why you need to invest in a luxury flat in Kochi.

At any given point in time, people who are not content with just any kind of home and the demand for luxury apartments in kochi may rise and fall. It is driven by the rising standard of living, the traditionally wealthy families’ thirst for the good life, and also the luxury home buyers who have sound reasons for choosing to live in premium homes.

The real estate companies in Kochi forget some facts that if a place is worthy of living and if you are smart enough, then the same land is an opportunity. Knowing the best options to invest in real estate around Kochi has seen incredible results with people trying to upgrade their standard of living and with them finding a way to fulfil their demands. We have brought to you a list of reasons why Kochi is considered to be a budding smart city with regard to real estate practices. Together with considering other amenities for the people, you need to know what they want right now which will come along with some luxuries.

You must buy a luxury flat from genuine builders only and approvals are of paramount importance to avoid unwarranted issues afterwards, read ahead the blog to know more.

Status Aspiration

Buying a luxury flat in Kochi is a matter of prestige and many homeowners have bought their pride and joy with hard-earned money. This intention is for nothing but they want to live in homes that offer a higher lifestyle. A luxury flat signifies a person’s stature and economical status as the luxury villas are known to be affordable to financially sound people. Such flats enhance the status of the family and show a reputable identity if it is from credible builders.

Conveyance

Kochi is a city with a massive population but still, but you can find most of the residential apartments in Kochi with easily available transportation services. Even during office hours, you find it extremely difficult to rush in the hectic traffic, to go feasible and if you do not want to opt for the roads, the metro rails would go good and appreciable. This makes the real estate company in Kochi or the apartments for sale in Kochi extremely flourishing.

 

Return Of Investment

When it comes to luxury flats in Kochi, the business is such that once you invest that you would not want to back out. The more the demand for real luxury flats in Kochi grows enough to attract people and always there with deals that your investment plans will not go in vain. To buy the luxury flats in Kochi, the centre of most IT companies is quite obvious when you shine to provide shelter. To get your desired returns even with its ups and downs, the luxury flats in Kochi are the obvious choice and brilliant as well.

Luxurious Life

Luxury flats would have luxurious facilities and innovative features becoming the right choice who intend to own an advanced infrastructure. Many amenities render you a comfortable and pleasant life

Security

The luxury homes in Kochi are in the top line security both in terms of trained security personnel and security installation. They are well equipped to handle emergencies and quickly take care with immediate response triggered by technology.

Infrastructure

Luxury homes in Kochi are known for their infrastructure with amazing connectivity throughout the city. Kochi city’s own transportation within reach and also international connectivity brings more revenue and together will bring you a great return on investment.

 

Technological Enablement

Technology has gone a long way, especially in high-end homes extraordinarily build in the technological hub Kochi. Such homes stand apart for their technologically forward amenities and facilities where everything is directed at meeting the demands of an ultra-modern lifestyle.

Conclusion

Life is pretty short to create an aura in living in a beautiful city like Kochi with a touch of nature. Adding to that everything is readily available in the city and a place to have a happy life with better education and career opportunities. To cope with all these the property and the supply of places to live in Kochi fill that hole in the supply. That is why luxury flats in kochi are encouraged to capitalize in the market as it will also give you great results.

Buying a luxury apartment in the premier location will render the advantages we detailed here and the outcome would be guaranteed which is clearly mentioned in the results from the past years.

In the city of most happening events, Kochi, you can earn a bit more if you make the right investment. We are talking about investing in some of the most reputed builders in ernakulam, so that you can own and even resell the flat at the most competitive prices. If you are new to Kochi or any state in South India, this is a great way to learn why Kochi stands to be the best city to settle or invest in.

When you are out to look for a place to stay for a lifetime, you also should know how comfortable the place will be for your lifestyle. The best part is that Kochi is a lovely city that allows various cultures to blend into the city vibe in a few days. Plus we have quite a few reasons why Kochi flats can be your best option for sale or resale this year and in the coming years. Once you have understood the growing potential of this place and also various hotspots like the flats in the Maradu location, there will be no turning back for the smart investors in Kochi. You always do not need to own a company to make money; as such silent, passive income sources will fetch you earnings even while you work elsewhere.  If you are ready to think about investing and selling flats in Kochi, scroll over and explain the reasoning for the same.

High Quality Building Structures

If you are looking for a new flat, you will first look at the strength and credibility of the builder you invest in, right? Now, in the case of quality and premium flats in kochi for sale, they are bound by strict quality measures of construction quality. Unlike the big metropolitan cities, where everything goes through stringent procedures before the flats are delivered to the customers. Owing to the climatic differences, the builders make it a point to bring in solutions that will solve the stress of flat owners at any point in time. Since the focus on investment, quality builders make sure to build a lifelong promise of strong structures in Kochi.  In Kochi, no building has been compromised for quality, so your investment stands safe every day.

Legal Ownership Done on Time

By investing in a flat in Kochi, you can be assured of getting all the right papers in your ownership. This is because as per the rules, builders pay the necessary taxes and all other dues. This ensures that more than half of the background study for your investment for a flat in Kochi is done right. If the flat owner is in the custody of the right documentation, then you can also pursue a smooth sale.  If you do not have the proper papers, which would lead to unnecessary complications like sibling fights, or flat inheritance. In Kochi, the people are pretty sure to get everything in print and that helps you to cross check the details.

Passive Income

Once we retire, we all need a source of passive income. For instance, the spacious flats in maradu are a great source of attraction for those who love to sell out homes to foreigners. Over the years, since the living costs are rising, to sell the flats is a viable option and then again making a buy soon. This allows investors to keep the money rolling and the investment will grow your bank balance too. Unlike the every month income scheme, this is a one time money building scheme. Still, you can further put in the back, and earn monthly interest. That will help you comfortably meet your monthly expenses. Note that there have been many retired professionals who have come back from the UK, USA, and even Africa and they have been able to enjoy their retirement life in Kochi with this glorious sale of their flats. So if you are earning an income now, you should try to save up and invest in one or two flats that are affordable to the people. It will help to be a treasured and well-assured money source when you are aged.

Great Climate

Kochi is known to be a place where the climate is just awesome. This is one of the reasons why a lot of eco-friendly tourists gather in Kerala every year. Kochi is the first point from The International Cochin airport where tourists can get down and connect with the most iconic hill stations in South India. So, many people love to invest and settle down in such pristine towns that still cherish the aura of British rule. A great climate is one of the major factors that keep people coming back for a permanent settlement. So, if you have a flat in Kochi, reselling the flat is not a difficult task. Plus, when you have tourists coming for an investment, there is no lack of money, and it’s all white, which makes your transactions clean and transparent.

Scope for Growth

Next time you opt to search for flats in Kochi for sale, you must understand that this is a great decision in your capacity. Kochi is a city that is growing fat, expanding in terms of business and development. From being a small fishing village in the olden days, this city has transformed in a span of 30 years into a metropolitan city opening immense job opportunities for people. Today, this is one of the most preferred spaces for startups and that means there is a tremendous amount of inflow and outflow of money. So, if businesses are to start, the owners or rather the founders would love to invest in a permanent living flat rather than rentals every day. So, this is your golden chance to sell your flat and build your secured source of income. We don’t say that you should stop there. You can always reinvest and buy new premium flats in Kochi for a quick sale.

The top builders in Kerala, especially in prime locations in Ernakulam, offer a wide range of luxury apartments. Not all people are happy with just any kind of home Luxury apartments are a preferred choice choice among many current home seekers, who are willing to shell out a premium to get a luxury home at their chosen location. Have you ever thought about why people prefer to get settled in Kochi? The rising demand for the city is because it offers a better living standard, compared to other places in Kerala; besides, as the city is a business and IT hub, the city is in a constant state of growth.

A blissful residential community set in Kochi has finely crafted premium architectural intent and identity for development through the creative use of landscape. Such buildings aid to provide a lush landscape and provide a tranquil experience away from faces externally to all the habitable spaces. The character of the building leans towards a contemporary look to ensure the privacy of the residents and spills out to a large facility whilst allowing for fabulous views externally.

The specialisation in building apartments for sale in kochi pays more importance to the safety and privacy of residents, so Kochi has the best luxury apartments.

Living in a metropolitan city like Kochi, provides great comfort, luxury and premium quality living and other living options to cope-up with our needs. The luxury residential apartments next to the provinces render the opportunity to live the luxury life and the most trusted builders put every element of luxury in your bag to meet the expectations.

Why Luxury Apartments in Kochi?

Modern Comforts

Luxury apartments provide all modern comforts that contribute to making the living experience more comfortable.

360 degree Security

When you live in a luxury apartment, there will be personnel or security installations to guard you against uninvited break-ins. The 24hrs security is a common feature to consider with luxury apartments secured with walls & gates around the perimeter of the desired area.

A Good Investment

Luxury properties are one of the best options to invest in and if the projects are in a fast-developing area it becomes an added benefit to bringing more return on investment in the near future.

The Privilege of Privacy

Privacy is an important aspect to consider with the luxury apartments

and is a great choice if you want to enjoy every day.\

After-Sale Service

The builders who own the luxury apartments can supply an excellent team for your property maintenance and also after-sales services including all repairs and maintenance are also taken care of.

Quality

The builders to render satisfaction including quality and safety standards comes in-built with the luxury apartments. Total quality is the motto to hold high with luxury apartments.

Choice of Location

Luxury apartments in kochi definitely match your requirements and complement your lifestyle. Being within the beauty of Kochi is itself a luxury.

Talented Team

Builders deliver outstanding results with a team of smart, capable professional experts from a trusted builder is truly a deal of a lifetime. They treat you with the best amenities and facilities in the comfort of your independent space.

Types of Luxury Apartments to own in Kochi

Scenic Background to fill in

It is an exclusive community type that offers exclusive ultra-luxury in Kochi for the very upper crust. Abad Builders comprises high-rise towers set in a scenic background with a blissfully luxurious neighbourhood. The luxury apartments are situated defining the gradual acclivity of Abad Builders while the high-rise towers are located on the flatter terrain along its periphery with the edifices set in scenic streetscapes.

At the Heart of the City

A luxury to enjoy at the heart of the bustling town would perhaps sketch some remnants of a beautiful present. Home to many well-known town modernities making their presence felt, within the comfort of your townhouse marks the ultimate luxury. Perched in the centre of such beauty & conveniences, the picture of elegance from Abad Builders rises above the ordinary, giving you an excellent view of the city. The spacious balconies welcome the sunset, so as to discover and describe more about the uniqueness designed for you. Being in a home uncovering the colours of comfort & splendour will be proud to own.

Away from the crowd of the city

Some prefer a silent place to live, especially away from the bustling town and the demand still remains high for easy access to the essentials.

A quiet atmosphere yet blending seamlessly with the pace and glamour of the City is what Abad Builders promises you. Location still remains a matter of concern and an enviable place to stay and being eminently accessible with exquisitely planned and crafted dwellings come with all the amenities that your lifestyle demands. Abad Builders also presents an address of a perfect choice that will be coveted by all and owned only by a privileged few.

No common walls to share go amazing

The luxury flats in kochi inspire you to live life to the fullest and to experience the ultimate luxury, express yourself the way you do it best. The residences, especially during your leisure hours, being fully glazed on three sides, render a comprehensive basket of luxury lifestyle. No common walls to share with your neighbour make your home truly a heaven of peace and privacy.

Luxury villas for sale in Kochi: The new generation of home buyers in the district are increasingly preferring to buy villas in Ernakulam for their added benefits, comfort and luxury. Because of the increasing land and property prices and the hassles involved in maintaining an independent house, villas are also the go to choice for home buyers who would’ve earlier preferred independent houses.

Abad’s Villas in Ernakulam aim at providing you all the boons of living in an apartment or an independent house, without the hassles of it, so that you get to enjoy the best of both worlds. In a fast world where both parents are working and want to have a good work-life balance and spend time with their kids, taking care of a large independent house could be a headache. Instead, choose a villa and enjoy the extra time with your loved ones.

Let us explore in detail what the benefits of a villa are:

While apartments offer convenience, luxury villas in Kochi unlock a treasure trove of benefits, catering to a discerning few who desire an elevated lifestyle. So, if you’re contemplating this investment, delve into the unique advantages that await you:

Embrace Spacious Living and Unparalleled Privacy:

Step away from shared walls and embrace the expansive embrace of a villa. Sprawling living areas, private gardens, and dedicated parking spaces offer a sense of freedom and individuality unmatched in apartment living. Imagine hosting family gatherings under the open sky, enjoying serene evenings in your personal haven, or indulging in hobbies in dedicated spaces – possibilities abound.

Immerse Yourself in Nature’s Embrace:

Kochi’s verdant landscape presents a unique opportunity to own a piece of paradise. Villas often boast lush gardens, private pools, and balconies overlooking breathtaking vistas. Wake up to birdsong, unwind with a book amidst swaying palms, or host barbecues under a starlit sky – the natural symphony becomes an integral part of your life.

Indulge in Luxurious Amenities and Unmatched Comfort:

Modern villas in Kochi are havens of luxury. Gated communities with 24/7 security, swimming pools, gyms, clubhouses, and landscaped gardens elevate your living experience. Imagine unwinding in a jacuzzi after a long day, working out in a state-of-the-art gym, or enjoying recreational activities within the comfort of your community – an everyday indulgence awaits.

Experience Kochi’s Rich Culture and Heritage:

Kochi’s cultural tapestry, woven with ancient traditions, vibrant festivals, and delectable cuisine, is easily accessible when you own a villa. Explore bustling markets, historical sites, and art galleries within close proximity. Immerse yourself in the local flavor, participate in vibrant festivities, and savor authentic cuisine – your villa becomes a gateway to an enriching cultural experience.

Secure a Rewarding Investment for the Future:

Kochi’s real estate market is witnessing steady growth, making villas a sound investment. With increasing demand for luxury living and tourism potential, your villa promises significant appreciation in value over time. You can rent it out for passive income or pass it down as a legacy, ensuring its value endures.

Tailor Your Dream Home to Your Preferences:

Unlike standardized apartments, villas offer the flexibility to personalize your living space. Choose a design that reflects your taste, incorporate eco-friendly features, and customize amenities to suit your lifestyle. Your villa becomes a true reflection of your individuality and aspirations.

Owning a villa in Kochi is not just about bricks and mortar; it’s about embracing a lifestyle. It’s about cherishing moments with loved ones in a tranquil setting, indulging in nature’s beauty, and experiencing the richness of Kerala’s culture. It’s an investment in your well-being, your future, and a life less ordinary.

Conclusion 

With villas you do not have constraint over space. You can have your own garden, fulfill your long-time dream of having a pet and much more, which was never possible in your apartment. You have additional utility spaces like the terrace, backyard etc. that you can convert into a personal study, a work area or so. You also enjoy a privacy you would never have elsewhere. You can also make the most of a wide variety of amenities in the compound at your leisure. All in all you can enjoy the luxuries of high class living without investing tons of money in an independent home.

However the primary benefit that our clients share with us about community living are none of the above. It is in fact the sense of safety and security that they feel in a gated community with 24*7 security supervision and restricted and monitored entry. You can let your children play outside without worrying constantly and keeping an eye on them till they get back. You also get to meet people with similar likes and preferences. So choose the villa life, choose from the best Abad villa projects.

Real estate has been one of the sectors impacted heavily by the pandemic, the consequent lockdowns and the economic downturn. However, new data published by Kerala Real Estate Regulatory Authority (K-RERA) shows that the sector is slowly getting an uptrend. Since April 2022, 95 projects were registered with K-RERA in the second and third quarters of 2022, compared to 50 projects year-on year. Over 80% of purchaser interest is in 5 BHK apartments; this is a sharp increase from 56% in February 2022 and this category appears to be the most active right now.

Other categories have seen a decrease in the number of unsold homes. Currently, 4BHK homes have a sales percentage of 51% and 3 BHK units stand at 52. The worst performers are villas and 1 BHK apartment, with sales of 20% and 36% respectively. There has been a rise in the number of new projects and drop in unsold units as per Kerala Real Estate Regulatory Authority (K-RERA). In terms of the bigger picture, Sethunath M, CEO of CREDAI Kochi, said that the real estate sector in India is growing at an estimated rate of about 22% per annum and that it continues to be the second-largest employment generating sector, contributing to 6-7% of the GDP.

Meanwhile, Kochi, Kozhikode and Kottayam continue to be the hotspots, where people are choosing to buy homes in Kerala. Over the recent years, digital technology has revolutionised the way customers approach the decision of buying a home. The real estate sector has embraced digital techniques in helping clients make informed decisions when it comes to buying homes.
Virtual home touring, 3D tours and drone videos are some of the technologies that help home buyers visualise the plot selection and even, seeing how their completed home will look, with interior finishes and more. Some real estate builders have begun using 3D tours and drone videos to help people see the space in 360 degree and to observe the dimensions of the interiors clearly in high resolution.

“Among home buyers in Kerala, the inclination now is towards homes with a balcony and a garden where they can spend some time peacefully, indoor and outdoor gyms for the health-conscious, a spacious and well-fitted kitchen, and an eco-friendly and pleasant atmosphere,” says Dr Najeeb Zackeria, MD of Abad Builders. “There is also a premium being placed on home safety and security, and the use of the latest in technology for this purpose.” Besides, there is a growing trend towards people preferring to live in suburban areas rather than in the middle of the city’s bustle, which works excellently for home buyers in Kochi, with apartments and homes in Edapally, Nettoor and Maradu.

The real estate market in Kerala has been showing many positive trends of late. Kerala has always been at the forefront of infrastructure development in the country. With the background of a fast-growing economy and rapid urbanization, the housing and commercial real estate landscape of Kochi has seen an upward trend over the last few years. This is expected to continue in the current year as well. This has led to the flats in Ernakulam becoming one of the most preferred investment options.

These facts can be read along with the rise in demand for luxury flats in Kochi as well as other parts of Kerala like Thrissur, Thiruvananthapuram, etc. 2020 has witnessed many innovative projects that explored the requirements of modern living and contemporary architecture. These innovations were a breath of fresh air into the real estate market in Kerala. Here are the top 5 latest real estate trends in Kerala that homebuyers should keep in mind before investing.

Technology has Transformed the Market

The construction business has developed in a humongous way owing to the technological prowess that has improved over the years. For instance Digitalization is the brilliant technology behind the transformation of the real estate market. People from various places are following Digital tools for their convenience. Therefore, Technologies can make rapid changes in Real Estate Market.

Sustainable and Green Homes are Gaining Importance

Green housing projects that leave a minimal footprint on the environment is gaining huge popularity, especially among the younger generation. We live during a time where climate change and environmental hazards are frequent topics of discussion. Governments and individuals are doing their maximum to minimize the damage to the environment, and to promote a sustainable lifestyle. Thus more and more builders are focusing on developing eco-friendly flats and villas, by paying attention to each step of the process, from procuring raw materials to creating sustainable designs.

Interior Designs are Becoming Functional

In 2020, interior designs are not just about being elegant. They are becoming more functional to suit the needs of the homeowner. As mentioned above, environment-friendly designs are in vogue, and thus interior designs are becoming more sleek and minimal than it used to be. The clutter-free look is now preferred by more people for their homes. Builders and interior designers are following the suit by implementing contemporary design language to attract the millennial homebuyers.

Security is Gaining Importance

While most of the latest apartment projects in Kerala are already offering adequate security services to homebuyers, this is becoming more important in 2020. Homes are becoming smarter and more sophisticated regarding the matter of safety. For instance, many contemporary flats in Maradu, Edappally, Thrissur, etc. have introduced the latest technologies like smart locks and security automation systems. These features are in addition to the traditional methods of employing security personnel and doormen.

Gated Communities are Preferred More

As discussed above, homebuyers are increasingly becoming concerned about the security of their homes, and the amount of security offered by gated communities is unparalleled. Moreover, most gated communities are synonymous with luxury, and thus luxury homebuyers prefer gated communities more. These luxury homes offer premium amenities along with enhanced safety by smart security systems. Gated communities also offer more space to take an occasional stroll and to relax, unlike apartments that are raised in smaller areas.