Kerala has been known for long as an attractive tourist destination. But over the years Kerala has also emerged as a hotspot for property investment. This is primarily due to the continually improving state of the economy of Kerala, which has gone beyond only tourism. For both businessmen and for job seekers, Kerala has emerged as a very attractive destination to live in, work, and also plan for their future by investing in property. Let us look at two examples of property hotspots in Kerala.
Ernakulam is the commercial capital of Kerala. It is the mainland business district of the historical town of Kochi. Ernakulam is buzzing with entrepreneurial activity, and is the commercial and business capital of Kerala. Cochin Port and shipyard as well DP World have fast tracked the commercial activity in this city. Tourism still continues to be a big draw, and most tourist packages for Kerala start and end at Ernakulam, whether the tourist is arriving by train or plane. It is no wonder that the Lulu Shopping Mall, one of the biggest in Asia, is situated in Ernakulam. Ernakulam is part of the North South highway corridor, and therefore enjoys superb connectivity to other parts of the country, and now even has its own metro railway system. It is no wonder, then, that investors are rushing to buy Flats in Ernakulam or Villas in Ernakulam.
Another upcoming destination for potential property investors is Kottayam. It is the administrative capital of the state of Kerala. It is commonly called the city of three Ls – Letters, Latex and Lakes. It has been the center of Malayali literature for ages, and is also regarded as the hub of the Kerala rubber industry. The buzzing commercial activity in Kottayam makes it so attractive to property investors. Therefore, purchasing Apartments in Kottayam is a sound investment decision.