Monday, March 17, 2008

Kerala Realestate

Indian Economy is booming and it grow to a scoring rate of 10.4 %, and it caused many social changes more than economic after effects. We can see its reflections on each and every sector from retail to construction and to infrastructure from north to south of the subcontinent.

The southern coastal state of kerala also witnessing a rapid development in infrastructure facilities and property development. Ten years before the major investors of Kerala Real Estate was NRI’s and now the scenario is different. NRI’s usually brought land in Kerala more as an investment. But today Real Estate transactions become a serious business by the advancement of a large sections of middle class to upper middle class and the increase of nuclear families totally changed the scene, created a huge demand of housing and that reflects in economy as investments in the real estate kerala.

The demand of land is increasing day by day and that lay ground for the best deals happening even in the remote outskirts of major cities. But the increasing number of real estate players both National and international will eventually make this more competitive and less lucrative.

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