Real Estate in Kerala
Kerala real estate is growing and amid rising number of accident cases at construction sites and insufficient safety measures, the Kerala wing of Confederation of Real Estate Developers’ Association of India (CREDAI) is planning to bring out a safety manual for workers in the construction industry. The developers’ body is to release the manual at [...] Continue Reading »
Expanding IT/ITeS sector paved the way for real estate growth in Kochi. Now, in the last 2-3 months the real estate sector has exhibited significant appreciation in property value with the metro rail project coming up. Property prices have increased up to 30 per cent in areas where metro rail work has begun. Kaloor and [...] Continue Reading »
State Bank of India (SBI) has offered an all-time low interest rate to its customers interested in investing in the sector. SBI offers a low interest rate of 10.25 per cent for housing loans up to 30 lakhs and 10.4 per cent for amount above 30 lakhs, said Avinash Kumar, SBI chief manager. A three [...] Continue Reading »
The National Highways Authority of India (NHAI) has made a notification for widening of national highways to 45 meters in the district. The coordination committee of people’s forum had opposed the decision stating that this decision will help the land mafias in those areas. According to the group, widening of roads up to 30 meter [...] Continue Reading »
It is noticed that over the time a network of middlemen controlled the price of land in Kerala. The so called land mafias do not allow the interaction between genuine buyers and sellers of land. It is also recorded that at least 10 lakh unoccupied houses and flats are available in Kerala. The middle men [...] Continue Reading »
Real estate of Kerala is going to witness the biggest commercial and residential project in Kochi. the first startup village constructed in a public-private partnership venture. The startup village is developed at Kinfra Hi-Tech Park in Kalamassery. The residential projects at Kalamassery will get a good prospective market with the progress of the tech park. [...] Continue Reading »
The recent budget by Alappuzha municipality in kochi allocated a fund more than Rs.50 crore for construction of real estate apartments in Kochi. The municipality has planned to invest Rs. 25 crore for various building construction, Rs. 20 crore for construction of apartments at Sethu Parvathi Bhai in Punnapra. The municipality also planned to invest [...] Continue Reading »
Government of Kerala published the new guidelines for the real estate industry in Kerala. The government has asked for the environmental clearance for the high rise apartments. The real estate developers association expressed their disagreement stating that adequate infrastructure facilities are not available at Kerala. According to the builders of Kerala, the state government must [...] Continue Reading »
