The Indian real estate market has been an astounding success in the past few years. After battling COVID for almost 2 years, our country overcame the challenges posed by the pandemic fairly quickly and witnessed a surge in demand for apartments in Calicut, especially in tier 2 and tier 3 cities. This change is the consequence of several dynamic changes, such as urbanization, a shift in consumer taste and preferences, proactive governmental interventions, new initiatives, and technological advancements. According to a recent study, real estate sales in India will reach $1 trillion by 2030, accounting for 13% of the country’s GDP by 2025.
Owning a home is a dream for many, and buying one in Calicut, a coastal city with lush landscapes and a rich historical background in Kerala, is especially appealing. Calicut, formerly known as Kozhikode, has strong ties with neighboring towns, attracting global investors. It was ranked as the second-best city to reside in and played a pivotal role as a major port for spice, silk, and goods trade when Portuguese explorer Vasco Da Gama arrived in 1498. As a prominent trade and commercial hub in Kerala, Calicut also captures the interest of potential home buyers.
Being one of the most commercially developed cities in Kerala, Calicut is the major center point for trade, with prominent ports in the Malabar region. This has led to an elevation in the quality of life for people in the city. Apartments in Calicut are undoubtedly the finest option for picking the best real estate property in Calicut.
So without further ado let’s deep dive into the advantages of living in apartments in Calicut.
Calicut is known to be one of the most commercially developed cities in Kerala. The place is the center for trading and plays host to prominent ports in the Malabar Region. As the city evolves into a modern metropolis, the need for high-quality housing grows. As a result of this demand, investors have the opportunity to profit from a growing Calicut Real Estate market that services both consumers and companies.
Calicut has the fastest-growing IT hub. With the arrival of the Government Cyberpark and UL Cyberpark Kozhikode opened the gate to more employment opportunities. Not only that, It allowed many companies to start their office in these areas which led to a huge demand for residential properties in Calicut.
The population of Calicut is barely 8% of Kerala’s overall population. In comparison to its overall geographical size of roughly 2,34,566 hectares, Kozhikode has fewer residents (30.9 lakh people) as compared to other big cities. This presented a great opportunity for the city to flourish. Investors would find their true wealth here as early investors could benefit from the real estate market in Calicut.
Calicut’s flourishing economy, particularly with the introduction of IT Parks, has drawn the attention of many potential homebuyers who have shown interest in relocating to the city. The rising value of real estate ensures that home buyers receive high resale value. Calicut is an ideal place for people searching for real estate investment possibilities. This provides you with long-term financial stability.
Today, we can see that sustainable living has become an important aspect of our lives since it brings us much closer to the environment. The commitment of Calicut to sustainable living is apparent in its real estate developments. Many projects emphasize the importance of environmentally friendly architecture, including rainwater collection, solar panels, and green areas. This emphasis on sustainability is in line with worldwide trends and has the potential to increase the long-term value of your investment.
Buying a home is not a cakewalk. As discussed above, taking into consideration a lot of crucial aspects is necessary when buying a home in a well-commercially developed city like Calicut. Such a city will meet all your needs with ease, whether it’s employment opportunities, traveling to other cities, meeting healthcare needs, or educational purposes. Keeping all these factors in mind, the Confident Group has left no stone unturned to build projects that align well with all the factors mentioned above. Their ready to move apartments in Calicut bring a baggage of amenities that will not only prioritize their comfort but also improve their quality of life.
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