Cyber Park – Positive Impact on the Real Estate Sector In Calicut

23 MAY 2023

Calicut is an extremely active and vibrant metropolis. The streets teem with the sounds, scents, and sights of a thriving culture with deep historical roots. The Arabian Sea serves as a unifying thread between the city’s ancient customs and cutting-edge developments. Palm trees flank the beach, making it a lovely area to promenade and enjoy the salt air. The city is known for its old mosques with their distinctive minarets and its vibrant markets that sell everything from spices to textiles. Locals are kind and inviting hosts who are happy to tell guests about their lives and the history of their city. Calicut is a city where history and modernity can be appreciated side by side, and where hope for the future is always visible.

The city has flourished into a modern metropolis with a diverse economy, rising population, and good weather. The city has won the hearts of both tech workers and those in related service industries. Because of this, there has been a surge in demand for apartments and houses in Calicut, which has attracted well-known construction firms from all across India.

Calicut, India’s economy and prominence on the international technological stage have been revolutionised with the establishment of the city’s Cyberpark. The park, situated in the middle of the city, is a cutting-edge complex that is home to some of the most forward-thinking and prosperous IT firms in the country. This demonstrates Calicut’s dedication to becoming a global technology hub.

This partnership between the state of Kerala and the Kerala State Industrial Development Corporation was established in 2003. The plan was to build a world-class complex that would serve as a magnet for tech companies from all over the globe, thereby boosting the local economy. Over fifty enterprises, including industry heavyweights like IBM, Tata Consultancy Services, and Wipro, have set up shop in the park, making it a resounding success in terms of its intended purpose. Below are some of Cyberpark’s many benefits to the Calicut property market:
Property investors are eager to snag apartments in areas close to burgeoning IT parks because of the substantial profits they stand to make. Because of this, the property is ideal for those working in the technology sector or a similar field who value work-life balance. Also, due to the consistent demand for apartments throughout the year,
Calicut’s real estate market has benefited from the arrival of the city’s first cyberpark, driving up prices. There has been a rise in the cost of living and rent as a result of the influx of high-tech businesses into the area.

New neighbourhoods have been built as the technological sector in Calicut has expanded. Near the cyberpark, in these communities, IT workers can choose from a wide range of housing alternatives, from modest apartments to mansions.
Even Calicut’s rental market has benefited from the introduction of the cyberpark. There has been a rise in the demand for rental houses as more and more people flock to the city to take advantage of the booming IT industry. For local property owners, this means more money in the form of rental payments.

Calicut has seen an uptick in the construction of commercial real estate because to the cyberpark. The need for office space has increased as a result of the growing number of tech enterprises in the area. As a result, several new hotels, restaurants, and shops have opened up in the neighbourhood positively impacting the real estate sector in Calicut
Ultimately, the Calicut cyberpark has proven to be a huge success. It has positioned Calicut as a significant participant in the Indian technology industry, attracted some of the world’s leading technological businesses to the region, helped to create jobs, and boosted economic growth. The park is a model of how public and private sectors may work together to boost the economy and improve people’s lives.
Buying a flat in Calicut is a long-term investment that will pay off handsomely for you and your loved ones. Try to find a developer with a good track record while looking for an apartment in Calicut.

Confident Group is Kerala’s premier construction company, having successfully finished over 16 projects of varying scope and complexity. The Confident Group brings to its people five brand-new, luxurious apartments in the centre of Calicut, where one can take advantage of the city’s many attractions without sacrificing any of the conveniences of contemporary life. Schedule a visit to the land of the property today and take the first step toward owning the home in the land of Stories and Sulaimani.

Author - Confident Group

As the most trusted real estate brand in the nation, we at Confident Group strive to create a positive, smooth and transparent medium for potential home buyers with anything and everything related to home purchase. We provide informative and engaging articles which cover useful details across many verticals from the real estate sector. Our 2-decade long expertise in building infrastructure projects across Kerala and abroad backed by the trust of over 10,000 customers earned us the reputation of being the best as a real estate brand in Asia. We hope that our blogs will help in translating our experience for the prospective buyers who are looking for their dream home.

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