How IT boom in Calicut boosted Calicut real estate demand

IT boom in Calicut: Increase in Housing demands

One of the most important industries in India is the IT industry. Factually speaking, trained IT professionals are the country’s biggest assets as they contribute massively to the national revenue. IT sector in Kerala has over 60,000 people working in the 250 IT companies accommodated here. Kozhikode is the heart of the IT and industrial developments in Kerala. There are two ‘state of the art’ cyber parks in Calicut. The Cyber Park run by the government and the UL Cyberpark. Both these establishments are accommodating more and more companies and startups every day, drawing more working population into the district. At the moment the Government Cyber Park has eight companies while Uralungal Cyber Park has twenty five companies. Due to this boom in the IT field, Kozhikode is also witnessing an increase in demands for homes.

Employees of these companies will be in search of a home in a convenient location to establish a perfect work-life balance.  This is leading to the growth in residential infrastructure. Added to this, people who own properties here could benefit financially by giving their properties for rent. After the arrival of Infopark in Kakkanad, Kochi, the value of homes has increased dramatically. Houses that were given for Rs 2500 on a monthly rent are now as valuable as Rs 15000. The appreciation value of the properties will increase overtime with the addition of more infrastructure and other facilities. Investing in homes near the IT parks would be a great idea for aspiring property buyers.

People who are not working in the IT industry can still gain from the same because IT professionals and industrial workers are still reliant on varied facilities for their day to day existence. The weather conditions and lush landscape in Calicut district are favorable too. Likewise, Calicut is said to be one of the safest places to live. Added to these factors, new projects are being built with many facilities and amenities to provide safe and comfortable homes for home buyers.

Confident Group has constructed luxury flats in Calicut; near Farook College, Methottuthazam, and Kottooli. As the demand for quality homes is increasing, Confident Group aspires to provide homes bound with the perfect mix of comfort and convenience.

ABOUT THE AUTHOR

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.

Comments (0)

VIEW ALL COMMENTS

POST YOUR COMMENT

Your email address will not be published. Required fields are marked *

Budget flats in Kerala

Disclaimer

Thank you for visiting our website. We would like to take this opportunity to keep you up-to-date with the changes currently being deployed in accordance with the rules and regulations stipulated by RERA – Real Estate Regulatory Authority.

This process may take time, and it’s duly advised not to take any information currently mentioned on the website like images, material, stock photography, projections, details, descriptions, etc. to make a final purchase decision. All information should be deemed to be or considered only as advertisements, solicitations, marketing, offer for sale, an invitation to offer, an invitation to acquire, including within the purview of RERA.

You are therefore requested to personally verify all the details and aspects of any booking/acquisition of units/premises, directly with our sales department. To reiterate, please do not rely on the information contained on this website to make a final purchase decision until all the revisions and updated are completed.

Also, please note that we’ll not be accepting any bookings or allotments based on the material, images and descriptions mentioned on the website. We request you to contact our sales department for expert advice and information on the same.

Thank you for your patience.

I Agree