Increasing Demand for Luxury Flats in Calicut

Calicut, the historical city on the Malabar coast of Kerala, has been witnessing an increasing demand for luxury apartments. Thanks to the robust development and economic resurgence that the city had been exposed to over the past few years. The city is now renowned for its commercial and business establishments at par with global standards. 

More and more people are coming to Calicut in pursuit of their careers or businesses. An increase in the disposable income of the middle-class sector, as well as high investments from NRIs in the real estate sector, have contributed to this rising popularity of luxury living.

Here are a few more reasons as to why there is a growing demand for luxury flats in Calicut.

  • Infrastructure

Calicut is blessed with excellent social infrastructure and other facilities. The city is home to many well-known institutions in the fields of education, medical science, and technology. Aster MIMS, IIM, NIT, Calicut Medical College are a few eminent institutions in the city. The presence of IT parks has also brought about significant developments in the field of infrastructure. The city has a good network of roads and offers excellent connectivity. Calicut International Airport located at a distance of 27 km is the nearest airport. 

  • IT Boom

Cyber Park and the UL Cyber Park are the two state-of-the-art IT parks in Calicut. Calicut is undoubtedly an emerging IT hub and has been attracting IT professionals from all over the country. This has caused a spurt in demand for housing in the city. More people are now opting for an ultra-luxury lifestyle owing to their high-salaried jobs. Thus the IT population is increasingly looking for premium homes in the city.

  • Luxury amenities

The realtors in Kerala are now offering a spellbinding range of amenities for homebuyers. Luxury apartments come with a comparatively superior range of facilities that help the owners spend time relaxing and rejuvenating themselves amid the hectic schedule. Clubhouses, pools, private gyms, sports courts like tennis and badminton court, CCTV surveillance besides the 24 X 7 security are some of the ultra-luxurious amenities offered to the residents.

  • Culture and heritage of Calicut

Calicut is a melting pot of cultures. The city, with its numerous historical monuments and beautiful beaches, is also a tourist’s paradise. Calicut is also famous for its authentic Malabari cuisine. Mananchira Square, Sweet Meat Street, and Calicut beach are a few must-visit picnic spots in the city. Calicut makes for an excellent base for those going to Wayanad and Nilambur. Thus the city can also be considered for investing in a second home as it offers everything for those who seek luxury.

  • Appreciation and resale value

The trend of investing in property has witnessed tremendous growth, especially among the millennials. Investing in properties will fetch great monetary returns for homebuyers in the long term. It is indeed the right time to invest in the city as the land and properties have high-value appreciation. Buyers can earn high rental income from these properties. Luxury apartments offer comparatively higher returns and are, therefore, is a great investment option. 

If you are looking for a luxurious life in the city of spices, please explore a range of exclusive apartments in Calicut by the Confident Group.

 

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.

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