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Today, most of the home buyers play it smart and safe when it comes to purchasing their dream home. With an ever-growing list of aspirations and demands of home-buyers, there are mounting concerns about finding the right home or property. After evaluating a few basic criteria for buying a home that includes budget and basic amenities, they are not yet ready to call it a day. Youngsters especially the millennials have the foresight to invest money wisely. Undoubtedly, buying a home should be a rewarding experience in the long-run. For aspiring home buyers in Kerala, Calicut is a hotspot for real estate investments. If you are looking for buying a flat in Calicut, here are a handful of reasons why your property in Calicut would prove a good investment.
The coastal city of Calicut has a strategic location. It has close proximity to prominent cities of Bangalore and Mysore in Karnataka. Kannur, Wayanad, and Malappuram are the neighboring cities. The city has a good network of roads. Kozhikode Railway Station and Calicut International Airport are located at 1.7 km and 20 km respectively. The city also houses renowned educational institutions and hospitals that include NIT, Aster MIMS, and Calicut Medical College. Calicut is also home to the second-largest shopping mall in Kerala, the HILITE Mall. The city has many localities with a robust infrastructure for those looking for flats.
Cyber Park and the UL CyberPark are the two state-of-the-art IT Parks in the city, located at a distance of 7.5 and 6 kilometers respectively. This has attracted many multinational companies to the city which in turn increased the number of IT professionals coming to work in the city. Thus more and more housing projects are taking shape in this city that caters to the lifestyle of this growing IT workforce. 2 bhk/ 3bhk flats or apartments are especially in demand as rented accommodations.
Your property can be leased out for a fixed period of time and can assure you of a steady source of income. Calicut will never disappoint those who are considering the option of renting out their properties. As a city that witnesses hordes of migrants, there is a high demand for flats or apartments on rent.
There is a range of tax benefits that one can avail as a first-time homebuyer. Those staying in rented accommodation are also entitled to tax deductions on the House rent allowance (HRA).
The booming economy of Calicut, especially with the advent of the IT Parks has lured many realtors to the city. The appreciating value of real estate with time will ensure that the home buyers get excellent resale value. For those looking for opportunities to invest in real estate, Calicut is a perfect destination. Your property in Calicut will offer you better returns in the long run and lets you enjoy financial security.
If you are looking for a flat in Calicut, Kottooli, Methottuthazham and the area near Farooq College are a few perfect locations to own one. Hope this article will encourage those looking to invest in real estate properties in Calicut. So, if you buy a home in Calicut, you are actually investing in a safe future for you and your family.
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.