Calicut had been a place of significance even before the nation gained its independence. Considered as the ‘land of spices’ since the middle ages, Calicut later grew as a major port city and a trading hub. As the times have changed, so has Calicut. Now Calicut has earned itself a very reputable position in the economic graph of Kerala.
The initiation of two Cyber Parks has contributed immensely to the current position of Calicut. IT professionals and entrepreneurs from across the nation have started flocking into Calicut. This has helped Calicut get noticed in the list of IT parks in the country. This has also indirectly boosted the housing demands in Calicut.

Higher inflow rate of employees has increased the requirement for housing options. As the number of working professionals have increased so has the search for convenient housing facilities. In search of a perfect work-life balance, young professionals shall invest in flats and apartments. The demand for flats in Calicut have thereby skyrocketed in recent years. Employees of the various firms in Cyber Park have already rented many flats and apartments in Calicut. Real estate business has thus developed in Calicut. Studio apartments, flats, houses, condominiums, etc. are in great demand.

This has also helped Calicut grow as a major location for real-estate investment. Most national builders look forward to investing in Calicut, due to the ever-increasing demand for flats and apartments. The ideal location of the place, the developing industrial hub, and promised returns are what attract real estate giants to Calicut. Moreover, the cost of living in Calicut is far less compared to other cities in Kerala. The people of Calicut are very amicable and supportive of those moving in. Hence friendly neighbourhoods are also reasons that attract professionals to settle in the city.

The market for luxury apartments and premium villas are also increasing relatively, thanks to the development of the IT hub. The promise of guaranteed returns is what drives people into investing in flats in Calicut. Even if they do not plan to settle down, renting out their apartment, they can earn a fixed amount every month.
Builders and real estate players are therefore trying hard to meet the increasing demand for residencies in Calicut by building more apartments.


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URL : https://www.landmarkbuilders.co.in/

Blog ID : 242855

Category : Real Estate

Date Added : 22-7-2019

Tags : country | initiation

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