Do you think that Kerala real estate sector can bounce back from the slump it is going through this period. Well, the sector will bounce back because of two major reasons. The major one being the NRI money that is pouring in to the Kerala real estate sector year after year. Lakhs of NRKs are working in different parts of the world are investing in Kerala by buying lands, building bungalows, investing in flats and villas as a long term investment.
Top builders in Kerala are coming up with many projects to cater to the same buyers who are residing in various parts of the world. Keralities settled in Europe, Australia and U.S are more affluent when compared to the crowd in the Gulf. These people buy land mostly in their village and build huge mansions to enjoy while they are on yearly holidays. That’s the reason why the land prices in some rural places are also on the high side.
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