With good governance, the booming IT industry, generating significant job opportunities and growth in the real estate sector has opened avenues for investment in Kerala. With large scale IT hubs –Technopark, Infopark and Cyberpark- and other physical infrastructure such as metro rail, airports, national highways and ports, Kerala has always been the most preferred investment destination for all NRIs.
For real estate, the year 2019 is considered as a smart revival after the implementation of social and economic reforms. This has helped to evolve and shape the real estate sector in a positive way. Besides all these, there are several other factors that make real estate an attractive investment option for NRIs.
There is a fast-paced infrastructural development in Kerala including the Tier-II cities and its suburban areas making the location highly potential for appreciation. For NRIs, investing in real estate will be a smart move.
Another attractive factor for NRIs to invest in real estate is its return on investment. Comparing to other investments, returns from real estate property are high. Residential properties in prime locations across Kerala offer good and constant rental yields as well as potential capital appreciation.
The easy availability of home loans for NRIs is a key attraction to invest them in the residential sector. They can avail a home loan up to 80% of the value of the property from any RBI approved banks. Repayment can be done through inward remittances, debit to an NRE/NRO account. If they are earning rental income, this can also be used to repay the loan amount.
The new regulatory reforms undertaken by the government such as RERA, GST, etc has brought transparency and accountability that help to make the real estate sector more streamlined. This has created a win-win situation for real investors.
Kerala real estate market has turned out to be one of the most attractive investment options for NRIs and residents alike. For those NRI who are considering to buy property, this is the best time to invest in Kerala real estate.