The real estate sector in Kerala was until recently dominated by native construction companies. However, lately there is a gradual inflow of builders from outside, especially from Bombay, and Bangalore. This is ample evidence of the growing demand for flats and apartments among the people of Kerala.
Kerala has emerged as a hotspot of real estate development. Major cities and towns in Kerala are fast becoming the choicest sites for real estate projects. Owning a flat has become fashionable among the new generation of Kerala thanks to the unprecedented shift from traditional joint family setup to nuclear family.
What often prompts many apartment and flat builders to choose a place is the developmental potential the land offers in addition to the demand. Take the case of Kochi city. Real estate Kochi is one of the booming sectors in all Kerala. Latest trend suggests that people from Kerala employed in the western European countries are interested in buying flats in different parts of Kerala, but primarily in Kochi. Many of them desire to invest in real estate Kochi.
The importance of real estate segment as one of the largest employment providers has also been widely appreciated. The real estate segment offers a lot of career opportunities for professionals like engineers, architects, designers, electrical and plumbing experts, interior designers, and landscapers. It also provides a number of job openings for marketing executives, customer care, financial advisors, legal experts, etc. Apart from these many other business sectors, like the media are also benefited directly and indirectly, and in turn contribute to the overall development of the city as well as the state of Kerala.