Palakkad has become one of the prominent locations for investment in real estate for NRIs. There are firm and concrete reasons for the real estate boom in Palakkad. It is astonishing that the real estate sector, in respect of Palakkad, is on the upturn even during the COVID-19 period. The expectation of a bright future and a quick bounce-back could be the possible reasons for the continued rise. We will be examining the reasons why NRIs find Palakkad the best location to invest in real estate.
Palakkad has changed significantly concerning infrastructure development. Construction of new multispecialty hospitals in Palakkad, educational institutions in Palakkad, villas in Palakkad, etc has played an important role in changing the face of the city.
Palakkad – the booming phase of real estate
Palakkad, ‘The Granary of Kerala’, is gaining the attention of real estate investors. Proximity to Coimbatore and major arteries of the state and country and a thriving IT scene have made Palakkad a much sought-after location for out-of-town buyers. This is one of the major reason why NRIs find Palakkad the best location to invest in real estate. Then there’s an economical living and balanced environment to ease the investment decision.
- Reasonable Price – Buying property in Palakkad is profitable considering the competitive pricing. NRIs find the rates of villas, apartments, and flats affordable compared to other parts of Kerala.
- Serene Surroundings – Palakkad is a beautiful and serene place, ideal for those hoping to settle down. Away from the cacophony of the city, Palakkad has been renowned for the green adorned fields and peaceful atmosphere.
- Living Cost – Located at the Tamil Nadu border, living cost is less in Palakkad, owing to the easy availability of food grains and vegetables.
- Connectivity – Palakkad is well connected via rail and road. The nearest international airport is Coimbatore international airport, which is just 60km away from Palakkad. Therefore, travel to any part of the world is easy.
The above-mentioned may be the primary reasons for the real estate boom Palakkad witnessing nowadays.
Reasons – Why NRIs find Palakkad the best location to invest in Real Estate?
NRIs consider various positive aspects before deciding to invest in a property. The real estate sector has been the best and one of the most chosen options of investment. As the tangible asset is considered safer than other investment methods.
Palakkad rose to the limelight with a large number of NRIs opting to invest here. We have analysed the reasons for the increase in the number of NRIs deciding to invest in Palakkad. It is observed that the following points have played a remarkable role in the decision-making of NRIs.
- Development – Palakkad envisages enormous development prospects. The infrastructure development plans that have been deliberated for years have finally started seeing the light of the day. This is of ample importance whilst considering an investment in property.
- Employment Opportunities – The gradual rise in employment opportunities with several industrial establishments from both private and public sectors opting Palakkad as the location. This has increased the requirement of property in Palakkad. The NRIs sensing a business opportunity started investing in real estate in Palakkad.
- Resale Value – The resale value of property in Palakkad is another attractive factor. NRIs, those who are investing in reselling the property at a higher rate, have started opting for Palakkad.
- Projects from Reputed Builders – Unlike earlier days, reputed and well-established builders have excellent projects in Palakkad. The luxury villas and apartment projects have been luring NRIs in hordes. It will solely depend on you whether you want a villa, an independent house, or an apartment. You can procure the property of your choice from established builders.
These are the major reasons why NRIs find Palakkad the best location to invest in Real Estate.
Villas and Houses in Palakkad
Exceptionally designed villa projects and apartments are the latest attraction of Palakkad. The villas and houses from credible builders have been attracting both NRIs and domestic buyers. The affordability of luxurious villas is an added advantage concerning Palakkad.
Choose any upscale location in Palakkad for investment in property, you will find villas and houses of reliable builders available for purchase. The impeccably designed properties are installed with world-class amenities to provide you the comfort of international standards.
Palakkad is blessed with positive features of both the city and village. Hence, life at this place offers unparalleled convenience to you. The property could be purchased either for your personal use or as an investment option from reliable real estate builders in Kerala. Either way, it will be advantageous for you.
Check out the properties in Palakkad today and book one of your choices.
