Why is Calicut the Next Big Thing in Real Estate Investment?

Calicut is one of the most important cities of Kerala, historically, commercially, and strategically. It was where Vasco da Gama landed in 1498, in search of a sea route to India, and it became a major hub of trade and commerce, which continues to the day. 

So, why is Calicut’s next big thing in real estate investment today? Let’s take a look:

Natural Beauty

Calicut is blessed with diverse natural beauty that includes golden sandy beaches, verdant hills, cascading waterfalls, serene lagoons, placid lakes, and lush greenery. It is a clean city and has pleasant temperatures throughout the year, with plenty of rain, meaning there is never a water shortage here.

Connectivity

Located on the coast of the Arabian Sea, Calicut has a strategic location. The international airport connects the city to all of India and many major countries of the world. It has one of the best railway stations in India and is well-connected to the entire nation. The presence of major national highways and arterial roads ensures that the rural areas of the district, and cities in other states, are all accessible. It also has an excellent public transport system thanks to the buses and local trains.

Entrepreneurship Opportunities

There are several IT and business parks which offer a number of facilities for startups and ongoing businesses, promoting entrepreneurship. It attracts professionals and entrepreneurs from all over India, which gives rise to the demand for property. This is a major reason why flats in Calicut are becoming a hotspot for real estate investments.

Safety

Calicut is a very safe city, and the crime rate here is negligible, which is why many want to buy apartments In Calicut. You can find several shops open, with a lot of people and vehicles on the road at any time of the night or day. Major roads are well-lit, and the locals are, in fact, known for returning items they find in public places, including valuables. 

Educational Institutions

From playschools and primary schools to professional colleges, Calicut boasts some of the best educational institutions in the state, both private and government. The presence of an NIT, IIM, a reputed Medical College, etc. makes it a coveted city to settle in. The Science Centre and Planetarium is a sparkling jewel in Calicut’s crown. 

Healthcare

Medical tourism has become an important revenue earner for Calicut due to the presence of excellent hospitals which provide exemplary care at affordable prices. Patients come here for surgeries and other procedures from the Middle East and Europe. This is a huge reason for Calicut being the next big thing in real estate investment.

Tourism

Calicut has a plethora of opportunities for tourism because of its natural beauty, traditional martial arts centres, ancient temples, churches, and mosques, unique activities like the handmade seaworthy boats called Uru, and others.

Why do these factors make it a favoured destination for real estate investment? Well, that’s because it brings in professionals and entrepreneurs in different niches to the city, all of whom will need residential accommodation. They may rent or even buy flats as they are here for the long term.

If you are an investor, you should definitely consider purchasing flats to give on rent as part of your real estate investment strategies in Calicut. The percentage of the floating population in places of rapid growth and development is always pretty high, and they are likely to want rental accommodation only.

Let us now look at some real estate investment strategies for first-time buyers in Calicut:

• Flats are a better investment, as families are becoming smaller and people prefer compact homes to sprawling homes
• Ensure that the flat you buy is in a good location, close to healthcare, schools, and essential markets, with easy access to main roads.
• Check the builder’s reputation and background; read reviews left by others who have purchased their flats, and verify that the projects are RERA-approved.
• It is a good idea to purchase the flats when the project is announced so that you get them at a lower price.
• If you are not keen to rent, you can hold the apartment and sell it for a good profit at a later date.

Conclusion

Calicut is a thriving, cosmopolitan city with some of the most friendly and helpful people you will come across. We are sure that by now you are convinced that Calicut is the next big thing in real estate investment.

PVS Builders is one of the leading builders in Kerala and has prestigious projects in the best locations in Calicut. Premium amenities, superior construction, exceptional safety features, sustainability, RERA approvals, and aesthetically pleasing appearance are some of the hallmarks of PVS Builders’ apartments.

Ready to elevate your lifestyle? Connect with PVS Builders and find your dream home in Calicut and Kannur. Experience premium living with our top-tier amenities and strategic locations. Call us today to learn more about our exciting offers and make your real estate dreams a reality!

FAQ’s

What makes Calicut a unique destination for real estate investors?

Calicut’s blend of natural beauty, historical significance, and modern amenities makes it a prime location for real estate investments. Its strategic location with excellent connectivity, growing IT and business parks, low crime rates, and high-quality educational and healthcare facilities attract professionals and entrepreneurs, boosting demand for residential properties.

How does the presence of educational institutions in Calicut impact real estate investment?

The presence of top-tier educational institutions like NIT and IIM, along with primary and secondary schools, attracts students and families from various parts of the country. This influx increases the demand for rental properties and residential accommodations, making it a lucrative market for real estate investors.

What are some recommended strategies for first-time real estate buyers in Calicut?

For first-time buyers, investing in flats in well-located areas is advisable, as they are preferred for their convenience and modern amenities. Buyers should ensure properties are near essential services like healthcare and education, verify the builder’s reputation, and consider buying during the pre-launch phase to capitalize on lower prices.