How to Evaluate the Best Investment Properties for Flats in Calicut

Calicut is an ancient city located on the coast of the Arabian Sea, with golden sandy beaches, lush greenery, and gently rolling hills. Why is Calicut the ideal location for a family to settle down? It has a vibrant, cosmopolitan atmosphere, with various cultures mingling harmoniously. From the old days, the city has been an importance centre for trade and commerce, thanks to the existence of the port. Today, it continues as a major commercial hub of Kerala. These factors have pushed up the demand for property, making it an ideal place to invest.

But what will you invest in exactly? The real estate market trends in Calicut indicate that flats are in high demand as compared to villas or independent houses. With several projects completed and in progress, which one will you invest in?

How to Evaluate the Best Investment Properties for Flats in Calicut

Before we delve into the process of assessing various factors crucial for selecting flats for investment, it is imperative first to establish and clarify your investment objectives. This initial step is vital as it guides you in making informed decisions when you evaluate the best investment properties for flats in Calicut, ensuring that your choices align with your long-term financial goals:

• If you’re looking at long-term wealth creation, you can buy flats which are under construction or just ready and sell them when their value goes up
• To have a steady monthly income, you need to rent out or lease the flats you purchase.

Your decision about the type of flats to invest in, will depend on your goals to a certain extent.

Location

There is a reason why certain residential localities are preferred over others. What makes a location desirable?

• A secure neighbourhood with a low crime rate is desirable. Visit the area for yourself and observe the kind of people that frequent it.
• Stores selling essential groceries and household items are required near residential places.
• Basic healthcare facilities like small clinics or nursing homes are vital; the presence of hospitals is a bonus.
• Play schools, kindergartens and primary schools nearby make the flat even more desirable as you can avoid commute for very young children.
• Preferably, the apartment building should be on the main road or just off it; quick access to the road makes the daily commute easy. 
• Having public transportation, railway station, airport, and so on close to your flat is essential.

Aesthetics

You obviously want a flat that looks good from the inside and outside, and has a good layout as well. You won’t be able to rent out a flat that looks ugly.

Amenities

What are the essential amenities in a flat in Calicut? Multiple elevators with power backup, round the clock security, CCTV surveillance, green spaces/landscaped gardens, children’s play area, gym, swimming pool, games room, party hall, intercom for communication among residents and with security cabin, ample parking, and so on are the amenities for common use that people expect to get in flats. Inside individual flats, security grills, premium electrical and plumbing fittings, video door phone entry, and other amenities are being provided. 

Builder

The reputation of the builder is important, as it will give you a fair idea of the quality of construction, punctuality in delivery, transparency in dealings, quality of service, even after sales, and so on. You can check for reviews online or talk to friends and family who have recently invested in real estate. You can also consult real estate agents and financial consultants for the purpose.

ROI

When you are purchasing a flat for investment purposes, you have to calculate what returns you will get. The location, builder, and quality of the flat will have an impact on the returns – both, the rent you can expect, and the resale value you can get. How much demand is there for the property, and how much is it likely to appreciate? For this, you need to see what the potential for future development of that area is.

Conclusion

Now that you know how to evaluate the best investment properties for flats in Calicut, we’ll make it even easier for you. Take a look at flats by PVS Builders, one of the leading property developers in Kerala. You will find that the flats are visually appealing, well constructed, in ideal locations, feature top-notch amenities, and are in adherence with property regulations like those established by RERA.

FAQ

What should I look for in a Calicut investment location?Key factors include neighbourhood safety, proximity to essential services like shops and schools, and easy access to major transport routes, which enhance property demand and value.

How can I estimate the ROI on a flat in Calicut?

Consider the property’s location, construction quality, and builder reputation. Analyse local demand and potential area development to forecast rent yields and resale value.

What legal considerations are important when buying a flat in Calicut?

Verify compliance with RERA guidelines, ensure clear property titles, and check for all requisite approvals to safeguard your investment.