Why Flats in Calicut are Becoming a Hotspot for Real Estate Investments

Calicut or Kozhikode, is a coastal city in the Malabar region of Kerala. It is famed from ancient times as an important port and trading hub, and as the place where Vasco da Gama landed while searching for a sea route to India. It is known as the food capital of Kerala, attracting foodies from all over India. Calicut is a melting pot of cultures, and the hospitality of the citizens is well known. The city is an ideal destination if you want to purchase property. Let’s examine why flats in Calicut are becoming a hotspot for real estate investments:

Location and Connectivity

It is strategically located on the coast of the Arabian Sea, and one can easily get to big cities like Bangalore, Coimbatore, Mysore, and so on. Calicut is well-connected to major cities in Kerala and India thanks to the national highways and network of arterial roads; it also boasts excellent rail connectivity, with trains connecting the city to almost every corner of the country. The international airport ensures connectivity to the Middle East, Europe, America, and other parts of Asia.

Infrastructure and Amenities

Calicut has an impressive infrastructure with bypass roads, flyovers, excellent public transportation facilities, and more. It is also an emerging IT hub, with several IT parks and business parks dedicated to providing excellent facilities to encourage startups. The city also has a host of outstanding educational institutions, from kindergarten to professional colleges and everything in between. Its healthcare facilities are famous all over the world, making it a hub of medical tourism. The world’s premium brands have stores in Calicut, both in malls, and as standalone stores – the people of Calicut are spoilt for choice when it comes to quality fashion items, electronics, and other goods. There are a number of shopping malls, multiplexes, and parks – all providing ample entertainment and recreation to people. Several sports grounds and stadiums ensure that there is plenty of opportunity for grooming budding athletes. A number of affordable housing options are also available in Calicut, and it’s one of the key reasons why flats in Calicut are the best buy.

Employment Opportunities

The IT industry in Calicut is booming and offers a number of opportunities for employment and entrepreneurship. Additionally, the presence of major financial institutions, educational institutions, and healthcare institutions also provide ample employment opportunities. Entrepreneurs will find that there is a solid infrastructure for those interested in starting new businesses, regardless of the field. With the government providing several facilities like easy loans, low rent, uninterrupted power supply, etc., entrepreneurs are being attracted to Calicut. This is an important factor that will impact your real estate investment strategies in Calicut, as demand for real estate always goes up in cities with employment opportunities.

Safety

Calicut as a city, is very safe and has a very low crime rate. This makes it an ideal place to settle down. This feature of the city also pushes up the demand for real estate. Moreover, modern technology is used in most flats. They are gated communities in the first place, and many have CCTV surveillance, biometric access, and other hi-tech features.

Real Estate Investment Strategies For First-Time Buyers in Calicut

Before you decide on your strategies, you need to carefully consider several factors. If you’ve never dabbled in real estate before, here are some pointers:

Also Read: Real Estate Investment Strategies for First Time Buyers in Calicut

Rental Income

When you rent out your flat, you can earn a stable and steady income month on month. There will always be demand for rental flats in a city like Calicut where there is a huge floating population.

Resale

If wealth creation is your goal, you can purchase under-construction flats or newly constructed flats, and hold them till the value increases. You can then sell them for a handsome profit. 

Flipping

Purchasing undervalued or derelict properties, renovating them, and selling them for a high profit is called flipping. It is an excellent real estate strategy if you want to earn profits. 

Tax Savings

When you purchase a flat on loan, you can avail tax benefits on the interest paid; you can also claim depreciation annually. These can help you save substantially.

Conclusion

It’s not difficult to understand why flats in Calicut are becoming a hotspot for real estate investments. The reasons mentioned above throw light on this factor. This thriving, vibrant city welcomes visitors to its shores and has a lot to offer everyone. PVS Builders is one of the most reputed builders of Kerala who has successfully delivered a number of projects: premium 2 and 3 BHK flats with all the modern amenities one expects.