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Although interest in acquiring land in Kerala has diminished since early 2008 to the recent past, partly due to significant increase in land prices, but also since good plots are no longer available within the reach of many buyers in Kochi or Trivandrum.
A look at google trends for land prices in Kerala be it Kochi or Trivandrum will clearly put this case to rest. Not many are searching around for land anymore, but residential land still is a coveted investment for many due to the security it offers of eventual appreciation.
When we analyzed land prices in kochi over the last couple of years, when prices have been relatively stable, the areas which have appreciated quite a bit include Elamakkara North; Podukalavattom; Vaitilla; Amaravati (Edapally Zone) and areas Fort Kochi Vili; Karugapalli; Vennala; Mammankalam (Central Zone). Though putting forward actual land prices in each of these micro markets is out of scope for this article, one thing is rest assured. People are today willing to place their bets on land than on other forms of investment owing to the magnitude of returns.
Though the Kerala government has put forward a tool to estimate the fair value of land not many can use the tool at this point since land deals at a local level continue to be managed by micro market dynamics, upcoming developments like Kochi metro and also unscrupulous elements who might significantly alter land prices just to make a quick buck. For a investor looking to buy land, a good understanding of the local market landscape is recommended before paying up so that you dont end up regretting later.
A look at google trends for land prices in Kerala be it Kochi or Trivandrum will clearly put this case to rest. Not many are searching around for land anymore, but residential land still is a coveted investment for many due to the security it offers of eventual appreciation.
When we analyzed land prices in kochi over the last couple of years, when prices have been relatively stable, the areas which have appreciated quite a bit include Elamakkara North; Podukalavattom; Vaitilla; Amaravati (Edapally Zone) and areas Fort Kochi Vili; Karugapalli; Vennala; Mammankalam (Central Zone). Though putting forward actual land prices in each of these micro markets is out of scope for this article, one thing is rest assured. People are today willing to place their bets on land than on other forms of investment owing to the magnitude of returns.
Though the Kerala government has put forward a tool to estimate the fair value of land not many can use the tool at this point since land deals at a local level continue to be managed by micro market dynamics, upcoming developments like Kochi metro and also unscrupulous elements who might significantly alter land prices just to make a quick buck. For a investor looking to buy land, a good understanding of the local market landscape is recommended before paying up so that you dont end up regretting later.
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