Kannur, Kerala Property Guide
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Union Budget 2025: Key Takeaways and Impact on Real Estate
The Union Budget 2025 focuses on economic resilience, tax reforms, and infrastructure development, significantly impacting India's real estate sector through various incentives and policy changes. -
How India’s Tier 2 cities are growing in response to global real estate trends
India’s Tier 2 cities are emerging as prime real estate destinations, driven by smart initiatives, sustainable practices, luxury developments, and improved connectivity. -
5 Things You Should Know About India’s Ghost Shopping Malls and the Challenges of Repurposing Them
India's retail landscape is shifting, with Grade A malls thriving while Grade C malls face high vacancy rates. Many struggling malls are being repurposed due to evolving consumer preferences and the rise of e-commerce. -
Get Returns From Real Estate Without Buying Property: Understanding REIT Investment In India
REITs in India offer investors a way to access the real estate market without direct property ownership. They distribute significant earnings as dividends, making them attractive to income-seeking investors. Learn how REITs work, how to invest, and key players in the Indian market. -
Is it possible to sell real estate without co-owner approval?
Selling jointly owned property in India requires the consent of all co-owners. Legal action can be taken if a co-owner sells without consent. This article explores the legal aspects of selling jointly owned property and the differences between co-ownership and joint ownership. -
What do you mean by FERA?
FERA, enacted in 1973, regulated foreign exchange dealings in India. Replaced by FEMA in 2000, which focuses on managing foreign exchange while promoting trade and investments. Key differences include property acquisition criteria, shifting from citizenship under FERA to residency under FEMA. -
The finest cement for plastering a home
Cement plastering is crucial for durable walls and a smooth finish in construction. Portland Pozzolana Cement (PPC) is often preferred for its water resistance and superior finish compared to Ordinary Portland Cement (OPC). Various cement grades cater to different construction needs, with Grade 33 commonly used for plastering. -
Getting around India’s constantly changing real estate laws
India's real estate sector is transforming with regulatory changes aimed at enhancing transparency, sustainability, and growth, promising a prosperous future for investors and homebuyers alike.
Kannur, Kerala Real Estate News
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What occurs in India if property taxes are not paid for ten years?
Non-payment of property taxes for ten years can lead to severe penalties, legal action, and even foreclosure in India. It's crucial for property owners to understand the implications and address any arrears immediately. -
Enhancing Jaipur’s High-End Properties: The Unique Perspective of Akshat Developers
Jaipur is emerging as a luxury real estate hotspot. Akshat Developers' Sawai project epitomizes this trend, offering opulent villas and apartments amidst landscaped gardens and modern amenities. -
CBRE decodes real estate through the spiritual tourism lens
A new report reveals how retail chains are capitalizing on rising spiritual tourism in 14 Indian cities, highlighting trends and growth opportunities in the sector. -
According to the CREDAI-CRE Matrix report, India’s demand for Grade-A office space will exceed 70 million square feet by 2024.
In Q1CY24, Grade A office space demand in India surged, driven by key cities. CEDAI predicts demand will hit 70 MSF by 2024, supported by economic growth. -
India’s Commercial Real Estate Is On Track For Successful Growth This Year
India's commercial real estate market is poised for growth, bolstered by demand for office spaces and increasing interest from NRIs, promising lucrative investment opportunities. -
DLF is one of the real estate companies on the list of the fifteen most valuable companies in India
DLF, Macrotech, and Godrej Properties are highlighted as top real estate firms in a recent Burgundy Private Hurun India report. The sector shows promising growth prospects. -
How can a registered mortgage help the borrower as well as the lender?
This article explains the process of registered mortgages in India, detailing application steps, benefits, and how to remove registrations effectively. -
Land Conversion from Agricultural Land to Residential Land
Converting agricultural land to residential or commercial in India requires navigating state-specific laws and obtaining approvals from revenue or planning authorities. The process involves fees and extensive documentation, with timelines varying by state.
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Overview of Kannur's Real Estate Market
Kannur, a coastal city in Kerala, is drawing more people for real estate investments due to its mix of traditional charm and modern conveniences.
Increasing Demand and Supply
Residential property demand in Kannur has been rising quickly, because of improving connections, schools, and business areas. The Kannur International Airport has made this city more popular, bringing buyers and investors from all over India and beyond.
At the same time, there are more residential properties for sale, mostly flats. Many reliable builders and developers have come out with various projects for all budgets, offering everything from affordable flats to deluxe apartments with top-of-the-line amenities.
Price Trends and Affordability
Real estate prices in Kannur are fairly stable compared to other major cities in Kerala. Let me tell you some points:
- Average Price: The average price per square foot is around ₹4,363, with a range from ₹2,000 to ₹8,148 per square foot.
- Affordability: A 2BHK flat can cost between INR 30 lakhs to INR 60 lakhs depending on the place and features. High-end properties can go for more than INR 1 crore.
- Locality-wise Prices: Prices vary greatly between different areas. For example, Talap's average price is ₹13,043 per square foot, while Kalliasseri is around ₹2,722 per square foot.
Notable Localities to Explore
Several areas in Kannur mix history, modern amenities, and good locations. Some top residential zones:
- Thalassery: Known for its history and its proximity to the sea, offering both old-world charm and modern conveniences.
- Payyannur: It's growing in popularity for its strategic spot and infrastructure, with easy access to schools, hospitals, and shops.
- Kannur City Center: Perfect for urban living with good connectivity, shopping malls, entertainment spots, and educational institutions.
- Puzhathi: A rapidly expanding area with affordable homes and good access to major routes.
- Mele Chovva: An upcoming upscale area with several top-notch projects.
- Fort Road: Known for its history and beautiful scenery.
- Payyambalam: It's popular for its beach and greenery, a premium locality.
Infrastructure and Connectivity
Kannur's growing infrastructure plays a big role in its real estate market success:
- Kannur International Airport: Improves connections to other regions, both within and outside India.
- Road Networks: Expanding roads, including National Highway 66 and the new Kannur Outer Ring Road, make travel easier within and between cities.
- Public Transport: Excellent bus services and the Kannur Railway Station link the city to key places in Kerala and further.
Future Outlook
The future for Kannur’s real estate market is looking good:
- Continued Infrastructure Uplift: More constructions are expected to improve the city's infrastructure and connectivity even more.
- Economic Stability: A stable economy and more business activity are fueling demand for real estate, making it a prime time to invest.
PropertyWala's Insight
Kannur offers a blend of historical beauty, modern amenities, and expanding infrastructure, making it a great place for real estate investments. With options for both affordability and luxury and stable prices, Kannur is a fantastic choice for those wanting to invest in a city that's full of life and growth. Doing thorough research and looking at various places, prices, and new infrastructure will help in making smart and rewarding real estate decisions.