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Kozhikode, Kerala Real Estate

When considering buying or renting in Kozhikode, there are key trends and factors to keep in mind:

Market Demand and Growth

Kozhikode's housing market sees high demand due to population growth, urbanization, and good demographics. Education, healthcare, and tourism make it attractive for people from nearby areas. Gated communities with security, green spaces, and activities are popular, spurring demand for upscale homes.

Pricing Trends

Property prices in Kozhikode have risen, largely in desirable and premium areas. The average price is around Rs. 5,768 to Rs. 5,789 per square foot, starting from Rs. 2,000 to reaching up to Rs. 24,761 per sqft. This price rise is due to better infrastructure, improved transport links, and new housing ideas with eco-friendly designs and smart features.

Market Expansion

Kozhikode's development stretches beyond standard spots like Kozhikode Beach, Kallai, and Mavoor Road, into areas like Feroke, Ramanattukara, and Malappuram. These suburban zones see lots of new housing projects to meet demand for affordable homes. Better transport and city planning are opening up areas for new real estate.

Rental Market

Those looking to rent will find lots of choices in Kozhikode. Monthly rentals start around ₹8,000 and average at ₹12,937. Rent prices vary: some areas see rent rising, while others drop. Renters have options and can choose based on their needs.

Future Prospects

Kozhikode’s real estate market should keep growing thanks to diversified economy and investments in fields like IT, education, and healthcare. Projects improving infrastructure and connectivity boost market confidence. To ensure lasting stability, we must ensure more affordable housing and tackle infrastructure issues.

PropertyWala's View

Buying or renting in Kozhikode? The real estate scene is active and expanding, with lots of growth chances ahead. High demand, rising property values, and new market areas make it good for both buyers and investors. To make smart decisions, watch pricing, market changes, and future trends. Keeping an eye on affordability and upgrades in infrastructure will help in this ever-changing housing market.