Kerala Property Expo Showcases Township Development and Residential Complexes to Attract NRI Investment
A recent property expo in Doha, Qatar, showcased numerous township development projects and residential complex designs from Kerala, aiming to attract investments from Non-Resident Indians (NRIs). I found this event particularly interesting because it highlights the growing appeal of Kerala's real estate market.
Kerala Property Expo: A Platform for Builders and Buyers
The Kerala Property Expo, featuring around 50 builders, provided a platform for developers to connect with potential investors. Organized by the Kerala Builders Forum (KBF) and sponsored by HDFC Bank and State Bank of India, the expo demonstrates the increasing significance of Kerala's real estate sector.
Kerala's Shifting Investment Landscape
Mr. V Raveendran, Executive Director of KBF, explained that Kerala currently offers excellent investment opportunities. While the focus was previously on the tourism industry, it has now shifted considerably to the IT sector. With the emergence of numerous IT parks in major Kerala cities, the population density is increasing, driving demand for housing and creating attractive real estate investment prospects.
Kerala's Real Estate: An Upward Trend Driven by Gulf Buyers
The real estate industry in Kerala has recently experienced an upward trend, with approximately 70% of properties being sold to buyers in the Gulf region. This underscores the strong connection between Kerala and the Gulf countries and the important role of NRI investment in the state's real estate market.
About Kerala Builders Forum (KBF)
The KBF, an organization comprising 75 builders and real estate companies in Kerala, is affiliated with the Confederation of Real Estate Developers' Associations of India (CREDAI). This affiliation further enhances the credibility and professionalism of the builders participating in the expo and reinforces the importance of this event for the Kerala real estate sector.