Ernakulam's Housing Market Changes
Ernakulam's residential market has seen a big change in 2025. Now, local buyers make up 60% of flat purchases. This shift is a big change from when non-resident Indians (NRI) used to buy most properties.
End-User Demand Grows
The market has moved from being driven by investors to focusing on people who live in the homes. This change has changed Ernakulam's real estate scene. Many local professionals, especially those in the growing IT areas of Kakkanad and nearby, are now choosing to move permanently instead of renting. This trend has led to higher occupancy rates in residential projects.
Premium 3BHK units costing more than ₹1 crore are now popular among these local buyers. This demand shows a shift in lifestyle preferences, with families looking for bigger homes that fit modern work-from-home needs and better amenities.
Reasons for Local Investment
Several important factors have caused this market shift:
- IT Sector Growth: The ongoing expansion of InfoPark and SmartCity Kochi has provided stable jobs, encouraging people to settle down
- Better Infrastructure: Upcoming metro lines and improved roads have made residential areas more demanding
- Lifestyle Choices: Advanced features, modern amenities and eco-friendly designs are appealing to buyers who care about quality
Market Stability Improves
This change in who buys homes has made Ernakulam's residential market more stable. People who live in the homes usually keep them longer than investors, which lowers market changes and makes demand more predictable. This trend has also helped prices go up steadily, with properties showing consistent growth each year.
As Ernakulam keeps growing, the main buyers being locals shows a market that's getting more mature and focused on real housing needs instead of just buying and selling.