The two largest towns in Kerala, Thiruvananthapuram and Kochi, together have 14 million square feet of office space, which is the most of any tier-II city, according to a report by Cushman & Wakefield and the Confederation of Real Estate Developers’ Associations of India (CREDAI) Kerala.
It also stated that Kochi and the state capital of Thiruvananthapuram are two of the top 10 rising real estate markets.
The only state with two cities on this list was Kerala. Both cities have shown promise, doing well on most metrics but particularly well on those related to income levels, housing affordability, and infrastructure (air transport, metro growth).
According to the report, Kerala’s real estate industry is expected to experience significant development as developers aim to expand into tier-II areas, owing to the state’s reputation for delivering infrastructure, talent pool, and socio-economic structure.
