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Guruvayur, the emerging market for Real Estate Developers

May 26th, 2009 admin 4 comments

Guruvayur, the most important pilgrimage center of South India is attracting Builders and Developers to come up with more offers of Residential Apartments. Guruvayur apartment
A holy visit to the Guruvayurappan temple and the sight of the Lord’s idol are enough to make devotees feel pure and blessed. The no of Pilgrims visiting the temple is increasing day by day. This in turn, increases the need for more living spaces. Other than staying in Hotels and lodges, people want to be in homely like atmosphere before heading to the sacred temple. They want the coziness of their own home to make the arrangements for the temple visit. All these wants and expectations of the pilgrims prompted Builders to come up with various Residential offers. Now, we can see more no of Residential Apartments are on the construction stage in and around Guruvayur. They offer Service Apartments, Studio Apartments, 1 BHK, 2 BHK and 3BHK Apartments. Service Apartments and Studio Apartments are considered to be apt when it comes to the residential needs of pilgrims who normally stay for one day or two days or even one week. Service Apartments offer the most modern amenities of a star Hotel coupled with the comforts of a house where a family can stay with the feeling of their own home. Investors also find it a good investment as they are assured of a regular monthly return by sourcing out their space to outside agencies that run it. Studio Apartments also attract more people who wish to stay for short duration. It comes with living cum dining room, bedroom with attached toilets and kitchen all in one space together .The prevailing selling rate for studio Apartments is around Rs. 2300/ sq.ft. The West nada and East Nada are seeing more no of Apartments coming up as these are the main entrances to the temple. Also, major roads to Thrissur, Kozhikkode and Ernakulam go through this side. Leading builder Cheloor has come up with two Apartment projects there in Guruvayur offering Studio and 1BHK flats. Santhimadom Builders and Developers based in Guruvayur has already come up with premium Villa projects. A few other builders also follow suit by launching Apartments in Guruvayur envisaging the demand in the future.