Tourism oriented Real Estate Investment in Kerala
Tourism oriented Real Estate Investment in Kerala
Tourism oriented Real Estate Investment in Kerala
Kerala invites a new type of tourism oriented investments. There is ample opportunity and scope for both the domestic and foreign tourists to earn with joy. One can enjoy ownership, luxury, & appreciation by living in a resort in kerala. Many foreigners like to spend their retirement life in a Tropical Climate.
The British, Australians, Americans, and many Northern Europeans prefer to live their retirement time in a tropical region other than their home land where the cost of living is cheaper and safe.. At home, with low interest rates and high cost of living, the prospect of trying to live on a pension, in old age, is a daunting one unless they prepared to substantially downscale their lifestyle.
This situation tempted them to choose other options. They moves countries having similar climate and prospects in the retiring period where they can enjoy life with high profile rather than home with low price. The past experience in this line of the retirees from has become successful. Some of their popular destinations are Spain, Portugal, Mexico Philippines, Maldives and Puerto Rico.
Why not make them to consider retiring in the resorts of Kerala, the “God's own country “in India?
The Kerala, over the past decade, has become a tourist heaven for thousands of foreigners, particularly the Latin Americans ,Americans, Japanese, Korean, and Northern Europeans. The government of India and the government of kerala developed communications, infrastructure, and service delivery systems specifically geared to meet the needs of foreign tourists. These infra structure to be more useful to extent to attract the retirees also. Better yet, unlike most European Countries and South America, nearly everyone speaks ENGLISH in kerala, the south east state of India.
The Keralite offers a significantly lower cost of living. The Indian rupees exchange rate is approximately Rs.45 to $ 1.00 or Rs 96 to 1 Pound [Sterling (GBP)] Housing, food, and labor costs are quite reasonable...
If law makes to provide the foreigners to purchase or lease a resort hut through local sponsors with certain conditions, the venture will become more successful in Kerala.And it will boost the Kerala economy and accelerate the employment generation in the country.
One can be purchase a one bedroom flat or a sophisticated one bedroom hut for around $ 60,000 or GBP 32,500 or a Studio for only $ 34,000 or GBP 18,000 and one can dine out on average at a three star restaurant for less than Rs 500. If you hire domestic help, a private driver's salary is approximately Rs 10,000/month, while trained housekeepers earn approximately Rs 5,000/month. These salaries are lower if you live in the villages.
Hi-Speed Internet, Satellite Communications and Cable Television are cheap. One can hire an air-conditioned taxi for eight hours for less than $25.00.If you have a retirement income of approximately $1,500 to $2,000 per month (Rs 70,000 to 90,000) you can live quite well in the Kerala resorts.
Kerala is also a health tourist's centre, most U.S. Health Management Organizations pay for medical expenses incurred in Kerala. The Department of Foreign Affairs presently has a task force, working to have the U.S. government accredit a number of first class hospitals for Medicare reimbursement. The KIMS Medical Center, SRI CHITHRA MEDICAL INSTITUTE, etc, are some of the nation's best hospitals that already have such accreditation. Unbeknown to many is that for years, citizens of nearby countries such as Thailand, Nauru, Tonga, Indonesia, Maldives and Malaysia have flocked to Kerala for medical care, particularly sensitive surgical procedures. The quality of medical care at the better Thiruvananthapuram hospitals such as the KIMS, SRI CHITHRA, NIMS, ANANTHAPURURI, etc meets international standards.
Many countries are looking forward to accommodate this type of investments in and outside of their nations. A Japanese company is building a medical facility in Tagaytay city exclusively for Japanese nationals within the year. There are now close to 10,000 Japanese retirees in the country, and the number is growing annually.
The British government recently acquired a large tract of land in Fort Bonifacio to build a new Embassy. The British ambassador explained the larger facility is meant to help serve the growing number of British nationals retiring there as well. Japanese and Korean investment groups are buying homes and condominiums in Manila, and tracts of provincial land for retirees. This has caused a mini- Real Estate boom in the country. A retirement village exclusively for Japanese nationals already exists in Tagaytay, and more are planned. These are strong indicators of what is on the horizon.
English is the Kerala's official business language. Most of the people you will meet, from hotel workers, taxi drivers, sales or service people, government employees all speak English, or have a working understanding of it. The middle class speak English, without exception. All major newspapers and major broadcast companies use English. An English speaking visitor will never get lost in Kerala. It is the universal use of that language that has been a strong incentive to foreigners. As well, communications links within the country and to other countries via the various commercial gateways is up to international standards. For example, the use of cell phones and text messaging is so common that housemaids, street vendors and food hawkers can be seen using their cell phones incessantly.
One will never want for adventure and sights to experience in the Kerala. There is always a colorful Fiesta, pageants, street festivals, and open public events going on. Lush with bountiful natural resources, one can enjoy the numerous beaches, resorts, golf courses, and play just about any sport, except skiing. The diving and fishing are among the sports which draw the most number of foreigners to the rich aquatic offerings.
Shopping is the second most popular activity, the first is eating. Kerala is Asia's undiscovered shopping Mecca. You will love the golden purple sunsets, the fragrance of the flowers at dusk, and the wonderful array of fruit and food. Watching the Sun set from the bar at the Kovalam beach resorts is being a heavenly experience. There, you can see and enjoy the Bharatha Nattiyam, Kath kali etc are the grand opera and cultural dances and listen the Symphony, check out a play, and so on.
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