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New Residential Projects in Kozhikode(Calicut)

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Feroke city Rd, Feroke, Feroke, Kozhikode(Calicut)

3 BHK & 4 BHK Flats
2038 Sq.ft To 3149 Sq.ft
Rs 1.24 Cr Onwards
Sobha Developers
Investor / Resale Options Available
+91 98197 02366

Sobha Rio Vista is a pre launch residential project which is expected to be ready by the month of December in the year 2018. This piece of property is being developed by the world famous real estate firm "Sobha Developers". Hence one can easily rely on each and everything related to this project, be...

Palazhi, Near Focus Mall, Thondayad, Kozhikode(Calicut)

4 BHK & 5 BHK Villas
3650 Sq.ft To 5760 Sq.ft
Rs 2.77 Cr Onwards
Sobha Developers
Investor / Resale Options Available
+91 98205 75619

...

Read More About Kozhikode(Calicut) & it's Real Estate Property Market

  • Kozhikode or Calicut, is a city in the state of Kerala on the Malabar Coast in India.
  • It is also the second largest city in Kerala and is part of the second largest urban agglomeration in Kerala with a metropolitan population of 2,030,519 as per 2011 census.
  • The city lies about 380 kms, north of the state capital Thiruvananthapuram.
  • In ancient times, Kozhikode was dubbed the City of Spices, for its role as the major trading point of eastern spices.
  • It was the capital of an independent kingdom ruled by the Samoothiris (Zamorins) in the Middle Ages and later of the erstwhile Malabar District under British rule.
  • Arab merchants traded with the region as early as 7th century, and Portuguese explorer Vasco da Gama landed at Kozhikode on 20 May 1498, thus opening a trade route between Europe and Malabar.
  • As per data compiled by Indicus Analytics on residences, earnings and investments, Kozhikode ranked as the second best city in India to reside in.
  • It was ranked eleventh among Tier-II Indian cities in job creation by a study conducted by ASSOCHAM in 2007.
  • Kozhikode city continues to be a centre of flourishing domestic and international trade.
  • Kozhikode city is the marketing centre for commodities like pepper coconut, coffee, rubber and lemon grass oil produced in Kozhikode and the neighbouring districts of Wayanad, Malappuram and Kannur.

TOURIST ATTRACTIONS:

  • Mananchira Square: This forms the heart of the city. The name comes from the large pool of clear water bound by laterite stone steps built by Manavedan Raja, one of the earlier Zamorin rulers. The park around it is tastefully kept with different types of palms, trees and shrubs. There is an open air theater and a musical fountain.
  • Kappad Beach: Definitely a beautiful beach about 20 km from Calicut. Its historical importance stems from the fact that Vasco da Gama with his sailors landed here in 1498 in 3 ships.  This was the start of economic relationship between Europeans and this part of India now called Kerala.
  • Beypore: Located 10 km from Calicut, is this ship-building port of Beypore.  It is also one of the busiest fishing harbors in Kerala. It is also the boarding point for ships to the islands of Lakshadweep and cargo ships which also set sail from here. Beypore has a beautiful beach and walkway that extends deep into the sea.
  • Pazhassi Raja Museum and Art Gallery: Named after the brave ruler who dared to fight the British with the help of tribal warriors, this museum is near the city centre and displays old coins, mural paintings and monuments. Art Gallery has some excellent paintings, some by Raja Ravi Varma the old master painter.
  • Thusharagiri Waterfalls: For those who want to experience nature at a close range, a visit to Thusharagiri Waterfalls about 50 km away is gainful. Located at a distance from the city, this waterfall springs from the high hills among the green forests.

DEMOGRAPHICS:

  • Kozhikode has an average literacy rate of 96.8 percent, which is higher than the national average of approx 74.85 percent.
  • The male literacy rate here is about 97.93 percent and female literacy rate is 95.78 percent.
  • Malayalam is the most spoken language. English and Tamil are widely understood.
  • Kozhikode has been a multi-ethnic and multi-religious town since the early medieval period.
  • Hindus form the largest religious group, followed by Muslims and Christians.
  • The city is administered by the Kozhikode Corporation and headed by a mayor.
  • For administrative purposes, the city is divided into 75 wards, from which members of the corporation council are elected for five years.
  • Recent additions to the Municipal Corporation include suburbs of Beypore, Elathur, Cheruvannur and Nallalam.

TRANSPORT & CONNECTIVITY:

  • The city has a reasonably well-developed transport infrastructure.
  • A large number of buses, predominantly run by individual owners, ply on the major routes within the city and to nearby locations.
  • Kerala State Road Transport Corporation (KSRTC) runs regular services to many destinations in the state and other cities.
  • All private buses to the suburban and nearby towns ply from the Palayam Bus Stand.
  • Private buses to adjoining districts start from the Mofussil Bus Stand (one of the largest bus stand in Kerala) on Indira Gandhi Road (Mavoor Road).
  • Buses operated by the KSRTC drive from the KSRTC bus stand on Indira Gandhi Road.
  • There are KSRTC depots in Thamarassery, Thottilpalam, Thiruvambady and Vadakara in the district.
  • There are two routes available to Bangalore. One is Kozhikode-Gundlupet-Mysore-Bangalore; this road is most preferred one but is very busy. Another route, less used, is Kozhikode-Gundlupet-Chamarajanagar-Kollegal-Bangalore.
  • A coastal route is available to Kochi via Feroke(NH), Kadalundi, Tirur, Chamravattom, Chavakkad and North Paravur. This road is very narrow in some parts but the easiest one.
  • Private tour operators maintain regular luxury bus services to Mumbai, Bangalore, Coimbatore, Chennai, Ernakulam, Trivandrum and Ooty from the Palayam area.
  • NH-66 connects Kozhikode to Mumbai via Mangalore, Udupi and Goa to the north and Kochi and Kanyakumari.
  • NH-766 connects Kozhikode with Kollegal in Karnataka via Tirumakudal Narsipur, Mysore, Nanjangud, Gundlupet, Sulthan Bathery, Kalpetta and Thamarassery.
  • NH-966 connects Kozhikode with Palakkad. It covers a distance of 125 kilometres. At Ramanattukara, a suburb of Kozhikode, it joins NH-66.
  • SH 28 is the Kerala section of highway connecting Kozhikode and Gudalur near Ooty.
  • SH 29 passes through the city and connects NH 212, Malabar Christian College, Civil Station, Kunnamangalam and also Padanilam, Thamarassery, Chellot, Chitragiri and Road to Gudallor from Kerala border.
  • SH 54 connects the city to Kalpetta. This highway is approx 99 kms long.
  • Kozhikode railway station is the only A1 railway station in Palakkad railway division and is situated on the Shoranur-Mangalore section.
  • Kozhikode is well connected by rail to cities like Thiruvananthapuram, Kochi, Kollam, Palakkad, Coimbatore, Chennai, Bangalore, Kannur, Mangalore, Mumbai, New Delhi, Vijayawada, Vishakapatnam, and Hyderabad.
  • Calicut International Airport is 26 kms from the city at Karipur in Malappuram. Regular domestic services are operated to major Indian cities.
  • There are frequent international flights to cities in the Middle East Dubai, Abu Dhabi, Muscat, Dammam, Riyadh, Jeddah, Sharjah, Bahrain, Doha and to Colombo.

JOBS & EMPLOYMENT OPPORTUNTIES:

  • Kozhikode is Kerala's third largest city with a population of more than 20 lakh people.
  • The city currently is the major trade hub of North Kerala with good connectivity through road, rail and air.
  • Kozhikode District with 8 percent of the state population makes 12 percent contribution to the state's income.
  • Kozhikode has witnessed a building boom in recent years.
  • This is particularly evident in the number of malls and buildings built in recent years. Kozhikode is also going to be the first city in Kerala to have a mono rail transporting system.
  • The majority of the city's inhabitants are employed in the Middle East, and it is their remittances that serve as a major source of the city's economy.
  • Almost every business sector ranging from mineral water, manufacturing compressors, material handling, wire netting, pipes, oil and essentials, fiber glass producers or latex processing has its industrial establishments here.
  • The city's major industrial hubs in the city are located in Feroke, Karapparambu, Nadakkavu, Kasargod, Kannur Chettikadavu and Cheruvannur.
  • Kozhikode city boasts of the presence of at least 40 IT companies.
  • Cyberpark is a Government of Kerala organisation planned to build, operate and manage IT parks for the promotion and development of investment in IT and ITES industries in the Malabar region.
  • The fact that the city is just 6 hours away from Bangalore, and 4 hours away from Mysore, and the presence of major educational institutions like IIM Kozhikode, are just an indicator of the major IT hub that the city is going to become in the coming years.
  • Existing and upcoming IT Parks here like the Birla IT Park (at Mavoor) and Malaysian satellite city (at Kinaloor) are expected to create a total of 100,000 direct job opportunities.

INFRASTRUCTURE OUTLOOK:

  • The Kerala chief minister has recently announced several new infrastructural development projects to upgrade the infrastructure status of this region. 
  • The proposed projects include an IT infrastructure project to be set up at Mavoor Gwalior Rayons land under the public-private partnership.
  • A light metro rail project would also be taken up with the support of Delhi Metro Rail Corporation (DMRC). Though a mono rail project was first proposed in the district initially, it was changed after it was found impractical.
  • The district collector has been entrusted to submit a report regarding a mobility hub in the district.
  • Funds worth INR 40 crore have also been sanctioned for building flyovers at Thondayadu, Ramanattukara in the district.
  • The state finance department has approved an INR 8.74 crore project proposed by the irrigation department to protect close to 400 fishing families from the surges of the sea.
  • Families living in Thaoppayil colony, Bangladesh colony, Puthiyangadi-Edakkulam areas would get benefitted from the project.
  • The upcoming Vellayil fishing harbor is also nearing completion.
  • The state irrigation and the tourism department in a tie up with Nabard are planning a new project to clean the Kanoli canal.
  • The Manachira-Vellimadu Kunnu road project would be implemented by including it under the state's Annuity project. A fund of INR 400 crore has been sanctioned for the project.
  • A five acre land at Ulliyeri is to be allotted for starting a third Kendriya Vidyalaya in the district.

REALTY MARKET OVERVIEW:

  • Real estate market in Kozhikode is growing at a rapid pace, with the government implementing several schemes that benefit the infrastructure and real estate industry.
  • Residential apartments, plots and villas are the mainstay of the realty market here.
  • The market is currently focusing mainly on the development of apartment project catering to the aspirations of the working class MIG and a few HIG.
  • Mavoor road is the prime focus commercial area in the city.
  • Buyers are opting for this area due to its favourable demographics, excellent connectivity and rapid urbanization.
  • Current property trends here indicate Kozikhode will be a favoured realty investment destination in the coming years.
  • Fast developing areas here like Chevayur, Baluserry, Elathur, West Hill, Thondayad, Mankavu and Malaparamba are the favoured destinations among buyers and investors.
  • Once remote, these areas are now easily accessible, thanks to the KSRTC and local transportation that facilitates intercity commuting, in addition to the well-designed National Highway and State Highways.
  • Reputed builders are working on a number of commercial and residential projects to cater to the increasing needs of the buyers.
  • Well-heeled NRI's form a huge chunk of the targeted buyers and investors for investing in property here.
  • Buying and selling properties are becoming easier than ever with the increased financial support offered by government and other financial institutions and service from real estate brokers.
  • The hectic pace of realty development here is expected to continue in the face of several new infra initiatives like the Monorail project and industry-friendly government policies and schemes.

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