The IT industry is booming greatly and is all set to bring in positive changes in the state and lifestyle of people in Kerala. Many people are getting themselves placed in the IT field and the number of such IT parks, IT hubs and other multinational companies are increasing each day. Land for all of them is necessary. Moreover, space is essential for the rising luxury resorts and hotels that aim the tourist and people who arrive to spend their vacation. These have given a thrust to the Kerala property market. Moreover, people began to migrate to places where the IT industry has developed the most. They purchase a ready to live home near their job location. Many of the people love to enjoy the beauty of nature and thus purchase villa, apartment or flat near such scenic places or tourist spots.

The competition among the real estate builders and property dealers have increased much, as more number of builders are coming up, anticipating the likely increase in the demand for land and property in the future years.