By laksh5382 
real estate Developers are especially optimistic about continued growth in the southern markets Kerala Despite headwinds amid changing dynamics, a sentiment survey at the real estate conclave by CRISIL said.
RERA data shows that out of 1.35 lakh project registrations in India, Maharashtra leads with 35 per cent, followed by Maharashtra at second place. Tamil Nadu (16 percent) and Gujarat (11 percent). Southern State – Tamil Nadu, Andhra PradeshKerala, Karnataka And Telangana – The survey said they collectively account for 34 per cent share, underscoring their importance in the real estate ecosystem.
The real estate landscape in southern India has witnessed significant changes, with markets such as Mysore, Mangalore, Nellore, Vellore And Amaravati is gaining momentum, even as the big companies are slowing down. Nearly two-thirds of respondents in the survey are optimistic about the Kerala market, which accounts for 3 per cent of total project registrations in the southern states. Nearly half expect the growth rate in Kerala to reach double digits in the coming years.
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Ashish Vora, president and business head, CRISIL Market Intelligence & Analytics, said most developers expect continued growth in the residential and commercial real estate sectors in the southern region. Additionally, Tier 2 and 3 cities in these states, especially Kerala, are poised for growth due to rapid urbanization and affordability.
Senior living communities and built-to-rent (rental housing) are two models that are gaining popularity. Nearly 75 per cent of the respondents envision a moderate expansion in demand for commercial properties in the Kerala real estate market over the next 2-3 years due to the projected increase in economic activities and infrastructure development.
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Binaifer Jehani, Business Head – Assessment, CRISIL Market Intelligence and Analytics, said developers can drive growth by prioritizing local market needs. Increasing the supply of affordable housing will help meet local consumer demand.