Wayanad, a Hotspot for Real Estate in Kerala – Why?

A Glimpse of Blissful Living at Wayanad

The New Stone Age era amalgamated ‘Wayal Nadu’ as Wayand meaning ‘Paddy Land’ is also popularly known as ‘The land of Spicy Hills’. It has diversified culture of Malabar, Western Tamil Nadu and Karnataka.

Despite being occupied majorly by tribal communities, a reason to be referred to as Tribal District in Kerala, an hill station shielded with green paddy fields, cool weather conditions, mesmerizing panoramic view of misty peaks, valleys, waterfalls, stream and spice scented breeze had marked this paradise on Earth as a hot tourist spot leveraging nature lovers visiting here in God’s own country.

Education and Living

Education is the key to success. This is a maxim and the base to Wayanad’s recognition for optimal living standards today. Earlier, the quality of education in Wayanad was pathetic. Thanks to the initiatives sponsored by World Bank that implemented an exclusive education scheme, today there are nearly 266 schools including vocational training institutes and renowned residential schools at Muthunga and Nallurnad. Moreover, there are six colleges for higher education.

Thus, the literacy rate of Wayand is nearly 70% as per the census statistics of 1991 which is a considerable increase of 20% in a decade comparatively. Education factor especially the world renowned convents has driven many dream seekers into this district for a permanent settlement thereby paving way for the growth of the real estate in Wayanad.

Business in Wayanad

Tourism industry has become the nucleus for commercial establishments in Wayanad. The need for accomodation and dining outlets has led to the growth of investments in Commercial properties.

Entrepreneurs, with an aim to set up resorts, cottages, hotels and restaurants are being supported by the real estate agents who are doing a remarkable job in supporting the property for sale in Wayanad. Commercial properties in Wayanad are available at affordable rates suiting the specific needs of the entrepreneurs.

Real estate statistical reports have proven the real estate domain witnessing a consistent development.

Investment in Wayanad

Next to Real Estate domain, agriculture is a promising vision for the investors. Revenue from the agricultural produce instigates investing into the agricultural sector to a greater extent.

Other investment domains include Agro Food Processing, Garments apart from Tourism and Export industries. Most of them are MSME category and   located in Kalpetta, Sulthan Bathery, Meenangadi, Mananthavady, Panamaram and Pulpally.  However, these domains rely very much on the real estate domain, the focal destination for these investments.

In fact, investment in real estate domain on soaring assets revolves mainly on commercial properties such as Resorts, Recreational centres and agriculture lands like estates with coffee, tea, pepper cash crop plantations.

Wayanad being the least populated district, it social distancing life style becoming more attractive place for Keralites to have a safe home during the pandemic situations like COVID 19 Corona.

Hence, Green Economy in Malabar’s Green Paradise, Wayand is a major catalyst for investors in properties in Wayanad. If you are interested on Wayanad real estate, be it sale or buy Wayanad property online or want to know the trend of property price in Wayanad, visit www.hillsandwills.com the hill station experts.