Kozhikode has been one of the top developing localities in the state of Kerala. Interesting this city is trying various avenues of real estate investment apart from the regular investment avenues like residential villas and apartments in Kozhikode and commercial and industrial real estate. Mixed use developments are a popular trend in Kozhikode now. Kerala real estate has been very robust as it one of the few states which attracts a lot of investment by NRIs and other investors especially from the Middle East and America. With cities expanding one of the primary concerns of many families is living close to basic physical and social infrastructure likes schools, colleges and their workplace etc.
The concept of mixed use development revolves around the main peg that everything you need should be in and around you. This is a mix of retail, corporate, residential, entertainment, hospitality and all other basic social infra venues all inside one massive compound. Experts believe that such developments are the future of the realty sector in most Tier I and Tier II cities in India. Today development is not centered on central parts of the city, it has divulged to many other parts of the suburban area. With limited land available in the city, one must spend a lot of time on the commute for their day to day needs. With such mega cities developing in many cities, things have changed as there is no need to spend extensive time and resources on commute anymore. This is one of the major reasons why such projects will fly in the near future.
Kerala real estate has seen one such attempt in Kozhikode with HiLITE City on the NH Thondayad Bypass Road in Calicut. This is one of the first integrated townships in the area with commercial, residential and retails units all on the extensive 1