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As trends have shown in the past with Bangalore And Hyderabad , major IT hubs in India, the IT boom heralds in a lot of changes in the real estate market. One significant trend has been the sharp increase in rentals in and around the IT hubs . Driving the real estate market are factors such as easy availability of credit and increased job opportunities, especially in the BPO
( business process outsourcing ) and information technology sectors that is putting money in the hands of young people

quite early in life. The IT employees, mainly the younger age group, prefer to live in close proximity to where they work. The high pay packages and youth profile, leads to a lot of commercial development in the area. The IT revolution reaches out to the 300 million-strong middle class, one of the world’s most attractive emerging markets.

Most of the IT employees coming to Kakkanad, would be from outside Kerala, for them to rent a flat would be much more attractive than buying one. And the rent rates can vary from 8,000/- a month to 15,000/- and more a month, as is seen in Bangalore and Hyderabad.

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