Why NRIs Choose Kozhikode for Property
Kozhikode (Calicut) has one of the highest NRI populations in Kerala, with strong Gulf connections particularly to UAE, Saudi Arabia, and Qatar. The city offers excellent value for money compared to Kochi, with rapidly improving infrastructure, an international airport, and a thriving business ecosystem.
Best Areas to Buy Property in Kozhikode as NRI
- Calicut Beach Road: Premium seafront; high capital value; strong NRI demand
- Mavoor Road: Commercial and residential; good connectivity
- Kunnamangalam: University area; rental demand; affordable
- Chevayur: Premium residential; villas and apartments; NRI favourite
- Feroke: Industrial area; affordable plots; growing suburb
- Beypore: Coastal; heritage; tourism potential
- Ramanattukara: Affordable; good appreciation; growing area
Property Prices in Kozhikode 2026
- Apartments: ₹3,000 – ₹7,500 per sq ft
- Villas: ₹80 Lakhs – ₹4 Crore
- Plots: ₹1,000 – ₹12,000 per cent
FEMA Rules for NRI Property Purchase
- NRIs can freely buy residential and commercial property
- Agricultural land, plantation property, and farmhouses are prohibited
- Payment through NRE/NRO/FCNR account or inward remittance
Stamp Duty & Registration in Kozhikode
- Stamp duty: 5% of property value (+ 1% surcharge above ₹75 lakhs)
- Registration fee: 2% of property value
- Total transaction cost: approximately 7–8%
NRI Home Loans for Kozhikode Property
Blueberry FM facilitates NRI home loans up to ₹10 Crores for property in Kozhikode. Federal Bank, South Indian Bank, and other Kerala-headquartered lenders have strong presence in Kozhikode.
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