On the basis of the concentric model, in Kerala, five concentric circles can be drawn at a distance of two kilometers away from the Central Business District (CBD). The first two circles represent the inner and the outer core, the second and third represent inner and outer intermediate zone and the fifth and other circles beyond are considered as peripheral zones. Similarly, in Cochin, concentric circles were drawn at a distance of three kilometers each from the CBD and, similarly, core, intermediate and peripheral zones were identified. In Kerala Property developments was at its zenith in the area nearer to the CBD in all the districts and prominent cities, even though the global recession has spelt difficult times for the real estate agents. The zonal analysis of elite colonies in Kerala has shown increasing concentration of people and houses in the peripheral zone, although the core and intermediate zones were also occupied. The status of elite colonies increases with the increase in distance from the core in a concentric form. Colonies with a low status are largely located in the core. But, the periphery houses all the colonies and residential localities considered as status symbols including those with a super status. Even then, in Cochin, these were largely concentrated in the zones, as more than 60 percent of the total sampled elitists resided in this zone. The total absence of super and high status elite colonies in the periphery suggests that, unlike in Cochin, the status of colonies decreases with increase in distance from the core. Thus colonies with a low status are now largely distributed in the peripheral zone. In cities like Mumbai, property developments never followed a uniform pattern and different city zones had different growth patterns. The state of Kerala, with a cosmopolitan outlook towards various issues, was always open to economic models that have been successful elsewhere. Perhaps in no other part of India can you see such a vast majority of people that have either worked or resided in overseas destinations for such a long period of time. Thus, even with respect to property developments, this state is now witnessing a major revolution.