Thiruvananthapuram Property

Trivandrum properties are well stacked for an additional escalation with the recent initiatives being taken by many leading real estate companies operating in the city. The city is turning out to be a new IT destination, which is largely welcomed by consequent arrival of people from all parts of the state, and from the other parts of the country as well. This, in turn, has resulted in a considerable uproar in the Trivandrum real estate sector.

Now, Trivandrum is being referred to as Thiruvananthapuram, and it is a well-known fact that it is the capital city of Kerala state. Father of Nation, Mahatma Gandhi had given the title of ‘Evergreen city of India’ to Trivandrum, which is geographically situated on the west coast of India, close to the farthest south of the mainland. It is the most crowded city in the state with the broader urban agglomeration, and it has a populace of nearly 1 million. Just this magical number is good enough to draw the attention of hundreds of realtors, but even beyond the residents, Trivandrum property developers are extremely interested in harnessing the potential of developing tourism revenues. Hence, alongside the upcoming apartments and villas, you’d get to see tons of resorts, lodges and hotels across all locations of the city.

Thanks to its appealing seaside locations, Trivandrum is a beautiful city developed on 7 hills, and it has been regarded as one of the best places to reside in. It even attracts a multitude of tourists every year from all over the nation. It has a well-established city infrastructure, and it has also been recognized as one of the highly suitable cities for housing amongst the various Tier II cities in India. All of this largely encourages many investors and real estate developers to invest huge capitals in Trivandrum real estate market to construct durable residential solutions.

With the recent boom in the IT-industry, the city provides exceptional prospects for making large investments in the Trivandrum real estate industry. It is witnessing significant growth in both commercial as well as housing properties, with Trivandrum’s real estate market making rapid progress in each segment, especially at Kazhakootam, which is well-known for a vast technopark in the city.

As more and more software companies are planning to multiply their branches in the city, it is creating great room for the development of new residential apartments.

What’s more, the new bypass transportation facility stretching for nearly 4 kilometers between the present Technopark and the forthcoming sites is expected to raise the demand for housing units, thereby observing the appearance of a wide range of residential ventures in the near future.

Upcoming Projects in Trivandrum

Details of the new real-estate ventures coming up in the city of Trivandrum are provided below:

• Condor Daffodils: It is one of the elite housing projects to be initiated by a Dubai-based group, Condor, in Trivandrum. The very first project taken up by this company was completed in 2007, and it is looking forward to come up with more residential projects in other parts of the city.

• Tejaswini Building: This is a housing project in one among the other 6 major buildings in the vicinity of the IT Park. It is an 8.5 lakh square feet facility which allows the IT Park to provide more than 32 square feet of land to office spaces.

• CyberPalms: It is one of the mammoth projects taken up by Skyline developers in the city. Apart from an array of many advanced and top-notch facilities, it is expected to provide glitzy multiplex, shopping arcade and around 500 to 600 apartments.

Property Prices in Trivandrum

The average monthly rent for a 1,000 square feet 2 BHK flat in Trivandrum is reported to be around Rs. 7K, whereas if you are looking forward to possessing a well-furnished apartment, then it may cost you around Rs. 20K to 25K (which is not less than the rates in the metropolitan cities- Bangalore, Delhi, Mumbai etc), and the exact pricing would greatly depend upon the locality and services on the offer.

In Pattom areas, the land prices have reached a massive price of Rs. 15,00,00,000/acre of land, while in Vellayambalam area, the land prices have gone up to Rs 20,00,00,000/acre.

However, it’s not too late quite yet. You may invest in an upcoming residential apartment, and ensure good returns over the next 5-10 years in the Trivandrum property market.