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5 Benefits of Investing in Flats in Trivandrum
Posted onNov 15, 2024
Trivandrum, the capital of Kerala, is becoming a hot spot for real estate investments. The city has a perfect blend of economic growth, infrastructure, and high living standards. Though traditionally, people here have lived in large standalone homes and bungalows, the trend today shows a marked preference for apartments.
Why Do People Prefer Apartments?
Apartments offer tremendous comfort, convenience, and security to the residents. Living in a gated community means you don’t have to worry about intruders, unwanted solicitors and tradespeople. Children and elders can roam around safely without fear of harm from speeding vehicles or malicious individuals.
Residents can enjoy an elevated lifestyle with the world-class amenities provided by the property developers like swimming pool, gym, games room, clubhouse, landscaped gardens, power backup, party hall, premium fixtures, centralized cleaning and maintenance, and many more.
Apartment living also fosters a sense of community and people can find good company as there are several people of all ages and tastes.
Let’s see the benefits of investing in flats in Trivandrum apartments:
1. Booming IT Sector
Trivandrum’s IT sector is growing rapidly with Technopark and Technocity and the demand for housing is increasing. Flats near these hubs are good for rental income and long-term appreciation. One of the best real estate investment strategies in Trivandrum is to focus on locations that are benefiting from this growth.
2. High Rental Returns
The continuous influx of IT professionals and students into Trivandrum has increased the demand for rental properties. Areas like Sreekaryam, Kazhakkoottam, Poojappura, and Pattom give high rental income. To maximize returns ensure your flats are in well-connected areas with modern amenities.
3. Well Developed Infrastructure
Trivandrum has excellent infrastructure from smooth roads to an international airport. It has prestigious schools, top-notch hospitals, and vibrant shopping centers. Such infrastructure adds to property value. Before investing always review the future infrastructure projects and accessibility as these can impact appreciation.
4. Tourism Potential
As a gateway to Kerala’s tourist destinations, Trivandrum attracts both domestic and international tourists. Iconic spots like Kovalam Beach and Padmanabhaswamy Temple boost the short-term rental potential. If you are investing with tourism in mind ensure your property appeals to travelers. But remember to consider local regulations and the seasonal nature of vacation rentals. This can be a profitable niche if done with proper planning.
5. Quality Lifestyle and Environment
Trivandrum has a unique blend of urban and natural living which appeals to families and retirees. Its cultural heritage, green surroundings, and modern amenities make it a good place to live. Choosing flats in well-maintained and peaceful areas is a good strategy. Important factors to consider while investing in real estate in Trivandrum are safety, recreational facilities, and overall lifestyle appeal.
7 Common Mistakes While Investing in Real Estate in Trivandrum
You need to carefully form your real estate investment strategies and avoid these pitfalls while you plan on investing:
- Lack of Due Diligence: Not verifying property titles and documentation.
- Overlooking Infrastructure Impact: Ignoring future projects and their impact.
- Underestimating Costs: Neglecting maintenance and additional expenses.
- Paying Without Research: Overpaying due to market hype.
- Lack of Diversification: Putting all funds into one property type.
- Location Misjudgment: Choosing areas without proper market analysis.
- Legal Oversights: Not being aware of real estate regulations specific to Trivandrum.
Also Read: 7 Common mistakes while investing in real estate in Trivandrum
Conclusion
By understanding the real estate market and knowing the important factors to consider while investing in real estate in Trivandrum, you can make informed decisions and get lucrative returns.
Varma Homes is one of the leading builders in Kerala who has successfully delivered a number of exceptional apartment projects in the most sought-after residential locations of Trivandrum.
Their projects adhere to RERA and other norms, and are visually pleasing, functional, and robust. Varma Homes believes in ethical standards of construction, transparent dealings, and timely delivery of projects.
Check out their premium 2 and 3 BHK flats with all modern amenities.
FAQ
What makes Trivandrum an attractive city for real estate investment?
Trivandrum is experiencing rapid economic growth and infrastructure development, particularly noted for its booming IT sector. The city's blend of modern amenities and strong cultural heritage makes it a desirable location for both living and investment, especially with the rise of gated communities offering a high standard of security and community life.
How do the amenities in Trivandrum apartments enhance the quality of life?
Apartments in Trivandrum come equipped with world-class amenities such as swimming pools, gyms, clubhouses, and landscaped gardens, which not only enhance the living standards but also foster community interaction among residents of all ages. These facilities contribute significantly to the lifestyle appeal, making apartment living more attractive in the city.
What should potential investors consider when choosing flats in Trivandrum for high rental returns?
When investing in flats for rental purposes, it's crucial to select properties in well-connected areas close to IT hubs like Technopark and Technocity, as these locations are in high demand among IT professionals and students. Ensuring the availability of modern amenities and good infrastructure like schools, hospitals, and shopping centers can also maximize rental income and property appreciation.