Why You Should Consider Real Estate Investment in Thrissur

Posted onApr 06, 2024

Thrissur is a city steeped in culture and heritage, attracting people from all over the world to witness its spectacular celebrations. Today it is also a cosmopolitan city and a thriving hub for trade and commerce, and this has led to a sharp rise in the demand for real estate.

Let us look at the reasons why real estate investment in Thrissur is the best option for those looking for a safe bet.

Profit Potential

The real estate market in Thrissur has been witnessing a steady growth because of the growing economy, fuelled by infrastructure projects, excellent road network, proximity to international airports, reliable public transportation, etc. The Infopark at Koratty has facilitated the establishment of startups and growth of the IT industry.  All these factors have ensured that the value of properties in Thrissur has steadily increased, meaning there is a good potential for you to earn a handsome profit.

Regular Income

Consider renting out your flat as part of your real estate investment strategies in Thrissur, as it will bring you a steady monthly income. With more people migrating to Thrissur, there will be a huge demand for rental accommodation, and you can capitalize on it.

High ROI

By selling off your apartment after a couple of years, you can expect to get an excellent profit as demand for quality housing is increasing along with the economic growth of the city. You can be rest assured that the real estate market in Thrissur is not showing any signs of slowing down, and can get a high resale values, bringing you lucrative returns on your investment.

Tax benefits

As a home buyer, you can get a number of tax benefit if you apply for home loans.

You can claim tax deduction on the interest you pay for the home loan; as an investor you can claim depreciation on your rental properties.

Also read: Is Thrissur a good investment option for upgraders?

Flexibility in Transactions

Thrissur is a favourite destination for real estate developers and investors because of the steady increase in demand. Apartments are especially favoured by younger families, and you can be assured of flexible terms to both buy and sell properties. Should you find yourself in urgent need of funds, you can put up your flat for sale, and you can be assured of finding a number of potential buyers.

Financial Assistance

Buying from reputed builders like Varma Homes will help you get financial assistance easily and on favourable terms. Innovative schemes encourage investors to delve into the Thrissur real estate market, and help individuals realize their dream of buying their own home.

Infrastructure

Thrissur has an excellent network of roads, efficient public transportation, a railway station, and an international airport close by, that makes commuting within the city, and travel, both domestic and international, super easy. This not only promotes trade and commerce, but makes it convenient for residents as well.

Socio-cultural Environment

Thrissur is known as the cultural capital of Kerala and hosts one of the biggest cultural extravaganzas you could witness - the Pooram - each year. It is home to cultural institutes, ancient temples and other places of worship. It is a centre for art, music, theatre, and other cultural activities. Additionally, Thrissur abounds in natural beauty, with its gushing waterfalls, sun-kissed beaches, and lush green meadows. It is also a peaceful place to live, and this substantially appeals to families. 

Conclusion

Thrissur is an ideal place to invest in. Varma Homes brings you luxurious living with Varma Spectrum. Featuring modern amenities that offer a heightened living experience, this apartment building is enough reason for you to purchase a flat in Thrissur. The factors we described above, make Thrissur a much sought-after destination; this is the right time to invest, so don’t miss the opportunity of a lifetime.

FAQs

Q1: Why is Thrissur turning heads in the real estate market?

A: With its vibrant mix of culture, booming economy, and top-notch infrastructure like the Infopark at Koratty boosting the IT sector, Thrissur is on the rise. This blend of tradition and modernity is creating a buzz, making it a hotbed for real estate investment with properties appreciating in value.

Q2: Can investing in Thrissur real estate be beneficial in terms of taxes?

A: Absolutely! Whether you’re taking a home loan or renting out your property, there are several tax advantages to be had. From deductions on home loan interest to depreciation benefits for landlords, the tax perks are enticing.

Q3: What makes Thrissur so livable and attractive to residents and investors?

A: Beyond the economic opportunities, Thrissur is a haven of culture and natural beauty, from the majestic Thrissur Pooram festival to serene beaches and lush landscapes. Its well-developed infrastructure and peaceful socio-cultural environment make it a perfect place for families looking for a blend of modern amenities and cultural richness.