If you’re looking at Trivandrum as a potential destination to invest in real estate, that’s a great decision. This is an excellent time to invest as the market is booming. Numerous infrastructure and real estate projects are coming up in the city, which is becoming more urbanized by the day. Let’s look at reasons why you should invest in Trivandrum
Infrastructure and Connectivity
Being the state capital, Trivandrum has an extensive road network that connect all the suburbs and towns in the district, and provide easy access to other cities in the state and outside. To ease traffic congestion, the Metro will be implemented shortly. There are four railway stations connecting the city to the rest of India. The international airport enables people from all over the world to reach Trivandrum and vice versa. The seaport facilitates international trade and collaboration.
Entrepreneurship Opportunities
A number of facilities have been provided for startups like incubators, easy finance, and utilities. Several business and IT parks, especially the Technopark at Kazhakkoottam, that have been set up, provide immense opportunities to entrepreneurs and professionals. These factors attract a lot of people seeking their fortunes to the city, boosting the demand for property. These features also offer future opportunities for development in Trivandrum.
Health and Education
Trivandrum has traditionally been a centre for excellent healthcare as well as quality education. Medical tourism is flourishing here thanks to the superior healthcare facilities offered to patients. Whether it is schools, colleges, vocational training institutes or institutes of higher learning, Trivandrum has a large number of all those institutes, making it a haven for families wanting to settle there.
Quality of Life
Residents of Trivandrum can enjoy an exceptional quality of life thanks to the vast green spaces, scenic beauty, superior air quality, and sustainable development efforts of authorities. There are several real-estate projects being completed with all the
modern amenities which open the doors to new experiences and luxury lifestyle.
Here are some factors that you should consider in your real estate investment strategies in Trivandrum:
Location
There is a huge demand for property now in Trivandrum thanks to the rapid economic growth. Check which areas in the city are likely to appreciate in value more, and which are in demand currently, before you finalize your decision to invest.
Excellent ROI
With the IT parks and other infrastructure developments, the surge in demand for real estate has caused the prices to go up sharply. This means you can invest in under-construction or newly constructed apartments, and sell them later for a good profit, giving you outstanding ROI.
Rental Income
When a city provides significant employment and business opportunities, there will be a huge floating population which needs temporary housing. You can purchase a flat and give it on rent and enjoy a steady monthly income for years.
Other Strategies:
- Flipping – you can buy distressed properties, renovate them, and sell them afterwards for a high profit.
- BRRRR – Buy, Rehabilitate, Rent, Refinance, Repeat – Buy low-ball properties, renovate them, refinance them to repeat the process all over again. This can give you high monthly income.
- REIT – you can invest in REITs which are companies that own and operate properties that generate income.
Lifestyle Benefits
Trivandrum is the capital city and a hub of tradition and culture, but also offers modern amenities. Along with good quality of life, it offers opportunities to enjoy multicultural diversity and an elevated lifestyle.
Conclusion
Trivandrum is an excellent choice for investing in real estate. The demand for quality residential spaces is only expected to go up. If you’re looking for superior real estate projects where you can get exceptional returns on your investment, you’ve come to the right place. Varma Homes brings you superior construction, aesthetic appeal, and an elevated lifestyle in their premium 2 and 3 BHK apartments in the best localities of Trivandrum.
FAQs
Why is Trivandrum a good place to invest in real estate?
Trivandrum offers a robust infrastructure, excellent connectivity, and numerous development projects, making it an attractive destination for real estate investment. The city is home to thriving business parks, superior healthcare facilities, and a variety of educational institutions, all of which contribute to a high quality of life. Additionally, ongoing urbanization and infrastructure improvements, such as the upcoming Metro, promise further growth and appreciation in property values.
What are some key factors to consider when investing in real estate in Trivandrum?
Key factors include the location of the property, potential for excellent ROI, and opportunities for rental income. Areas with rapid economic growth and infrastructure development are likely to appreciate in value. Understanding the demand trends and future development plans can help you make informed decisions. Moreover, strategies like property flipping, the BRRRR method, and investing in REITs can diversify and enhance your investment returns.
How can I benefit from rental income in Trivandrum?
Trivandrum’s thriving job market and business opportunities attract a large floating population in need of temporary housing. By purchasing a flat and renting it out, you can enjoy a steady monthly income. With the city’s continuous growth and influx of professionals, rental demand is expected to remain high, ensuring a reliable source of income for property owners.
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