Trivandrum, the capital of Kerala, is a great place to invest in real estate. The city is growing rapidly, with a strong economy and plenty of new development. It already has superb connectivity with major national and state highways and an intricate network of arterial roads.
Three railway stations and an international airport serve this city, connecting it not just to the rest of the country but the entire world. This makes Trivandrum ideal for real estate investors.
Real Estate Investments Strategies in Trivandrum
There are a couple of smart banking options to consider in Trivandrum:
- Buy the property and sell it at a higher price later. As Trivandrum grows, building prices are expected to rise. This could mean huge returns for investors.
- Rent the property. Rental properties in Trivandrum are in high demand, especially from the city’s booming industrial and tourism sectors.
Also Read: Real Estate Investment Strategies in Trivandrum
Important Factors to Consider While Investing in Real Estate in Trivandrum
There are a few key things to consider while investing in Trivandrum real estate:
Location: Places like Srikaryam, Kazhakkoottam, and Poojappura are popular as they are close to work, schools, and transport. New city infrastructure projects can also impact a place’s economic vitality. Within these areas also, the best locations are those that have markets, essential services like healthcare and primary education and so on nearby.
Rental Demand – Look at rental demand in various campuses, especially in areas popular with tech professionals and students like Srikaryam and Kazhakkoottam.
Also Read: Important Factors To Consider While Investing In Real Estate In Trivandrum
Benefits of Different Areas in Trivandrum
Sreekaryam: This place has gained popularity due to its prime location. Its proximity to downtown and abundance of schools make it appealing. The area boasts well-maintained roads and reliable public transit. These amenities attract numerous families to settle here.
Kazhakkoottam: Trivandrum’s technology center sits in this district. It houses numerous IT firms, making it ideal for rental property investments; the IT township has given a huge fillip to the industry. Tech professionals often seek homes in this area. This place also features constructed apartment complexes and retail centers.
Poojappura: This established residential zone offers many amenities. Residents enjoy access to hospitals, schools, and markets. Real estate values continue to climb in this area. People know this district for its calm atmosphere and a strong sense of community.
Tips for New Investors
- Start by visiting these areas personally. This helps you understand the neighborhood better.
- Talk to local real estate agents. They can give you good information about property prices.
- Check the infrastructure development plans in the area you choose.
- Look at the rental rates in the area if you plan to rent out your property.
- Consider future development plans. Areas with upcoming projects often see better property value growth.
- Compare prices of similar properties in different areas before making a decision.
Is Trivandrum A Good Investment Option For Upgraders?
Trivandrum’s property market also appeals to “upgraders” – folks aiming to move to a bigger or fancier house from a smaller flat or simpler house. The city’s expansion, especially the burgeoning IT industry, draws many well-paid professionals, boosting the demand for high-end homes. People looking to upgrade can take advantage of their current home’s higher value.
Also Read: Is Trivandrum A Good Investment Option For Upgraders
Conclusion
To wrap up, Trivandrum’s housing scene provides good investment chances in neighborhoods like Sreekaryam, Kazhakkoottam, and Poojappura. If you want to gain from climbing prices or collect rent money, you should think about Trivandrum as you search for your next property investment.
Varma Homes has some of the most outstanding apartment buildings in Trivandrum. As one of the leading property developers in Kerala, they have earned a reputation for their fair and transparent dealings, timely delivery of projects, adherence to RERA norms, and excellent service, both during and after-sales.
Investing in a Varma Homes apartment can get you some of the best returns possible, as such premium properties are always in demand. Check out their 2 and 3 BHK flats and amenities yourself.
If you’re considering a property investment in Kochi, look no further than Varma Homes, one of Kerala’s leading property developers. With a sterling reputation for fairness, transparency, and a commitment to timely project delivery, Varma Homes offers you a golden opportunity to invest in your future. Explore their range of 2 and 3 BHK apartments, each designed with comfort and elegance in mind and equipped with top-tier amenities to enhance your living experience. Whether you’re seeking a home for your family or an investment that grows, Varma Homes provides properties that promise excellent returns and a lifestyle upgrade.
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FAQ
What makes Trivandrum an attractive city for real estate investment?
Trivandrum, the capital of Kerala, is expanding rapidly with a burgeoning economy and increased developmental projects. The city’s superior connectivity, including three railway stations and an international airport, makes it accessible globally. Additionally, the thriving industrial and tourism sectors increase demand for rental properties, offering promising returns on real estate investments.
Which areas in Trivandrum should I consider for real estate investment?
Areas like Sreekaryam, Kazhakkoottam, and Poojappura are highly recommended for investment due to their proximity to essential amenities such as schools, hospitals, and markets. Sreekaryam is near downtown and has abundant educational institutions, making it ideal for families. Kazhakkoottam, the tech hub, is perfect for rental investments due to the high demand from IT professionals. Poojappura offers a serene community atmosphere with steadily increasing real estate values.
What strategies should I adopt to invest in Trivandrum’s real estate market?
Prospective investors should start by personally visiting potential neighborhoods to understand their dynamics and infrastructure better. Consulting with local real estate agents can provide insights into property values and investment opportunities. Additionally, investors should monitor infrastructure development plans and future projects, which can significantly impact property values. Comparing property prices in various neighborhoods can also aid in making a well-informed investment decision.
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