Trivandrum, also known as Thiruvananthapuram, is the capital city of Kerala, a southern state in India. Known for its rich cultural heritage and scenic beauty, Trivandrum has become a popular destination for tourists and investors alike. Property investment in Trivandrum has been on the rise in recent years, and there are several reasons why.
High Rental Yield
Trivandrum has a high rental yield, making it an attractive destination for property investors. The rental yield in Trivandrum is around 5-7%, which is higher than many other cities in India. This means that property investors can expect a good return on their investment in Trivandrum.
Growing IT Industry
The IT industry is one of the fastest-growing sectors in Trivandrum. The city has several IT parks, including the Technopark, which is the largest IT park in the country. The growth of the IT industry has led to an increase in demand for residential and commercial properties in Trivandrum.
Infrastructure Development
Trivandrum has seen significant infrastructure development in recent years. The city has an international airport, a well-connected road network, and a proposed metro rail system. These developments have improved connectivity and accessibility, making Trivandrum an attractive destination for property investors.
Tourist Destination
Trivandrum is a popular tourist destination, with several beaches, historic monuments, and cultural sites. The city attracts a large number of tourists every year, which has led to an increase in demand for holiday homes and rental properties. Property investors can expect good returns on their investment by catering to the tourist market.
Education Hub
Trivandrum is home to several prestigious educational institutions, including the Indian Institute of Technology (IIT) and the Indian Institute of Space Science and Technology (IIST). The presence of these institutions has led to an increase in demand for student accommodation and rental properties.
Lifestyle
Fast increase in the number of shopping malls & centres, multiplexes, international food chains and other commercial hubs, has led to more activity in the city, lending it a multicultural cosmopolitan lifestyle.
Affordable Property Prices
Compared to other major cities in India, Trivandrum has relatively affordable property prices. This makes it an attractive destination for property investors who are looking for good returns on their investment without having to spend a lot of money upfront.
In conclusion, Trivandrum is a city that offers a great investment opportunity for property investors. With its high rental yield, growing IT industry, infrastructure development, tourist destinations, educational institutions, safe and secure environment, and affordable property prices, Trivandrum has everything that property investors are looking for in a destination.
Varma Homes offers a team of specialists that are well-versed in the real estate business, including current trends, price, and regulatory requirements. You may obtain helpful information and advice on several elements of the real estate process by consulting with us, such as discovering suitable houses, negotiating transactions, and managing legal requirements.
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