In the past few years, the capital city of Kerala, Trivandrum, has experienced tremendous economic growth. There are several reasons for this, like tourism, growth of the IT industry, NRI remittances, and good domestic spending. The city has attracted a large number of skilled professionals seeking their fortunes in the flourishing job market and business environment.
The city also has excellent connectivity to the rest of the country and the world, with a robust road network, railway station, international airport, and a seaport as well. It serves as a gateway to global trade, tourism, and cultural exchange.
All these factors have significantly contributed to the increasing demand for real estate: quality living spaces and commercial spaces. Several major projects are being implemented on a war footing and are expected to be completed soon: The Technopark second phase, Vizhinjam port, elevated highways, expressways, e-charging stations and so on.
Here’s why you should consider buying an apartment in Trivandrum as part of your real estate investment strategies in Trivandrum:
Buying a flat in Trivandrum offers several benefits. The strategic location offers breathtaking scenic views, making it an attractive destination for tourists, investors, and homebuyers. Its outstanding infrastructure, high quality educational institutions and medical facilities, superior air quality, and entertainment options ensure that you have an excellent quality of life.
Investment Potential
The steady and rapid economic growth of the city has pushed the demand for real estate, meaning prices are rising. There is a high demand for quality housing, which means there is likely to be high appreciation in the near future as well.
Excellent ROI
The real estate market in Trivandrum has seen a sharp rise in the prices of properties. The economic growth and infrastructure development are driving this increase. Wherever there is potential for value appreciation, it is a good place to invest. You can wait for some time after buying a flat, and sell it for a handsome profit.
Rental Income
With the Technopark, higher education institutes, and bustling tourism industry, there is a steady influx of students, skilled workers, and qualified professions, who seek temporary housing or living spaces on rent. This is one of the things to consider when buying an apartment in Trivandrum; the potential of earning a rental income and getting good returns on your investment.
Flipping Houses
You can earn a good profit by buying undervalued or distressed properties, renovating them, and selling them later. That answers the question, is Trivandrum a good investment option for upgraders. Yes, it is. The reason being that such properties will still cost less than brand-new ones, so they are attractive to young professionals or lower-income families.
Lifestyle Benefits
Trivandrum is a cultural hub, and has a beautiful landscape; the environment is tranquil, with lower pollution. And yet, all the trappings and comforts of modern living, and exceptional healthcare are easily accessible. This helps you elevate your lifestyle and have a holistic living experience.
Tax Benefits
By investing in apartments in Trivandrum, investors can get several tax benefits, like exemptions from property tax, deductions on interests on home loans, depreciation for rental properties etc., thereby lowering the financial burden of property ownership.
Future Forward
As the capital city, Trivandrum is home to many important government offices, institutions, research institutes, museums, etc. There are a lot of infrastructure projects in the planning stage. These include planned residential and commercial projects that are sure to enhance the appeal of the city even further, and fuel the economic growth even more.
Varma Homes has outstanding residential projects in some of the prime locations in Trivandrum like Sreekaryam, Kazhakkoottam, and Poojappura. Explore these options to unlock the doors to a whole new lifestyle.
FAQs
Q: Why is Trivandrum considered an attractive city for real estate investments?
A: Trivandrum’s economic growth, driven by sectors like IT, tourism, and NRI remittances, along with excellent connectivity and infrastructure developments, makes it a hotbed for real estate investments.
Q: What makes buying a flat in Trivandrum a good investment choice?
A: Strategic location, scenic beauty, high-quality life with top-notch education and healthcare facilities, and the potential for property value appreciation and rental income contribute to its appeal.
Q: How does the economic and infrastructure development in Trivandrum impact real estate prices?
A: The city’s steady economic growth and infrastructure projects like Technopark’s expansion and the Vizhinjam port enhance demand for real estate, driving property prices and promising good returns on investment (ROI).
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