Important factors to consider while investing in real estate in Thrissur

Posted onMay 11, 2024

Are you looking at Thrissur as an investment opportunity for real estate? Excellent choice! Apart from being the cultural capital of Kerala, it is a major financial hub, and a popular tourist destination. These are all great reasons why you should invest in Thrissur. 

Infrastructure and Connectivity

Thrissur has superb connectivity thanks to  its roads, proximity to the airport and efficient public transport system. Easy commute within the city and access to other cities in the state and the nation. Infrastructure like bridges, IT parks, business parks, reliable power and water supply are also available in the city, increasing its value as a desirable real estate investment option. The development of infrastructure also presents several future opportunities for development in Thrissur.

Also read: Why do people choose thrissur as a future home investment?

Roads

Thrissur boasts an intricate network of highways, city roads, and arterial roads, along with over-bridges and flyovers at strategic locations. These factors increase the appeal of the city for not just home owners, but entrepreneurs and investors as well. It pushes the demand for real estate and this keeps the price at a high level too.

Public Transport

Thrissur has a very good public transport system in the form of local buses and trains. Autorickshaws can be hailed easily for short commutes. With so many options to choose from, residents can easily commute to work or leisure activities, or to go long distances. Many prominent real estate projects are coming up close to major transport hubs.

Access to Airports and Railway Stations

Thrissur has a railway station, making it easy for people to travel to other cities in Kerala and even out of the state simple. It is also in close proximity to the Nedumbassery International Airport, providing access to international destinations for the residents of Thrissur, and also serving as a gateway for international tourists who want to visit the city.

Economic Factors

The rapid economic growth of Thrissur is contributing to the growth of the real estate market; the economic growth and stability has a significant impact on the demand and supply of real estate. Industries like coir,  textile manufacturing, lumber, agriculture, gold ornaments manufacturing, trade, and the recently emerging IT industry have driven the economy in recent times. 

Thrissur is also home to several financial institutions. When the economy thrives, more people have disposable incomes which they can channel towards real estate investment after meeting their basic needs. 

When you are thinking of investment, you should include these real estate investment strategies in Thrissur:

Profit Potential

Think of the potential for profit that you can get in an upcoming real estate market like Thrissur. When a city has superior infrastructure, transport, connectivity, and facilities for startup incubation etc., you can be sure that the demand for real estate will keep rising. You can expect to get good returns on your investment if you sell your property in such a city. There will be many takers for your property, especially in premium projects. There will always be demand for quality residential spaces, and you can expect high resale value for your property.

Regular Income

You can get regular monthly income if you rent out your apartment. Thrissur offers several opportunities to jobseekers and entrepreneurs, so at any given point in time, there will be many people looking for temporary housing. Renting out your apartment is an almost fool-proof way of making a good and steady income on your real estate.

Conclusion

Undoubtedly, real estate is one of the most lucrative investments that you can make. It’s a safe bet, as there is limited land availability and the demand is steadily increasing due to various factors. Varma Homes brings you superior living spaces in Thrissur with Varma Spectrum. The premium 2 and 3 BHK apartments feature all the conveniences of modern living.

FAQs

Why is Thrissur considered a good investment opportunity for real estate?

Thrissur is recognized as the cultural capital of Kerala and a major financial hub, which makes it a popular destination for both residents and tourists. Its excellent infrastructure, connectivity via roads, proximity to airports, and efficient public transport make it an attractive location for real estate investments. The presence of industries such as IT, textiles, and gold ornaments manufacturing contributes to economic growth and demand for property.

What are the key infrastructural advantages that enhance Thrissur's real estate market?

Thrissur boasts a comprehensive network of roads, including highways, city roads, and arterial roads with strategic over-bridges and flyovers, enhancing its accessibility. The city also has robust public transportation options and proximity to major transport hubs like railway stations and Nedumbassery International Airport, adding to its desirability as a real estate location.

What financial benefits can one expect by investing in real estate in Thrissur?

Investors in Thrissur's real estate can look forward to potential high returns due to the city's growing demand for residential and commercial spaces. Properties, especially in premium projects, are likely to appreciate in value, ensuring good resale prospects. Additionally, renting out properties can provide regular income, supported by the city’s continuous influx of job seekers and entrepreneurs.