Is Buying an Apartment a Good Investment in Trivandrum?

Trivandrum, the capital city of Kerala, is a fast-growing hub for technology, tourism, and healthcare. The city's strategic location and booming economy make it an ideal place for investment in real estate. Buying an apartment in Trivandrum can be a good investment, provided you make an informed decision. In this blog, we will discuss the advantages and disadvantages of investing in apartments in Trivandrum.

Advantages of buying an apartment in Trivandrum:

High appreciation value:

The real estate market in Trivandrum is growing rapidly, with property prices increasing year on year. Buying an apartment in Trivandrum can yield high returns on investment in the future.

Future developments:

Trivandrum will soon have its own metro rail system, known as the "Light Metro," which is anticipated to enhance both the standard of life for its residents and the city's development. The upcoming Vizhinjam port is also expected to accelerate the development and prosperity of the city. The real estate industry will expand as a result of all these factors.Flats in Kochi is a big example of this.With its superfast metro and rapid development their value in the real estate market has skyrocketed.Along with this the  new 6 lane highway will make traveling to northern parts of  Kerala much quick and easy

Stable rental income:

Trivandrum has a high demand for rental properties, making it an ideal place to invest in an apartment. Investors can expect a stable rental income from their investment.

Technopark:

Technopark, the IT centre in Trivandrum, is growing and is expected to soon surpass all others in size in the nation. Currently, Technopark is home to over 350 Indian and international businesses that hire over 60,000 professionals from all over India. As a result, there will be a higher demand for homes to accommodate the expanding population. 

Developed infrastructure:

Trivandrum has well-developed infrastructure, including excellent road networks, public transportation, and healthcare facilities. This makes it an ideal place for families and professionals to live, which further increases the demand for apartments. As it's the capital of Kerala state all head offices of governments and other agencies are found here and chance of people renting apartments for work related reason is high and this makes is a perfect place to invest (high returns on rentals)

High-quality construction:

The construction quality of apartments in Trivandrum is high, with most commercial builders in Kerala using high-quality materials and modern construction techniques. This ensures the durability and longevity of the property, reducing the maintenance costs over time.

Tax benefits:

Investing in an apartment in Trivandrum comes with several tax benefits. Investors can claim tax deductions on the principal and interest paid on the home loan, which can significantly reduce their tax liabilities.

Tourism:

Nestled on 7 undulating green hills, Trivandrum is blessed with a bounty of natural beauty spots including a number of attractive beaches. Having been the capital of the erstwhile Kingdom of Travancore, the city is also home to numerous beautiful old buildings and tourism spots for both domestic and international tourists.

Conclusion

Buying an apartment in Trivandrum can be a good investment if done with careful consideration. Factors such as location, construction quality, rental income potential, tax benefits, legal due diligence, and market fluctuations should be taken into account before making the investment. By following these guidelines, investors can ensure that they make a wise and profitable investment in real estate in Trivandrum.