REAL ESTATE TRENDS IN TRIVANDRUM

Trivandrum has proven itself as a city giving one of the best quality of life by getting its name up in the list of top performers on the quality of governance. So obviously it has become a city of choice for many people to move into. This makes one think about the real estate trends of the city. So, let us look into the current real estate trends of the city.

POPULAR REGIONS:

Currently Technopark at Karyavattom is the hotspot for people looking to move in as this region is showing a high rate of development. The place will be booming with all kinds of business because of the job opportunities given by Technopark. The recent news about malls like lulu being opened near the Technopark has given all the more reason to move in near the location.

Vizhinjam is another popular place because of the trans-shipment terminal that is about to come there. This project in Vizhinjam has also helped the real estate in Vazhuthacaud, Vettiyoorkavu, and Sasthamangalam as these are the nearby places to the port.

Neyyatinkara is also showing high growth in real estate as many finance companies are planning to start their business there.

Now let us take a look at the preferences of the people in Trivandrum.

PREFERENCES:

The people in Kerala has always loved the comfort and luxury of a big house. It was found that 55% of Keralites live in big houses This itself shows the love for big houses in Kerala but now we can see a slow shift from this as some are going for luxury apartments and some prefer service apartments that are for short term use.

These changes are seen because of the convenience an apartment can provide over the big houses as the apartments are easy to maintain and one can always find an apartment near the place of work or in any major part of the city.

Service apartments are preferred by students and working professionals who want a comfortable stay for a short period of time ranging from few months to 2 or so years. A service apartment can give you all the necessities and comforts that an apartment has to offer for a monthly nominal fee, and this is what the people look for when temporarily moving into a city.

The others who look for a long-term stay can always opt for the most comfortable luxury apartments idle for a family. As it gives comfort and access to all major locations of the city. The people who are not into big houses but want a luxurious place can always get themselves a luxury apartment.

CONCLUSION:

Now is one of the best time to invest in real estate in Trivandrum as it showing an exponential growth potential and the  prices right now are relatively low to what it could cost in 5 years down the line and choosing the place near Technopark or Vizhinjam can give a massive ROI. The other thing to keep in mind is the shift of preferences that is from big house to the apartments. So, consider all the factors before investing in Trivandrum.