Keekkadan PM

Review of Tiruvalla, Pathanamthitta

THIRUVALLA – NEW FACE
Thiruvalla is fast emerging and highly preferred business destination for investors, bringing in significant changes in the socio-economic milieu of the town. Tier-II markets like Thiruvalla will be the future growth drivers for investors that enable to penetrate into newer markets and unlock their potential.
A sleepy township till a few years back, renowned for its religious, educational, healthcare, and financial aspects. The town can surely claim to be high literacy rate of 89-91%. Thiruvalla is also the town with the largest bank deposit in the country. Besides, the city has many chit fund firms and non-banking financial institutions, which are well-known names in State and National level.
According to analysts, the town’s business growth can be traced back to the Non Resident Indian (NRI) community’s investment appetite. However, today, it is not only the Syrian Christians but people from other communities are also leading Thiruvalla’s business growth.
BUSINESS, DIVERSIFYING
While several traditional businesses have lost sheen, textile and gold retailing are flourishing in the town, contributing to its economy with high quality companies successfully navigating their value of journey.
Several small and medium scale industries are emerging in the district now. Industries based on repairing and servicing, agro & food, textile, engineering, mineral, paper products, metal based, rubber, plastic & petro based are the leading sectors. Prominent automobile brands are making their presence felt at the stretch from Idinjillam to Thirumoolapuram (MC Road) and Thiruvalla to Pathanamthitta (TK Road).
Opportunities are aplenty in the property, education, hospitality service sectors. There is a steady growth in the retail business with the high purchasing power from NRI backed local community and people from nearby districts.
PEOPLE, TOWN AND BEYOND
The town, a land of the world-famous conventions, renowned for its literary, arts, drama and dance activities, is located here. The town is renowned as a centre of learning with two medical colleges, about a few engineering colleges, ayurvedic college, business schools and several well-known arts and science colleges.
The town’s proximity to Tier-I cities, availability of land in plenty, clean environment, quality of life, the presence of good education and healthcare facilities are attracting several investors to the town. Shopping malls, multiplexes, huge textile showrooms, large jewelers, convention centres, premium hotels and posh residential townships, add excitement to life in the town.
Apart from this, the town is also emerging as a preferred destination for real estate players. After the Government’s many structural reforms, the market is bouncing back and the town is witnessing a frenzy of development activities. It’s just a matter of time before Thiruvalla emerges as a twin city to the nearby headquarter of Pathanamthitta.

Pros:

• Investor friendly

Cons:

• Poor road infrastructure