Real Estate Overview of Mangalapuram, Trivandrum

Mangalapuram, situated in Trivandrum, Kerala, has caught the eye of the real estate market because of its strategic situation and expanding infrastructure.

Location and Accessibility

Mangalapuram enjoys benefits from being close to major employment centers, especially Technopark and the new Technocity. This location makes it quite appealing to IT specialists and others in neighboring industrial and technological areas. Additionally, it’s near important districts like Kazhakoottam and Kulathoor, known for their residential and commercial ventures.

Property Prices

If you’re thinking of buying, Mangalapuram has diverse options. Prices for homes range between ₹6.6 Lac and ₹1.18 Cr. Roughly half of these properties are priced up to ₹20 Lac, and around 17% are from ₹20 Lac to ₹40 Lac.

Rental Market

The rental scene in Mangalapuram is bustling, with charges varying by property type and facilities. A simple one-bedroom flat may start at INR 5,000 monthly, whereas a complete furnished two-bedroom apartment in central spots could range from INR 12,000 to 20,000 each month. This area is especially attractive for IT professionals given its closeness to Technopark and other business hubs.

Land and Plots

For investors or those planning to build, there are affordable residential plots. For instance, plots near important amenities like schools are available starting from around ₹3.85 lakhs.

Amenities and Infrastructure

Mangalapuram is evolving with plenty of amenities such as schools, healthcare setups, and other necessary services. The real estate market here sees a growing number of residential complexes including apartments and villas that offer modern facilities and services.

PropertyWala's Verdict

Mangalapuram in Trivandrum stands as a promising option for both sellers and renters, particularly those engaged with the IT industry. Its position, affordable property prices, and expanding infrastructure make it a great choice. Whether you’re seeking to buy, rent, or invest, Mangalapuram presents a well-rounded blend of affordability, convenience, and a high quality of life, making it an excellent option for real estate consideration in Trivandrum.