Thrissur's Commercial Boom: IT Park Expansion Drives Demand in Kerala’s Emerging Hub
Thrissur is seeing a big rise in commercial real estate demand, thanks to the IT sector's growth and new infrastructure. With major IT parks, healthcare institutions, and better connections, the city is becoming a key economic hub in Kerala. This blog looks at the reasons behind this growth and the investment chances it brings.
Thrissur’s IT Sector Expansion Fuels Commercial Demand
The growth of Infopark Thrissur has sparked a huge demand for commercial spaces. Working under a Hub-and-Spoke Model, the park now hosts 29 companies and employs around 700 professionals. Investors are looking at the planned Phase 3 expansion over 500 acres, which could be a big leap for Kerala’s IT scene.
Key developments include:
- Coworking spaces made for innovation and teamwork, attracting startups and tech firms.
- Special Economic Zone (SEZ) status, offering tax breaks and easier operations for businesses.
- Growing interest in commercial REITs (Real Estate Investment Trusts) due to 2025 Budget changes simplifying tax rules.
Healthcare and Mixed-Use Developments Gain Momentum
Thrissur's expanding healthcare facilities are driving demand for specialized commercial properties:
- Medical office spaces for clinics and labs.
- Hub-and-spoke models for healthcare services, similar to successful IT park methods.
- Mixed-use developments blending residential and healthcare in high-traffic areas.
These changes fit with the city’s plan to diversify its economy beyond IT, backed by projects like the Thrissur-Kuttippuram Road upgrade.
Enhanced Connectivity Drives Market Accessibility
Being near key projects attracts many investors:
- NH-544 Highway Expansion: Cuts down commute times for workers and goods.
- Thrissur-Palakkad Rail Corridor: Updates transport links with nearby industrial areas.
- Road Overbridges (ROBs): 55 ROBs planned in Kerala, with 18 in Thrissur district already funded (INR 95 crore for land).
The National Land Records Modernization Program (NLRMP) makes transactions easier, allowing digital property searches and quicker registrations. This transparency is great for NRI investors looking at options from afar.
Investment Opportunities Abound in Thrissur’s Commercial Market
Smart investors are focusing on key areas for good returns:
- Strategic Locations: Puzhakkal, Mannuthy, and Amala Nagar near IT hubs show high value growth.
- REIT Investments: Tax reforms make commercial properties in Tier-II cities like Thrissur more accessible to retail investors.
- Future-Ready Properties: Developers focus on coworking spaces, logistics centers, and smart offices near growing IT areas.
The mix of SEZ benefits, infrastructure upgrades, and policy changes make Thrissur a top spot for commercial real estate investments in 2025.