Thrissur Railway Station Redevelopment Boosts Residential Demand
The redevelopment of Thrissur railway station in Kerala, valued at ₹393.57 crore, is greatly affecting the local real estate market. This project, part of the Amrit Bharat Station Scheme, aims to turn Thrissur into a modern transportation hub, blending cultural heritage with contemporary amenities.
Key Features of the Redevelopment
- Improved Accessibility: The station will have east and west entrance blocks with direct road-level entries and an elevated podium for departures, ensuring seamless integration with various transportation modes.
- Modern Amenities: The revamped station will include 19 new lifts and 10 escalators, significantly improving passenger convenience. A 36-metre-wide air concourse will connect all platforms.
- Expanded Parking and Commercial Development: Development near railway station like parking area will grow from 2,520 sqm to 10,653 sqm, alongside a new multi-level car park (G+5). Upcoming plans also include a hotel and commercial spaces, which will boost accessibility and attract visitors.
Impact on Residential Demand
The redevelopment is driving residential property demand in nearby areas. Enhanced connectivity and modern amenities attract buyers. They are drawn to the potential for increased property values and the appeal of living near a state-of-the-art transportation hub.
Project Timeline and Budget
The project is expected to be completed by 2025. Despite initial estimates around ₹300 crore, the current budget stands at ₹393.57 crore, reflecting the extensive scope of the enhancements.