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Real Estate Trends in Trivandrum

In Trivandrum, Kerala’s capital, the real estate market is seeing major changes. It's becoming an attractive spot for both buyers and renters.

Market Trends and Demand

There is a big increase in demand for homes, fueled by growth in the IT industry and a rising population. This increase in demand should keep growing, supported by Trivandrum's economic advancements, especially in manufacturing and services.

Property Costs

Property costs in Trivandrum are climbing. The average price per square foot for living spaces is around ₹ 5,763, and lower-cost options start at ₹ 2,295 per square foot. In upscale areas, luxury places can reach up to ₹ 12,000-13,000 per square foot. Typical zones might see prices about ₹ 8,000 per square foot. Suburban zones have lower prices—usually from ₹ 5,000 to ₹ 6,000 per square foot.

Rental Market

Trivandrum’s rental market is booming. Costs vary greatly depending on location, size, and features. Rentals start at ₹ 2,000 per month for small units, and higher-end places can go up to ₹ 65,000 per month. Popular spots for rents include Kazhakoottam, Pattom, and Sasthamangalam, famous for good amenities and ease of access.

Investment Chances

Real estate investment in Trivandrum looks great due to the city’s strong economy, powered by the IT, tourism, and education industries. The success of Technopark has increased the demand for quality living areas, promising steady rental revenue and significant property value increase. Investors can foresee around 20% boost in their investment over a relatively short time, even before the structures get completed.

Facilities and Lifestyle

Trivandrum has excellent infrastructure, such as roads, schools, medical centers, and entertainment venues, which boost the life quality here. Its cultural richness, stunning scenery, and calm environment appeal to those seeking peaceful living combined with modern comforts.

Future Plans

The city will see much development in the future with planned housing and business projects, along with infrastructure boosts and urban expansion. Projects like government's Smart City initiative and Technopark expansion are further boosting real estate, making Trivandrum a tempting and profitable investment hub.

PropertyWala’s Decision

Trivandrum stands out for both property buyers and renters, with its buzzing real estate market, solid investment options, and expanding infrastructure. A rising economy fueled by sectors like IT and tourism leads to a constant property demand, ensuring value growth and stable rental incomes. If you're hunting for a long-term investment or a cozy home, Trivandrum brings a hopeful and rewarding opportunity in the property market.