Thiruvananthapuram or Trivandrum, what’s in a name? It’s all in the city, in what it offers in terms of growth, development, education, diversification, business, amenities, safety and appreciation of your investment.
Taking into consideration the above points Trivandrum is a city to contemplate. A steady government with excellent policies has brought a rise in money supply with the administration gaining a stronghold for the first time in ten years. Kerala is vying to attract foreign investments with improvements in highways, ports, telecom, power, airport and security.
The concept of Techno Park, a unique combination of building, infrastructure, power, connectivity, growth and safety is excellent. Rated as the best in terms of infrastructure amongst the tier II metros of the country, Trivandrum has the additional benefit of availability of low cost and highly qualified talent and expertise. The cost to the investor at this stage is minimal with potential for great appreciation.
With the boom in the IT sector, the cost of real estate has increased over the years and both commercial and residential properties are seeing high rates of appreciation. In Kazhakootam, the location of the highly-acclaimed Techno Park, the demand is ever increasing. Demand is expected to grow further with the construction of a new bypass and growing campuses around the existing Techno Park. The development of the port and the new international container trans-shipment terminal there has the potential to attract business and boost all round growth. This will inflate the already growing real estate market.
With more than 50 residential projects under various stages of construction, some select places have seen 100% appreciation in less than a decade. Companies from the United States, Europe and the Far East are occupying offices in the Techno Park campus. Infosys has taken 50 acres of land in phase two of the Park and is said to be constructing a 2-million square feet building, expecting to employ 18,000 people. Techno City, a 500-acre campus less than 5 kilometers from Techno Park and adjacent to National Highway 47, offers good investment opportunities.
A quality life combined with growth potential is making land scarce. Demand is far more than supply, taking rentals to unimaginable levels. Get your piece of the pie before it’s too late!
Many NRI early birds have bought apartments here and are now enjoying high returns on investment. Are you one of them? What are your views on owning property in tier II cities of the country?
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