Top Reasons for Property Investment in Trivandrum
Post by : favouritehomes
Trivandrum is the capital city of Kerala and has been witnessing growth in every sector over the past few years. With the city expanding both vertically and horizontally, it is becoming a growing hotbed for property investments too. There are multiple factors contributing to this increasing focus on real estate. Here is a look at some top reasons:
Being the capital of Kerala state and home to the seat of government, there is easy availability of good roads and utilities such as water and electricity. There are also a number of premier educational institutions and multi-speciality hospitals along with places for entertainment, including world-class malls.
Trivandrum will soon be getting its own metro rail system (Light metro) which is expected to improve the quality of life for its populace and improve growth of the city. The upcoming Vizhinjam port is further touted to boost the city’s economy and growth. All these factors will lead to growth in the real estate market.
Trivandrum’s IT hub, Technopark, is in an expansion mode and touted to soon become the largest in the country. There are over 350 Indian and multi-national companies operating out of Technopark currently, and employing over 60,000 professionals from across the country. This translates to a greater need for homes to house the growing population.
Trivandrum’s IT hub is currently driving the rise in job opportunities and boosting growth in other sectors as well. This includes a multi-fold increase in demand for properties to invest in too.
With an increasingly multi-cultural society, Trivandrum is fast headed towards becoming a cosmopolitan city. Lifestyles are also changing with the influx of multiple international food chain outlets, numerous malls and multiplexes. All this and more makes Trivandrum a great place to invest in property.
Nestled on 7 undulating green hills, Trivandrum is blessed with a bounty of natural beauty spots including a number of attractive beaches. Having been the capital of the erstwhile Kingdom of Travancore, the city is also home to numerous beautiful old buildings and tourism spots for both domestic and international tourists.
With so much happening in Trivandrum, no wonder it’s a hot property investment destination today!