What are the factors driving the real estate market of Trivandrum?

Trivandrum, the capital city of God’s own country - Kerala is seeing rapid growth and developments in all angles. The city continues to be the top performer in the software market. The presence of a strong IT hub has contributed to the growth of the residential market. Vizhinjam Sea Port will contribute to the growth of the real estate sector in the city. A trans-shipment terminal worth about INR 4000 crore is coming up at Vizhinjam. The localities around the port are to witness good capital gains. Micro markets such as Vazhuthacaud, Vattiyoorkavu and Sasthamangalam will be the major beneficiaries of the project. These areas have started to witness good price appreciation. The project, once implemented will contribute to the development of the areas located around. The real estate market will see a rapid growth in these areas. Neyyatinkara has seen increased residential real estate activities. Developers have started to acquire land within a radius of 3 square kilometers of the upcoming Vizhinjam port project. The commercial market in these areas is expected to witness high growth as a number of service and finance companies will look to start their operations from here. The city is a favorite among the young IT professionals. Technopark at Karyavattom is one of the major contributors to the increased demand for the residential properties located in and around the micro market. According to a recent survey, Trivandrum has joined the list of top performers on the quality of governance. This clearly states that the city will continue to give a better quality of life to the residents over a mid to long term. The city has successfully found a place in the second list of cities for the smart city project. The proposed light metro project will enhance the connectivity of the city. This will make an impact on the real estate market of the localities along the corridor. Investing in these micro markets will give good returns. These areas will witness good property price appreciation in a mid to long term. The market has a number of reputed educational institutions and healthcare units. This contributes to the increase in demand for the rental market. The city has a number of projects from the reputed builders. Few of the reputed builders with the projects in the city are Confident Group, Indroyal Properties, Sreedhanya Homes, Cordial Foundation and much more. Some of the prominent projects by these builders are Confident Floris by Confident Group, Indroyal The Uptown by Indroyal Properties, Sree Dhanya La Poshe by Sreedhanya Homes, etc. If you are looking for apartments in Trivandrum, then, you can consider Confident Floris, an apartment project developed by Confident Group. This is one of the luxury projects from the developer at Poojappura. The project offers 2 BHK and 3 BHK apartments in an 18 storeyed building. The project comes with amenities such as multipurpose gym, visitors lobby, games room, intercom facility, table tennis and lots more. The city has a number of villa and apartment projects. Most of the younger generation prefers apartments over villas whereas the retired professionals, government employees and NRIs prefer villa over an apartment.