Why Trivandrum and Kochi Are the Hotspots for Residential Investments in Kerala?

Kerala is known for its tourism, high literacy rate and high NRI population living abroad. The major cities of the state like Kochi and Trivandrum have been selected for smart city initiatives by the government. The rise or urbanisation, infrastructure development and economic development are fuelling the real state growth. The residential real estate market is witnessing the development of many luxury properties in the major cities while commercial real estate is supported by the growing IT and related sectors. All these factors influence the real estate market positively attracting major investments.

In this blog we will look at two major cities of the state closely for their attractiveness for investments.

Kochi

Kochi is a major economic center of Kerala. This natural sea port city is ideally located for trade and commerce which are taking flight with the economic growth. It is well connected to the rest of the state and major national and international trade and business hubs. Major MNCs from industries like IT and ITES, retail, ship building and travel & tourism have set up their offices in Kochi.

The infrastructure development and government initiatives have made Kochi one of the best places to live. All these reasons are responsible for the real estate boom in the city. Kochi is an ideal location to invest in as the demand for real estate is estimated to be high in the coming years. The cost of real estate is lower than other major options like Bengaluru and Chennai. The returns are expected to be good with the rising demand for housing by the growing working population in the city.

Trivandrum

Kerala’s capital city is also an upcoming real estate investment hub. It is home to one of the largest IT parks in the country – “Technopark” which is home to more than 350 Indian and international IT companies.  The demand for housing by working professionals will continue to be high in the coming years. The improving infrastructure & connectivity developments have created new residential and commercial projects for investors. Builders in Trivandrum are constructing luxury flats in Trivandrum to meet their growing demand. Investors can expect good returns from 2 BHK flats in Trivandrum which are in demand by tenants and well as homebuyers.

Economic growth, rising urbanisation and increasing incomes are driving the demand for real estate in Kochi and Trivandrum. Trivandrum builders are building world class projects with the best amenities and facilities to attract investors. This is the best opportunity to invest for long-term returns.