Why Demand for Flats in Thrissur Remains Strong Despite Tech Layoffs

Posted onSep 01, 2025

There was a lot of panic and buzz in the real estate industry across the country recently, when TCS announced it was laying off several employees; there was also the news of many IT startups folding. The reason being, that builders in many major cities in India depended greatly on the IT boom to increase sales of their flats; especially cities like Hyderabad, Bengaluru, Gurugram, Pune, Noida, and so on. 

They feared that if a large number of people got laid off in the IT industry, there would be no takers for their apartments, and the money they invested in the construction would go to waste. However, it did not create much anxiety in Thrissur, and the demand for flats was largely unaffected by these developments.

The Uniqueness of Thrissur

Thrissur is centrally located in Kerala, and is the cultural hub of the state. It has also been an important centre of trade, commerce, and finance. Kerala’s gold industry, especially wholesale manufacturing, is also mainly concentrated in Thrissur. The city houses several important cultural centres and places of worship. The Vadakkumnathan temple and the Pooram festival associated with it are renowned the world over.

Thrissur also has abundant natural beauty in the form of cascading waterfalls, serene lakes, gushing rivers, sandy beaches, and dense forests that house wildlife sanctuaries.

The city is well-connected by road and rail to the rest of the state and country, and the Nedumbassery Airport is also located close by, connecting Thrissur to the rest of the world.

It is only recently that the IT industry has started emerging in the city. While this opens up the possibilities of future opportunities, the IT industry is not the sole employer in the city. There are a number of small IT companies that are actually doing very well, too. 

All these factors only go to prove that there are plenty of opportunities for entrepreneurship and employment in Thrissur. Additionally, one can live in proximity to nature and divinity and enjoy a tranquil lifestyle, while still enjoying all the trappings of modern life. Also, the cost of living in Thrissur is not as high as in cities like say, Kochi or Calicut. These factors make it an ideal place to settle in.

Therefore, the tech layoffs are not that big a factor impacting demand for flats in Thrissur.

The Benefits Of Real Estate Investment In Thrissur

Value Appreciation

You can be sure that the value of property will appreciate steadily over time, as Thrissur is a city with great potential for growth. If you examine the market trends over the past few years, you will be able to see that the real estate prices have only gone up, as the demand keeps surging. One of the key benefits of real estate investment in Thrissur is that if you were to sell an apartment that you buy now, you can expect to sell it for an excellent profit after a few years.

Rental Possibilities

Any city with the kind of employment opportunities that Thrissur presents, will always have people coming in to live in the city; this floating population will prefer to rent apartments rather than purchase. This means that you can let out your flat and earn a steady monthly income over the years. You should definitely consider this possibility in your real estate investment strategies in Thrissur.

Portfolio Diversification

It is important to diversify your portfolio; keeping all your money in the bank or in shares or mutual funds, is not always a good idea. When your investments are spread across different investment avenues, you mitigate your risk. If any sector performs badly, the loss can be offset by the gains in other sectors.

A Home to Call your Own

If you are investing in a flat for your and your family’s use, it is again a great decision. Having your own home is not only a matter of security, but also prestige, especially when you purchase a premium flat from a reputed builder. You also have a legacy to hand over to the next generation, if needed.

Conclusion

The demand for flats in Thrissur is as strong as ever, and it can be seen from the fact that many projects are sold out even before construction is completed. Varma Homes brings you premium 2 and 3 BHK flats in the best residential areas of the city; with RERA approval and innovative amenities, our flats are comparable to the best in the country.

Looking for the perfect mix of tradition, convenience, and value? Our RERA-approved Flats in Thrissur are designed to give you the best of everything.

FAQs

Why is the demand for flats in Thrissur still strong despite tech layoffs?
The real estate market in Thrissur is not heavily dependent on the IT sector. Unlike cities such as Bengaluru or Hyderabad, Thrissur’s economy is supported by diverse industries like trade, commerce, finance, and gold manufacturing. Additionally, the city’s cultural significance, connectivity, and lifestyle advantages make it a preferred choice for homebuyers, keeping the demand for flats in Thrissur strong.

Is investing in flats in Thrissur a good long-term decision?
Yes. Property values in Thrissur have shown steady appreciation over the years. With growing infrastructure, increasing housing demand, and rental opportunities due to a floating workforce, investing in flats in Thrissur can provide excellent long-term returns and portfolio diversification.

What makes Thrissur better than other cities in Kerala for buying a flat?
Thrissur offers a unique balance of modern living and cultural richness. It has lower living costs compared to Kochi or Calicut, excellent connectivity to the rest of Kerala, and a serene lifestyle surrounded by nature and heritage. This makes flats in Thrissur more attractive for both end-users and investors.