The real-estate market in Thrissur is experiencing a visible shift and one of the major factors behind it is the emergence of IT parks, technology hubs and supporting infrastructure. For home-buyers, investors and builders it means new opportunities and new things to learn and understand. In this blog, we will look at real estate market trends in Thrissur, see how IT parks are impacting the market, and more.
Exploring the Growth of the real estate market trends in Thrissur reveals why the city is rapidly becoming a preferred investment destination. Thrissur, long renowned for its culture, financiers, gold jewellery manufacturing industry, and vibrant business environment, has recently seen a surge in real estate demand. The city’s excellent infrastructure such as strong connectivity, and top-tier educational and healthcare facilities further boosts its appeal.
The average property price stands at around ₹4,808 per sq ft, with rates significantly higher in prime localities. Kerala’s residential sector overall is projected to grow at a CAGR of 8–10%, driven by rising incomes, double-income families, and increasing urbanisation.
Thanks to these factors, Thrissur has made it to the list of “emerging areas to invest.” Figures clearly demonstrate that Thrissur’s real estate market is growing steadily but what exactly is driving that growth?
The development of IT hubs, parks, and offices, and other tech infrastructure, acts as a major driver of real estate growth.
Infopark Thrissur at Koratty is a vast complex that houses a number of established IT firms and startups, and continues to attract more companies every month. This has created many jobs which means that the demand for residential apartments is high.
When more tech-based businesses begin operations, the demand for quality housing in proximity to these parks spirals, as they look to reduce commute. Gated community living, and apartments with innovative amenities are in high demand.
As more jobs are created, there is a greater need for improved infrastructure, like road networks, schools, healthcare, markets, ancillary services, and so on. These developments also help to increase property values in residential zones.
Industry experts opine that the ‘hub-and-spoke’ model of IT park location influences smaller cities like Thrissur, benefitting them even more than big metro cities. For both investors and builders, locations close to IT parks or in well-connected corridors are the most likely to witness robust growth.
It’s vital to focus on residential apartment projects and plot developments in localities most likely to benefit from the tech-ecosystem.
You can expect a steady appreciation rather than sudden spikes. Recent growth rates in the city’s real estate market is about 10-12% per year.
Choose residential neighbourhoods that combine residential living with easy access to tech hubs, markets, schools, and are clean, safe, and green.
You must remember that it’s not just IT professionals, but families seeking upgraded lifestyles who will drive demand. Therefore, you need a combination of lifestyle amenities.
Maximize Your Safety in Thrissur Apartments by choosing homes that prioritize construction quality, legal approvals, and long-term ROI. As demand increases and new projects emerge, it’s essential to protect your interests when purchasing an apartment in Thrissur. Opt for the right location and prefer localities with excellent connectivity to IT parks, reputed schools, hospitals, and major road networks to improve liveability and boost resale value. Ensure the builder maintains strong construction quality, holds RERA approvals, and follows key safety standards like earthquake resistance, fire safety, and clear titles. Focus on lifestyle and security by selecting gated communities with controlled access, CCTV surveillance, proper lighting, and modern amenities like a gym, swimming pool, children’s play areas, multipurpose halls, and sustainable features. Check for future-proof infrastructure, including good roads, backup power, structured parking, and well-planned utilities. Lastly, consider resale potential by consulting property experts to evaluate locality growth areas near tech zones are always in high demand among job seekers and professionals.
While it is true that IT parks are heavily influencing the real estate industry all over India, it is important to remember that there are other drivers as well.
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How are IT parks influencing real estate growth in Thrissur?
IT parks like Infopark Thrissur are creating steady job opportunities, which increases the need for quality residential apartments nearby. This boosts housing demand, encourages infrastructure development, and leads to consistent property value appreciation.
Which areas in Thrissur are best for buying property near tech hubs?
Localities with strong connectivity to Koratty Infopark and other emerging tech corridors are ideal. Areas that offer good access to schools, hospitals, markets, and main road networks typically show better long-term appreciation and higher rental demand.
Is buying an apartment in Thrissur a good long-term investment?
Yes. Thrissur’s real estate market is growing at 10–12% annually, supported by IT development, improved infrastructure, and rising urbanisation. Choosing well-connected neighbourhoods with modern amenities ensures strong ROI and better resale value.