Thiruvananthapuram is reinventing its property perception. Buyers are now looking for areas in the city with colleges, workplaces, and daily amenities within easy reach, as the city emerges from its traditional demesnes of dwelling.
These are Sreekaryam and Kazhakkoottam.
There are advantages to living in both, but there is something they have in common—they both have practical reasons for people living there. Something to keep in mind if you're thinking of buying Trivandrum apartments. After all, an asset that people want to rent is a much better investment than an asset that looks good in a brochure.
Thrust area of Kazhakkoottam's Technopark.
Visit Kazhakkoottam on a weekday morning for a few minutes, and you understand why the place has taken off. Office-goers and families and students passing non-stop. Who is the major culprit? Technopark, which has helped flow this activity into the neighbourhood.
For someone working in the IT sector, living close to the office is a genuine advantage. That means lesser time on the roads, more time at home. (That's why Kazhakkoottam flats are more in demand from the people coming to Thiruvananthapuram for job.)
The demand is not only for the IT workforce. Young couples and small families, and those moving in from other cities, look at the area, too, because the everyday needs are at their fingertips.
The investment aspect of this is important. A job base is often intrinsically linked to rental demand. If the neighbourhood has a job node near it already, then that neighbourhood has a rental market already.
Varma Suburban in Menamkulam, Kazhakkoottam, is an option for buyers exploring this part of the city. The project offers 2 and 3 BHK apartments and is located approximately 3.7 km from Technopark.
Sreekaryam: A Neighbourhood with More Than One Advantage
Sreekaryam has a different story to tell.
It is not entirely dependent on the IT sector for its residential appeal. The presence of educational institutions, healthcare facilities and established residential communities gives the area wider appeal.
Consider the number of people who need accommodation around this part of the city. There are college students, teaching professionals, healthcare workers and families looking for a convenient place to settle down. Sreekaryam serves many of these requirements.
Its connectivity to places such as Kazhakkoottam, Karyavattom and other parts of Thiruvananthapuram adds to its appeal.
For investors, a neighbourhood with different types of potential tenants can be worth considering. There may be more than one employment or lifestyle segment from which rental inquiries originate.
Explore this residential development, Varma Sreekaryam. Buyers who like this established neighbourhood will be drawn to the 2 and 3 BHK apartments and lifestyle amenities.
But Will These Locations Actually Give You Good Rental Returns?
This is probably the question most property investors want answered.
The honest answer is that location alone cannot determine rental yield. You could buy an apartment in a sought-after neighbourhood and still end up with modest returns if you pay too much for it.
Here is a simple illustration.
Suppose an apartment costs ₹60 lakh and earns ₹20,000 in monthly rent. The annual rental income comes to ₹2.4 lakh. That works out to a gross rental yield of 4%.
The calculation is straightforward:
Annual rent ÷ Property purchase price × 100.
Of course, the actual return will be lower after accounting for maintenance, property taxes, repairs and periods when the apartment remains vacant.
Before buying, spend some time understanding the rental market in the immediate neighbourhood. Ask local brokers what tenants are looking for. Compare rents for similar-sized apartments. Check how long properties usually remain vacant between tenants.
These small checks are often more useful than broad claims about a location being an investment hotspot.
Two Locations, Two Different Investment Stories
So, should you choose Kazhakkoottam or Sreekaryam?
If your investment decision revolves around Technopark and the IT workforce, Kazhakkoottam has a fairly obvious advantage. It is a location where proximity to employment is an important part of its residential appeal.
Sreekaryam, on the other hand, has a wider residential character. Its educational institutions, healthcare access and established neighbourhood environment make it attractive to a different mix of people.
Neither location is automatically better than the other. The rentability of an apartment is influenced by its price, floor plan, build quality and maintenance plans.
And one more thing: do not buy a property simply because someone promises excellent rental returns. Check the figures yourself. A sensible purchase price and realistic rental expectations are a much better starting point.
Frequently Asked Questions
1. Is Kazhakkoottam a good place to invest in apartments in Trivandrum?
Especially, Kazhakkoottam is worth considering as it is close to Technopark. The IT workforce and related commercial development represent a potential tenant pool for residential apartments.
2. Why is Sreekaryam popular among apartment buyers?
Sreekaryam is well-connected with educational institutions, hospitals and other residential facilities. It’s a smart choice for families and working professionals who appreciate an established neighbourhood.
3. Which is better for rental income, Kazhakkoottam or Sreekaryam?
Kazhakkoottam is likely to appeal more to IT professionals while Sreekaryam has a wider residential audience. The best option depends on the price of the apartment and the expected demand for tenants and the rent.
4. Are 2 BHK apartments a good investment in Trivandrum?
A 2 BHK apartment can attract young couples, working professionals and smaller families. But before you decide, it's important to compare local rental demand and purchase prices.
5. How can I find apartments near Technopark for investment?
Start by exploring Kazhakkoottam and nearby residential locations. Compare project locations, apartment configurations, construction quality and actual rental rates. Also verify RERA registration and property documentation.
Flats To Rent in Thiruvananthapuram? Try Varma Homes
Most of the time, when people invest in something, they quite rarely speak about finding a place which everybody talks about. It's about finding a location that makes sense to the very people that are going to go on and live in the property.
That's the interesting thing about Kazhakkoottam and Sreekaryam. Both have residential benefits that one should consider while on a property hunt in the capital.
We at Varma Homes believe that buying a home is a decision that goes beyond 4 walls. Projects like Varma Suburban and Varma Sreekaryam at Kazhakkoottam and Sreekaryam are well-planned residential projects.
Browse their inventory. Visit www.varmahomes.com and get in touch with the Varma Homes team about your next house or property investment: