If you are exploring real estate investment strategies in Thrissur, then you should know that the location of the property is of utmost importance. Whether you are thinking of buying for your own use or as an investment, the location needs to be carefully researched. Great locations offer comfort and convenience, reduce commute, provide tranquillity, have necessary infrastructure, and so on.
If you’re looking to rent out your flat, you need to look at localities where there is likely to be a high demand for rental properties.
Here is a list of places where Thrissur's exploding rental market is focused:
The Thrissur Round or Swaraj Round as it is also called, is the most famous area in Thrissur. It is a 2 km long circular road in the centre of the city, and it surrounds the Thekkinkaadu Maidan and the Vadakkumnathan Temple. It is at the core of the city for commerce, culture, and celebrations, especially the Thrissur Pooram.
Swaraj Round is an integral part of the city’s urban fabric and serves as the centre for several local events. It’s definitely a prestigious address to have as far as residences are concerned.
With markets, offices, healthcare and education facilities in proximity, it also reduces commute substantially, making it a coveted residential area. Downtown by Varma is a project built with a focus on sustainability and featuring the best amenities that you would want in an apartment.
If it is peaceful living that you want, choose the beautiful location of Poochatti. 7 km from the centre of the city, Poochatti is a refreshing change, while still offering the comforts of modern living.
It is named for the people who settled here originally pot makers. Abundant greenery, excellent connectivity, and proximity to top-notch schools like Bhavan’s Vidya Mandir, make it a choice destination. Hospitals, markets, banks, and places of worship are also present, making it a complete residential locality. Varma Spectrum from Varma Homes offers superior 2 and 3 BHK apartments in the locality, situated close to the main highway.
Situated on the banks of the Chalakkudi river, this Thrissur locality is a hub for travellers wishing to explore the Athirappally waterfalls. Its proximity to the national highway and the railway station ensure its connectivity to the rest of the state. As there are dozens of reputed schools and colleges, Chalakkudi is ideal for families with young children.
The name signifies a coming together of two rivers. Home to a large number of government and law enforcement offices, courts, and other important institutions, Irinjalakkuda is a vital town in Thrissur. As government employees are frequently transferred, you can be sure to have a high demand for rental properties in this town. It also has a rich cultural heritage.
One of the border towns of Thrissur, Kunnamkulam is famous as a manufacturing and trading hub, and also has a large NRI population. It has a tradition of religious harmony and historical heritage that makes it attractive for newcomers to settle. It is also famed for its socio-economic empowerment initiatives which encourages entrepreneurs to set up businesses.
Koratty has a vibrant IT ecosystem with its huge IT park that has a large number of startups and established companies, employing hundreds of people. Many of them are from out of the city, and this drives the demand for rental properties.
An important part of the city’s administrative infrastructure, Ayyanthole is also a much favoured residential area. The presence of a large football ground makes it an attractive destination for sports lovers. The area has strong infrastructure, and hence investors have the potential to earn high ROI on residential and commercial spaces.
Understanding the Benefits Of Homeownership Vs. Renting In Thrissur can help you make a well-informed decision. Whether you want to own your home or rent depends on your situation and needs. If you are unsure about living in that city or a specific locality, renting may be the better short-term choice. However, if you are confident that this is where you want to settle, buying is the smarter long-term option. Moreover, when you buy a flat, you can always give it on rent and earn a passive income even if you have to move elsewhere later.
Whether you want to buy a flat purely to rent it out or for your own use, the locality is critical. It is essential that you research the properties well before finalizing.
Varma Homes has some of the most beautiful apartment projects in the best residential areas of Thrissur. Check them out now.
Understanding the Benefits Of Homeownership Vs. Renting In Thrissur helps you make the right investment. Browse trusted builders offering beautiful Apartments in Thrissur and step into a future of financial security.
What are the main benefits of homeownership in Thrissur?
Owning a home in Thrissur provides long-term financial stability, potential property appreciation, and a sense of security. Homeowners can also generate rental income and build equity over time key advantages that make buying more beneficial than renting for long-term residents.
When is renting a better option than buying in Thrissur?
Renting is ideal if you’re unsure about settling in Thrissur or plan to relocate in the near future. It offers flexibility and lower upfront costs, allowing you to experience different neighborhoods before making a long-term investment decision.
Are Apartments in Thrissur a good investment for homeowners?
Yes, investing in Apartments in Thrissur can be a smart financial move. They are in high demand due to Thrissur’s growing infrastructure, cultural importance, and rental potential. Apartments offer modern amenities and the opportunity to earn steady passive income if you decide to rent them out.