Top Residential Areas in Trivandrum

Posted onDec 26, 2023

The Growing Demand for Real Estate in Thiruvananthapuram

Kerala’s real estate sector is booming, and how. There is a massive demand for quality, affordable housing thanks to the rapid strides the state has made in the tourism, finance, and IT sectors. Both potential homeowners and investors are making a beeline for Kerala to take advantage of the favourable conditions in the real estate market here. 

Trivandrum being the capital of Kerala, is home to several reputed institutions like the Vikram Sarabhai Space Centre, Central Tuber Crops Research Institute, Institute of Biology and Clinical Research (IBCR), and many more. It is the focal point of the Malayalam film industry, and also has several world-famous healthcare institutions and educational institutions. Recently, the city is also emerging as an important IT hub in Kerala, thanks to the establishment of IT parks and Cyber Parks, both private and public, and various facilities like incubation, easy loans, training programs and so on, offered to startups. All these factors combine to make Thiruvananthapuram very appealing to homeowners and investors.

With all major government offices located here, there are thousands of people who come to Trivandrum for work, and eventually settle here. Along with the dozens of reputed degree and professional colleges in all disciplines, the Space Centre, and numerous research institutions, it’s also an emerging IT hub. Trivandrum is also a major centre for the Malayalam film industry. The international airport has excellent connectivity with major cities abroad and almost all big cities in the country. All of these factors have made Trivandrum an extremely attractive place to invest in real estate. 

Previously, we have seen how Thrissur was a surprising entrant into the booming real estate market of Kerala, and how it is keeping in step with bigger cities like Kochi and Kozhikode to become a much sought-after residential destination in Kerala. Similarly, the Real estate market Trends Trivandrum show us that the capital city is growing even more rapidly than the other cities. The importance of Thiruvananthapuram has been increasing with every year - it has after all been culturally, politically, and historically important from the early days. That upward trend is continuing today as well.

Let us now examine some of the top residential areas in Trivandrum:

Sreekaryam

Sreekaryam is a centrally located area in Trivandrum, about 11 km from the railway station and is among the most preferred residential localities in the city due to the following reasons:

Location and Connectivity

The region is well-connected to other parts of Trivandrum and the rest of the state via an excellent network of highways and arterial roads. The Kochuveli railway station and the international airport are also within reasonable distance of the locality

Residential Developments

Several notable real estate builders have launched prestigious projects in the locality. Varma Homes has a luxury 2 and 3 BHK apartment building project in Sreekaryam. It is a state-of-the-art building with all the conveniences and comforts of modern living that one can expect to see in any flat In Thiruvananthapuram. Elevate your lifestyle with Varma Sreekaryam, with top-notch amenities like health club, swimming pool, terrace garden, rooftop play area, sustainable living initiatives like solar energy, recreation hall, rooftop party area, special children’s play are and a lot more. Residents can enjoy convenience and security in this gated living space in the heart of Trivandrum.

Lifestyle and Amenities

It is close to several important institutions like the ICAR, College of Engineering, educational institutions, renowned hospital like KIMS, Akkulam tourist village, and more. Shopaholics will be delighted to know that the Lulu Mall is also close by, where they can shop for premium local and global brands and enjoy eclectic cuisine.Additionally, there are several stores selling essentials nearby.

Investment Potential

The Sreekaryam area of Trivandrum has tremendous scope for investment, seeing how many important and reputed institutions are situated there. The presence of notable real estate projects adds makes it an even more attractive option for investors, as the value of the real estate properties there is sure to shoot up in the future.

Kazhakkoottam

Kazhakkoottam is a major suburb of Thiruvananthapuram and top residential areas in Trivandrum. It is also the fastest growing locality of Trivandrum. As an investor, your  real estate Investments strategies in Trivandrum should seriously consider Kazhakkoottam to add to your portfolio.

The IT Influence

Kazhakkoottam is home to the largest IT Park in India with regard to developed area.Both the Technopark and Technocity are located in the area, earning Kazhakkoottam the moniker of the IT capital of the state. Technocity is a planned IT township and is expected to be a world-class facility that will support and sustain the growth of the IT industry here. This has led to a sudden and heightened demand for residential projects, as entrepreneurs and professionals in the IT field are moving to Trivandrum from other cities to take advantage of the burgeoning opportunities in the industry. 

Infrastructure and Development

Kazhakkoottam is situated along the National Highway NH 66 and also has state highways and other major roads running through it. As mentioned earlier, it is home to massive IT infrastructure in the form of IT parks. The Vikram Sarabhai Space Centre is also situated there. Other notable places include the Greenfield Stadium, major malls like the Lulu Mall, reputed primary and higher educational and healthcare institutions, Thumba beach, and so on The international airport is also with reasonable proximity to Kazhakkoottam. 

Community and Culture

It is a historically significant place, being the power centre of one of the Ettuveettil Pillamar, Ugran Pillai. The ancient Mahadeva Temple, believed to be at least over a thousand years old, is a revered place that beckons thousands of devotees. The Aaraattu festival attracts hordes of visitors in the Malayalam month of Medam.

Real Estate Trends

Real estate is very much in demand in Kazhakkoottam, primarily because of the boom of the IT industry. Once the IT township is ready, it is expected that the demand for quality, secure, and affordable housing will soar even more. If you are an investor looking to make a substantial gain, this is the ideal time to invest. If you’re a prospective homeowner, there’s no time like the present to book apartments in Trivandrum.

Varma Suburban is one of the most prestigious real-estate projects in Kazhakkoottam. It is ideally located, with proximity to major roads, markets, hospitals, and schools. The building consists of luxury 3 and 4 bedroom flats that are thoughtfully laid out, and provide the residents with every conceivable amenity that allow them to take their living style to the next level.

Poojappura

Renowned for being the place where the Maharaja of Travancore would come to worship during the Mahanavami celebrations, Poojappura is a suburb in Trivandrum and it derives its name from the historic worship, or pooja, that the king used to perform there. It is famed for the spectacular Kavadi procession on Dussehra or Vijayadasami day. Hundreds of colourful and elaborate kavadis can be seen on the day.

 The region is also famous as the house of the Central Jail of Kerala, which was built in the days of the British Raj.

Today Poojappura is a green and tranquil place that offers its residents a breath of fresh air while still being close enough to the city.

Varma Homes has two outstanding apartment buildings in Poojappura - Varma Dr. Pai’s Legacy and Varma Dr. Pai’s heritage. Both projects offer superior 2 and 3 BHK flats with all the trappings of modern convenience. 

Lifestyle Comparison

Both Sreekaryam and Kazhakkoottam are located within 7 to 9 km of each other, and the amenities available in both these localities are more or less similar: huge malls and shopping centres, major educational institutions, state-of-the-art hospitals, and so on are in abundance. Both these areas are centrally located and are strategically close to IT parks, research institutions, and so on. Poojappura is slightly different from them, and offers tranquil, serene living spaces, away from the maddening rush of the city, and yet, not too far away. It’s the ideal place where one can relax after a hectic day in the office. 

Investment Perspective

All the top residential areas of Thiruvananthapuram have got immense potential for investment, as there is no doubt that the value will appreciate in the coming future. The real estate market is dynamic and complex, and you need to have clear strategies to navigate it. As an investor, you can purchase a flat and re-sell it when the market goes up in a few years and make a good profit, or give it out on rent and earn a steady income month on month. As a homeowner, you can book flats in Trivandrum when they are still not complete or have just completed, as you are more likely to get some special offers.

To Wind Up

Trivandrum, the state capital of Kerala is rapidly developing in all directions, majorly due to the booming IT industry, which has been propped up by the robust infrastructure and schemes launched to support it. 

The top residential areas in Trivandrum are Sreekaryam, Kazhakkoottam, and Poojappura. Each locality has got inherent advantages for real-estate development, proximity to the IT hubs, reputed institutions, and tranquil locations being some of them.

When you’re formulating your real estate strategies in Trivandrum, it is critical to consider the timing of your investment. It is imperative that you enter the market at the right time so that you are able to maximize your returns. Right now, though the real-estate market is booming, it is still affordable. With the passage of time, the prices are likely to go much higher, making it difficult for middle-class families or small investors to afford property. This is the perfect time - don’t miss out on a golden opportunity.