The realty segment in Kerala has always attracted many Non-Resident Indians (NRIs) majorly for the fact that for most of them, it is their homeland. However, other than the strong emotional connect there are several other benefits that the NRIs gain by investing in the real estate of Kerala. Right from being a stable second source of income to a dream retirement home, NRIs real estate investment goals are varied.
Trivandrum, the capital of Kerala is one of the prime areas of real estate Investment owing to its rapid growth and development. While few NRIs would look at luxurious apartment spaces in the city, there are few who consider other specific areas in and around Trivandrum. Here are few places in Trivandrum that’s considered as a real estate investment hotspot for NRIs –
1) Kazhakkoottam, Trivandrum
Tagged as the new Trivandrum and one of the most happening places in the city, Kazhakkoottam has seen exponential growth in the last decade. This growth is directly linked to Trivandrum becoming one of the most prominent IT hubs in the country with Kerala’s first IT park, Technopark located in Kazhakkoottam. There are over 60,000 people working at Technopark. Potential investors always focus on developing and growing markets making Kazhakkoottam one of the prime real estate hotspots in the city. Not to mention the other major attractions like Vikram Sarabhai Space Centre and Trivandrum International Stadium (Greenfield Stadium) which is located within the proximity of the place. Also, owing to its rapid growth the return on investment in the region is high.
2) Sasthamangalam, Trivandrum
One of the most popular residential areas in the city, Sasthamangalam is a real estate hotspot due to its accessibility to major attractions in the city. Trivandrum Central Railway Station and the famous Thampanoor Bus Station is less than 5kms away from Sasthamangalam. Also, all major social infrastructures viz. hospitals, banks, shopping centres etc. are located at the place.
3) Kumarapuram, Trivandrum
Popularly known as Doctor’s colony because of the number of medics staying in the location, Kumarapuram has almost everything in the vicinity. The place is also very well connected to Trivandrum city which has given a boost to the real estate prices in the area. Right from Kerala Institute of Medical Sciences (KIMS), Government Medical College, GG Hospital to Cosmopolitan Hospital, all major hospitals in the city are located within a stone’s throw away distance from the place.
4) Kowdiar, Trivandrum
Owing to the rich history of Kowdiar palace, Kowdiar is labelled as the most prestigious part of the city. The place also hosts one of the oldest golf courses in India, Trivandrum Golf club. Being one of the elite addresses in the city, real estate prices of Kowdiar are skyrocketing making it a real estate investment hotspot.
The aforementioned places are the best spots in Trivandrum for real estate investment that would yield you right returns. Heather Homes, one of the most trusted and leading builders in Trivandrum with a legacy of 25 years, offer varied apartment ranges from luxury to affordable luxury in all of the above-said locations.
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