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Thiruvananthapuram, south India's knowledge city

Thiruvananthapuram, south India's knowledge city

Kerala's capital is fast emerging as an important knowledge city of south India and is rated high among tier II cities for its improved infrastructure.

Kerala's capital is fast emerging as an important knowledge city of south India and is rated high among tier II cities for its improved infrastructure.

Enlarged map

Price Propellers

Some upcoming projects that could influence real estate prices in future

1. Technopark

With the creation of additional 2 lakh sq ft space in Phase 2 and a Technocity on a 500 acre campus, the number of companies is likely to go up to 110 and working professionals to 30,000

2. Transport Infrastructure

Inner and outer ring roads and new international terminal at the airport will significantly improve connectivity within and to the city

3. SEZs

Manufacturing is gaining prominence with improved investment opportunities and projects like KINFRA Apparel Park, Film and Video Park and Automobile Park

Integrated Mass Transport Project

 

The project, to be executed under Jawaharlal Nehru National Urban Renewal Mission, will create a 52-km network of roads by combining 7 major traffic corridors

New Residential Projects

BuilderProjectLocationPrice (Rs)*
Oceanus DwellingsSerenityKulathoor28 lakh
Relcon PropertiesRelcon ResidencyPattom35 lakh
Artech GroupSamrudhi LakeviewAkkulam35 lakh
Skyline FoundationsCarltonAmbalamukku36 lakh
Condor BuildersMarigoldVazhuthacaud51 lakh
Nikunjam Const.FortuneKowdiar53 lakh
*Average price of a 3-bedroom apartment

The residential real estate is fast emerging from being end-user driven to investment driven.That has pushed up prices significantly

Retail Space Distribution by 2008

MG Road45%
Kazhakutam-Kovalam Bypass20%
Pattom15%
Vashutacaud10%
Akkulam10%
Total retail space supply by 2008: 2 million sq ft

Scarcity of land along MG Road, the central business district of the city, has led to developments in suburbs like Kazhakutam

Buying Options

AreaCheapPriceExpensivePrice
CentralPattom2200Kowdiar3000
NorthKazhakutam1400Ulloor2000
EastThirumala1800Kesavadasapuram2400
SouthThiruvallom1500Vizhinjam1900
Prices of residential properties in Rs/sq ft

Price Change

Average percentage price change in 2006 and 2007 (expected)

Region20062007
North30%25%
East20%10%
South25%15%
Central30%15%