With the world becoming a global village and a well-traveled population being present in Trivandrum, there has been a consequent rise in demand for luxury real estate in the city. Access to higher and increasingly disposable salaries has meant that people now have the financial clout to pick and choose when it comes to selecting their home. With fewer responsibilities and smaller family sizes, homebuyers can now afford to spend more on their dream home.
While many would prefer to buy ready-made homes – whether they are luxury villas or apartments in Trivandrum, there are others who have specific designs for their dream home in mind and want their homes to stand out. Such people don’t want a mass-produced home, but one that is unique in all its luxurious splendor! To fulfill such exclusive dreams, the best way out is to invest in premium residential plots in Trivandrum, and when the time is right, you can construct your dream home on it, according to your convenience. Some of the factors behind the rise in luxury real estate include:
The driving factor behind the demand for luxury real estate in Trivandrum has been the massive growth in infrastructure that the city has been witnessing. Aside from the Vizhinjam harbor project, the Outer Ring Road (ORR) project, the Trivandrum Light Metro rail system and the rapidly expanding IT hubs – Technopark and Techno City, are some of the other major developments upcoming in Trivandrum. These are boosting the real estate industry as well as its economic growth as a larger population of well-traveled professionals moves into the city in search of career opportunities. These people know about the potentials in a rapidly-developing city and likewise prefer to invest their disposable incomes in luxury real estate – as its only going to go up in value.
Trivandrum is a much-sought-after city and offers its muti-cultural residents a vibrant lifestyle. Numerous domestic and multinational companies in Technopark and Techno City, Bio 360 Life Sciences Park, KINFRA, KELTRON, VSSC, etc., are home to well-paid professionals who know what good living is all about – and they expect the very best in their homes too. They are some of the reasons why there is a spurt in demand for luxury real estate in Trivandrum. These people also realize the importance of investing in prime property while its still a buyer’s market, and reap the benefits over the long term.
Trivandrum not only offers a variety of options when it comes to buying homes, but a number of premium builders too, who are in the fray with outstanding projects – whether its for villas, apartments or residential plots. The latest trend offered by top builders are residential plots located within gated communities. By buying such residential plots, you get to enjoy all the benefits of luxurious amenities as well as 24×7 security that goes hand-in-hand with gated community living – while still enjoying the charm of having a self-designed home!
Builders evolve in response to homebuyers needs. The driving force between the new era of luxury homes is in response to advances in building technologies, evolution and application of artificial intelligence in modern homes and the need for more sophisticated homes with premium facilities and amenities. There are new residential projects being launched every year in Trivandrum to fulfill the demand for affordable, luxury and ultra-luxury residences. When choosing a property in Trivandrum, buy from a branded builder and ensure the best in quality.
For those on the lookout to buy villa plots in Trivandrum, do check out the ‘Emerald Hills’ project by PPD. It’s an 11-acre gated community project with 63 plot pockets with sizes starting from 4.5 cents onwards. Situated on a gently-sloping hillock in Venkode, it’s close to the city, yet far enough to be away from the pollution. It comes with inner lanes, sidewalks, avenue trees, streetlights, storm drains and underground water and electricity provisions already in place. Amenities include a clubhouse, kid’s park, futsal court and a gym too!
Do come and have a look!