Upcoming Trends in Real Estate Trivandrum For 2024-25

Thiruvananthapuram, or Trivandrum, the capital city of Kerala, has emerged as a hub for real estate investments in recent years. The city is considered as a historic city steeped in rich heritage and culture. It also serves as a captivating destination that attracts numerous tourists annually. With its growing economy, infrastructure development, and increasing demand for housing, Trivandrum has become a highly desired destination for homebuyers and investors. In this blog, we will explore the upcoming trends in the real estate Trivandrum for 2024-25. More focus will be placed on the trend of real estate marketing. The factors affecting the market, future projects, and value increase in properties.

Trend of Real Estate Marketing in Trivandrum Overview

The real estate in Trivandrum district has evolved significantly over the years, with a shift towards digital marketing and online platforms. Buyers increasingly search and purchase properties online, driven by the growing use of smartphones and the internet. Real estate developers and agents are now using social media, online advertising, and property portals to reach potential buyers, keeping pace with the latest trends in Trivandrum. Also the effective use of digital marketing strategies has enabled real estate professionals to target their audience more accurately, increasing the chances of converting leads into sales. By staying up-to-date with the latest trends Trivandrum has to offer, real estate developers and agents can stay ahead of the competition and capitalise on emerging opportunities.

For Residential Properties

The demand for residential properties in Trivandrum is on the rise, driven by the growing IT sector and increasing population. Trends include:

• Growing Sustainability and Green Building: Firstly, with the increasing awareness of environmental concerns. Homebuyers are now looking for eco-friendly and sustainable construction materials and design features to promote energy efficiency.
• Gated Communities: Additionally the rise of gated communities and townships is providing a secure and community-driven lifestyle with additional amenities like swimming pools, gyms, and clubhouses.
• IT Hub Proximity: Moreover, the demand for homes near major IT hubs like Technopark is increasing with improving development in nearby areas.
• Modern Amenities: Homebuyers are now looking for modern amenities like landscape gardens, well-designed common areas, and expert security systems.
• Affordable Housing: Meanwhile there is a growing trend towards more affordable housing options with lower mortgage rates.
• Luxury Apartments: Also the demand for luxury and premium properties is increasing, with a focus on high-end amenities and lifestyle.
• Landscape Design: Lastly, the significance attributed to landscaping and aesthetic considerations in residential developments is increasing.

For Commercial Properties

The Kerala real estate market is expected to continue growing, with increasing demand for commercial properties. Some trends in the Trivandrum real estate market include:

• Commercial Properties: Moreover the growth of the manufacturing and service sectors is expected to increase demand for commercial properties.
• Demand for Sustainable Construction: Also there is  growing demand for sustainable and green construction and amenities.
• Property Price Appreciation: Property prices for commercial areas close to IT hubs have increased considerably over the past decade.
• Infrastructure Development: Major infrastructure real estate projects in Trivandrum like Vizhinjam Port, Technopark Phase III. And also there are other developments which are in various stages.
• Industrial Campus Development: Lastly, the developing industrial campuses like Technocity and Bio 360 Life Science are attracting more companies, professionals each year.

Factors Affecting Real Estate in Trivandrum

Also there are several factors that are impacting the real estate market in Trivandrum, including:

• Government Policies and Regulations: Firstly the government’s policies and regulations, such as the Real Estate (Regulation and Development) Act (RERA), are expected to increase transparency and accountability in the real estate market. By these making it more attractive to investors and buyers.
• Infrastructure Development and Connectivity: The development of infrastructure like roads, metro, and the airport is enhancing Trivandrum’s connectivity and accessibility, making it more attractive to investors and buyers.
• Economic Growth and Job Market: The IT and manufacturing sectors in Trivandrum, with their expanding economy and job market, are expected to drive the demand for housing and commercial spaces.
• Environmental Concerns and Sustainability: Increasing awareness of environmental issues is likely to result in a rise in demand for green and environmentally friendly buildings in Trivandrum.
• Demographic Changes and Population Growth: Changing demographics and population growth in Trivandrum are increasing demand for housing and commercial spaces. Especially in areas with good connectivity and amenities.
• Technological Advancements: The rise of technology, including online platforms and digital marketing, is making it easier for buyers and investors. By this to search for and purchase properties in Trivandrum became more convenient. 
• Globalisation and Foreign Investment: The globalisation and foreign investment in Trivandrum are driving the demand for luxury and premium properties.
• Urbanisation: The rising urbanization of Trivandrum is driving demand for housing and commercial spaces, especially in areas with good connectivity and amenities.
• Education and Healthcare: Growing importance of education and healthcare in Trivandrum is driving demand for properties near educational institutions and healthcare facilities.
• Tourism: The tourism industry in Trivandrum is driving the demand for commercial and residential properties, particularly in areas with good connectivity and amenities.

Future Projects That Can Impact Real Estate Trivandrum

Several upcoming projects are expected to impact the real estate market in Trivandrum, including:

• Trivandrum Light Metro Project: Firstly, the proposed Light Metro project is expected to revolutionise the transportation system in Trivandrum. It can also make the commutation easier for people and increasing the demand for properties near metro stations.
• Expansion of Trivandrum International Airport: The expansion of the airport will increase connectivity and make Trivandrum a hub for business and tourism. This can lead to increased demand for commercial and residential properties.
• Vizhinjam International Seaport: Moreover, the development of the Vizhinjam International Seaport will make Trivandrum a major hub for trade and commerce. And also increase the demand for industrial and commercial properties.
• IT Park and Industrial Park: The proposed IT park and industrial park will provide a boost to the IT and manufacturing sectors. This can increase the demand for commercial and residential properties.
• Technopark Phase III: Similarly, the expansion of Technopark will provide more opportunities for IT companies to set up operations. Which increase the demand for commercial and residential properties.
• Bio 360 Life Science Park: The development of the Bio 360 Life Science Park will make Trivandrum a hub for life sciences and biotechnology. It can also increase the demand for commercial and residential properties.
• Trivandrum-Kanyakumari Industrial Corridor: Also the proposed industrial corridor will  connect Trivandrum to Kanyakumari. In turn, this will increase the demand for industrial and commercial properties.
• Smart City Project: Lastly, the Smart City project will make Trivandrum a more livable and sustainable city. And increase the demand for residential and commercial properties.

These projects are expected to have significant impact on the real estate market in Trivandrum. And it also increase the demand for properties, driving up prices. Investors and buyers can expect increased rental yields, appreciation in property values, and a growing demand for luxury, premium properties.

Value Increase in Real Estate Properties in Trivandrum

For a number of reasons that draw both buyers and investors to Trivandrum, the real estate market there is booming at the moment. Due to the growing demand for housing, investors should expect higher rental returns and a consistent flow of revenue. Real estate becomes a profitable alternative for long-term investments as property values are expected to rise dramatically. The IT sector and rising incomes are driving demand for luxury homes. The manufacturing and IT sectors are also expanding commercial spaces. The limited supply of properties in Trivandrum is driving up prices and increasing the value of existing properties.

Government initiatives like the Smart City project and Technopark expansion are boosting Trivandrum’s real estate market. Surging property values, driven by the booming economy, rising tourism, and higher disposable incomes, make it a promising investment opportunity. With growing demand, limited supply, and supportive policies, Trivandrum is an attractive destination for real estate investors.

Conclusion

The real estate market in Trivandrum is on the verge of a remarkable surge, poised for significant growth in 2024-25. A combination of factors is fueling this upward trajectory, including rising demand, infrastructure development, and government initiatives. As a result, investors and buyers can anticipate substantial increases in property values and rental yields. As well as a rising demand for luxury and premium properties. The advent of digital marketing and online platforms has revolutionised the property buying process, offering unparalleled convenience and transparency. With just a few clicks, buyers can now effortlessly search and purchase properties online, streamlining the entire experience.

To stay informed about the latest developments and trends in real estate Trivandrum, stay tuned with Confident Group, your trusted partner for expert insights and updates on the real estate market. By doing so, you will be well-positioned to capitalise on emerging opportunities and make informed decisions in this dynamic market.