Thiruvananthapuram realty narrows to city limits
The real estate sector in Thiruvananthapuram is mainly focusing on the city centric areas as the relators believe that people prefer to stay in than city outskirts.
Builders are redesigning the apartments by reducing floor ratio in order to make them affordable for middle-income group of buyers.
According to Artech CEO, T S Asok, the real estate sector in the city is steady when compared to other ciheart of the cityties in the State. The investments are happening in premium locations as most people prefer to stay within the city.
As the land value is very high in Thiruvananthapuram, there is more attraction for apartments. Over the years, the price was not skyrocketing, but there has been a slight increase, helping the growth of realty business.
Builders have started noticing growth centres in the district to start new projects. The places identified are Balaramapuram, Neyyatinkara, Kovalam, Kazhakkoottam, Nedumangad, Attingal, Peroorkada and Vattiyoorkavu. The ‘heart-of-the-city mania’ of people is expected to change once the outskirts get developed.
To read more real estate news:
Green buildings project begins in Kerala
Land acquisition plan at Thiruvananthapuram is opposed by people’s forums
Source: IBN Live
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