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In Trivandrum, the trend of bigger area for apartments has changed and now builders are
planning budget apartments which can be sold for a price below Rs 40
lakh. Around 50 per cent of the buyers prefer budget apartments, 30 to
40 per cent can afford Rs 40 to Rs 70 lakh and 10 per cent go for
luxurious apartments which cost more than Rs one crore.
Villa projects are the least preferred owing to the high cost inside the city. Some projects are coming up outside the city, but they too are costly as the land prices are high there too. The new places were projects are launching include, Balaramapuram, Neyyatinkara, Kovalam, Kazhakkoottam, Nedumangad, Attingal, Peroorkada and Vattiyoorkavu.
However an oversupply of projects is seen in the Kazhakkoottam area targeting the IT professionals, which is not getting a good response as sometimes supply is more than demand. Majority of people still prefer projects in heart of the city. As per an article on IBN, Thiruvananthapuram is one of the most cleanest cities and all basic facilities are available, this is the most preferred place for retirement life.
Villa projects are the least preferred owing to the high cost inside the city. Some projects are coming up outside the city, but they too are costly as the land prices are high there too. The new places were projects are launching include, Balaramapuram, Neyyatinkara, Kovalam, Kazhakkoottam, Nedumangad, Attingal, Peroorkada and Vattiyoorkavu.
However an oversupply of projects is seen in the Kazhakkoottam area targeting the IT professionals, which is not getting a good response as sometimes supply is more than demand. Majority of people still prefer projects in heart of the city. As per an article on IBN, Thiruvananthapuram is one of the most cleanest cities and all basic facilities are available, this is the most preferred place for retirement life.
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