Artech - new launch coming up in Sasthamangalam in six months

As per our sources, Artech developers has recently bought a property near Kochar road in Sasthamangalam. The property is at a location where the Anjaneya Motors was located previously.

Sasthamangalam is a prime target for developers as there is no real space to build apartments left in the area. Kochar road could see more developments due to some parcels of land available here. The current property is only about 100 metres from the Alakapuri marriage auditorium in Kochar road making it an excellent location.

Artech is planning an apartment complex here which should be in Pre-Launch phase in another 3 to 4 months and should be launched in another 6 months. Artech currently has launched two new projects in Vazhuthcaud and Venpalavattom. Another builder who has acquired property in Sasthamangalam area is SI. SI is also awaiting sanctions on this property and it is expected to be launched as well in another 6 months.

Trivandrum Real Estate Price Trends by location

Trivandrum is one of the few cities in India which has witnessed property appreciation on a CAGR of 25 to 33% compared to Metros, wherein some metros have even witnessed single digit appreciation. Traditionally land investments give better returns, however, apartments might be a better choice for those customers who stay abroad, prefer rental income and don't visit India a regular basis. Our Trivandrum real estate price trends are indicative and can vary by builder, location etc. These rates are based on the market information available on the ground with builders, agents, customers etc. Please call us to understand further before purchasing or selling your dream home.

Prevailing rates of real estate for some areas in Trivandrum:

Apartments
Vellayambalam - Sasthamangalam - Rs.5000 to Rs.6000 per sq.ft (varies by builder & availability). Appreciation over last 3 years - CAGR - 36%
Sasthamangalam - Vattiyoorkavu - Rs. 2500 to Rs.3500 per sq.ft (varies by builder). Appreciation over last 3 years - CAGR - 30%
Vazhuthacaud - Vellayambalam - Rs. 5000 to Rs.6000 per sq.ft (varies by builder). Appreciation over last 3 years - CAGR - 34%
These rates depend on amenities in the building, location etc. 

We don't estimate prices of land as many more factors like approach road, proximity to bus stops and auto stands, utilities like hospitals , shops, schools nearby might further affect property rates in the same area. Please discuss with us for purchase or sale of land if you are interested.