Two brand new ready to occupy apartments in Trivandrum

Keeping in mind that many of our customers look for ready to move in properties we present two properties here by SFS which are ready to move in currently. One at Vellayambalam and the other near Technopark.

SFS Cyber Gold at Technopark has 1 & 2BHK apartments available for purchase ranging from 687 to 1192 sq.ft. Cyber Gold has some of these amenities like Designer entrance lobby,Fitness centre, Swimming Pool and Kiddies Pool with changing room & toilet,Recreation Multi-purpose hall, Independent letterbox for each apartment, Beautiful landscaped premises, Intercom in apartments,lifts, caretaker room,and security cabin,Care taker room & Security cabin, Proximity sensor entry card & Sewerage treatment plant.

SFS Grande at Vellayambalam has 2 & 3 BHK, ready to move in apartments available for purchase ranging from 1305 to 2027 sq.ft. SFS Grande is the first green building registered in Trivandrum with IGBC. SFS is currently running a promotion for customers to visit these ready to move in apartments even in the evenings!

Where do you buy you next property in Trivandrum - A cue on real estate buying by location & developments

This is a question most home buyers struggle with. Where do I get the maximum appreciation within the  Trivandrum city. Do I buy an apartment or a plot of land? We have another article on that subject.

The other question is do you go for something near Technopark or within the city? Thus its very evident that the location of the property is not such an easy choice. We present a few tips here to make your decision simpler.

1. Real estate development in Kazhakootam & Rental income - Both sides of the Kazhakoottam-Chackai bypass are infested with high rises. However off late there seems to an over supply and lesser demand for projects in this area. Hence you could get good bargains from builders on a new launch or yet to be sold property. The attractive proposition is the rent that one could command in excess of Rs.10,000 for a 2 BHK apartment or in excess of Rs.15000 for a 3BHK apartment.

2. Within the city - new growth areas - Vattiyoorkavu and PTP Nagar are 2 upcoming areas worth consideration within Trivandrum city. The governments development project at Vattiyoorkavu, coupled with the Greenfield Indoor Stadium at Vattiyoorkavu that is proposed to be constructed in the available space in the Central Polytechnic Campus, Vattiyoorkavu, Trivandrum is sure to escalate prices in the area after 2013. The Vattiyoorkavu sports complex is set to have the following facilities -Indoor Seating Capacity  – 5000, Indoor arena for Badminton, Basketball, Volleyball, Table Tennis & Lawn Tennis , Olympic size Aquatic facilities, Parking space for 400 cars. For more read about it here: http://www.35thnationalgames.in/index.php/sports-infrastructures/new-infrastructure/224?start=1. These areas are also seeing budget apartments under Rs.30 Lakhs which makes it quite affordable for a majority of the populace.

s

3. Vazhuthacaud - Vellayambalam - Sasthamangalam - This is an area within the city which has seen rapid increase in real estate rates. Partially due to the completion of road works, and lots of new offices coming in. Hence a combination of residential cum commercial complexes can be seen springing up here. Rental incomes here could touch Rs.20,000 for a 3BHK which makes it quite attractive for those who are buying on EMIs. The current property rates are around 4500 to 5500 per sq. ft. , however we feel this area has not touched the inflection point yet and rates could increase to 7000 or 8000 per sq. ft in the next 4 to 5 years.

4. MG Road - The most prime residential area in the city also features some new launches by builders like Power Link. With new towers coming up in the Ayurveda college region, if you can afford, MG road will be worth the bet in the years to come. The rentals here touch up to Rs.25,000 a month.

5. Mono rail connected areas-  The debate on the mass rapid transport system lingers on with options like Mono Rail, Metro, LRTS etc. being considered. In Phase 1 - The 19 stations for the proposed mono rail would be located at Technocity Extension, Technocity, Pallipuram, Thamarakulam, Kaniyapuram, RVTI Junction, Kazhakootam, Karyavattom, Pangaparra Guru Mandiram, Pangaparra C H Memorial School, Sreekaryam, Pongumoodu, Ulloor, Kesavadasapuram, Pattom, Plamoodu, Palyaam, Statue and Thampanoor. Phase I will culminate in front of the Sreekumar Theatre. In Phase 2 - 16 stations. Killippalam, Karamana, Kaimanam, Pappanamcode, Karakkamandapam, Vellayani Junction, Pravachambalam, Pallichal, Paroorkuzhi, Mudavoorpara, Balaramapuram, Vazhimukku, Pathamkallu, Moonukallinmoodu, Aalummoodu and Neyyattinkara.

Our recommendation is that if you want to see appreciation in the next 4 to 5 years for your property go for locations in phase 1 of this project. If you want to go for a budget plot or apartment and go for appreciation in 10 to 12 years look at areas in Phase 2 of this project. Going by experience in other Tier 1 and 2 cities, a mass rapid system shoots up property prices by 40 to 50% once the project is in working condition.

The final choice of location of your property could be made keeping in mind these developments. However you can be rest assured that on an average you would get a return on 18% odd on investments made in real estate in Trivandrum given the present trends. With the outlook looking upbeat for the next decade the actual returns could be in excess of 20 to 30%. So any time is a good time to invest in real estate in the city.

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.

SI projects in Sreekaryam, Vellayambalam, Kowdiar

SI property's  new Project is named “Endura” is a Joint Venture Development of Alka Group, Dubai and SI Property and is located close to Sreekaryam Junction, bordering the existing NH 47, another corridor to Technopark (Approx.5km) and the upcoming Techno city.  

Located close to Defense Organisations, Central Government Institutions, Commercial Centres and surrounded by the leading Educational Institutions in the Capital City namely the Government College of Engineering, Loyola Group of Educational Institutions & Karyavattom Kerala University Campus, Endura renders all the basic needs and conveniences that a family would look for. Comparative Advantages associated with this Project are many, like its location in a developed area with all basic Service Connections already available, the assured returns on Rentals, efficient and thoughtful designs as well as availability of all the Luxurious Amenities that a family would look for!

 As per SI, the project is set over fifteen storeys and the range of Two, Two Bed + Study and Three bedroom Apartments offer superb contemporary designs with good finishes. Every Apartment enjoys Private Balconies, giving the additional benefit of an outdoor living space. 

Another project of SI is called Belhaven Grande, situated in Belhaven Gardens Kowdiar, is another Ongoing Project, which has been fully sold out. It is a distinctive Project with the Exclusive Feature of One Apartment per Floor, scheduled for completion in December-2012.
SI also has a project called Amrith Dale near Althara in Vellayambalam. Vellayambalam is one of the fastest growing areas in Trivandrum, and Amrith Dale Apartments is located within an easy drive to almost anywhere in the city. 

 The Unique Benefits of living in Amrith Dale Apartments are many...
·        Centrally located still away from the hustle and bustle
·        Prestigious and peaceful habitat
·        Advantages of staying in a low density condominium, just 11 Apartments.
·        Easy access to Educational, Health, Entertainment, Religious, Shopping and Government Centres.
·        Conveniences of a Building without lower basement.
·        Spacious designs keeping in mind the future space requirements

For more information on any of these projects please contact nandanam consultants at www.nandanamconsultants.in