Thrissur is an upcoming location in Kerala. It is known for its cultural significance in the state. It is a progressive city with upcoming infrastructure which gives a boost to the real estate market. The demand for modern apartments, villas and residences is on the rise.
Let us look at some important factors that are causing a boom in real estate:
1. Demographics
Thrissur has an increasing population that creates demand for housing. The age of the population falls in the young category with many professionals moving into the city due to the numerous opportunities the city offers. The income levels are improving and professionals are now able to afford housing. There is an increase in affluence improving the demand for luxury and ultra-luxury flats in Thrissur.
2. Infrastructure
Thrissur is centrally located in Kerala making it easily accessible to other major cities. The Nedumbassery airport, well-connected railway network, and bus transport allow residents to be connected to the rest of the state. Thrissur is a clean and green city not spoilt by pollution yet making it an ideal destination to have a home and settle down.
3. Tourism
Thrissur is Kerala’s tourism haven where tourists flock to immerse in the numerous experiences offered here. Thrissur Zoo, Sakthan Thampuran Palace, Guruvayoor temple, Kerala Kalamandalam, and Peechi Dam. The renowned Thrissur Pooram draws large crowds annually. This creates demand for housing for the tourists who spend time in the city. IT is also a major reason for the thriving hotel and lodging sector.
4. Economy
The IT boom that is happening in Kerala has not missed Thrissur. Modern IT parks like Infopark Thrissur Koratty near Chalakudy offer state-of-the-art infrastructure, high-speed connectivity, and favorable environments for IT businesses to flourish. These parks are leaving no stone unturned in attracting tech giants, start-ups, and service providers making Thrissur the next significant IT hub in Kerala. The retail and entertainment sector too is growing at a furious pace with builders in Thrissur building malls like city centers, entertainment avenues, and shopping centers coming up.
5. Favourable Market
Thrissur is an educational, cultural, and healthcare hub creating a rising demand for quality real estate. The rental market especially has a huge demand from students, professionals, and families who seek housing. Apartments in Thrissur are modern and provide the best amenities and facilities. The rise in demand for luxury and ultra-luxury flats in Thrissur is a sign of growing affluence.