Are you excited about the wonderful opportunities in Trivandrum? Are you thinking of settling down in Kerala’s capital city? If you’re wondering whether it’s the right time to buy an apartment in Trivandrum, listen to what the best builders in Trivandrum have to say. We’ll explain why now is the perfect time to buy a 2BHK or 3BHK apartment in Trivandrum. Get ready to make your dream home a reality in this amazing city!

Why is this the Right Time to Buy an Apartment in Trivandrum?

1. Trivandrum is developing 

The capital city of Kerala is undergoing an unprecedented phase of development, driven by initiatives like the “Light Metro” project and the upcoming Vizhinjam International Transhipment Deepwater Multipurpose Seaport. These endeavors are set to reshape the city’s landscape and unlock significant economic potential.

As transportation and amenities improve, Trivandrum’s real estate market is expected to experience remarkable growth. Investing in a Trivandrum apartment now could prove to be a lifetime opportunity, with the city’s growth trajectory indicating substantial appreciation over time. The value of your investment is poised to flourish alongside Trivandrum’s promising expansion.

2. Rental income

Technopark is among India’s largest IT hubs, employing over 72,000 IT professionals and hosting 480 companies. Its strategic location in the capital city inherently boosts the investment value of your apartment. This advantage extends to Non-Residential Indians (NRIs) who can consider investing in Trivandrum flats, providing a dependable source of rental income.

The city’s demand for rental flats caters to a diverse group, including Technopark employees, airport staff, students, and faculty from leading colleges in Trivandrum. This demand ensures a strong market for rental properties, making your Trivandrum apartment a promising source of consistent rental returns.

3. High demand in the real estate market

In the wake of the COVID pandemic, numerous companies are embracing remote work or hybrid models, leading to a surge in demand for 2BHK and 3BHK apartments. If you are working a remote job or doing a hybrid model, it will be a good idea to buy an apartment instead of a rental option. 

4. Easier home loans

Navigating the path to owning an apartment in Trivandrum has been made notably smoother through the introduction of EMI payments and low-interest home loans. Banks who are partners with top builders in Trivandrum are presently extending home loans at remarkably reduced interest rates, to attract more home buyers. Typically, a recommended benchmark is dedicating 35% to 40% of your income toward your home loan EMI. If that fits your budget, there’s no reason why you can’t achieve your dream of owning an apartment in Trivandrum.

5. Reduced tax liability

When you invest in a Trivandrum apartment, you can also avail certain tax benefits. One key avenue is through Section 80C of the Income Tax Act, which permits individuals to claim deductions on the repayment of the principal component of their housing loan. This allows for tax deductions of up to Rs. 1.50 lakh, effectively easing your tax burden. Additionally, investors can also benefit from tax deductions on the interest paid on the home loan, further contributing to potential savings.

6. Safe and convenient city to live in

Trivandrum has already been recognized as one of India’s most livable cities. It consistently ranks among the top cities to live in India. This is due to its high standard of living, excellent healthcare, and quality education. A noteworthy feature that sets Trivandrum apart is its commendably low crime rates, instilling a sense of safety and security for its residents. The well-maintained roadways and disciplined traffic flow further contribute to the city’s allure, fostering an environment of convenience and ease of transportation.

Have you made up your mind?

The real estate scene in Trivandrum is experiencing an unprecedented boom, thanks to numerous development projects. This makes buying an apartment in Trivandrum a potentially lucrative investment, given the high demand in the city’s buyer market. Moreover, it presents a great opportunity for stable rental income. As one of India’s most livable cities, Trivandrum is the perfect choice for your dream apartment.

If you’re on the hunt for the ideal Trivandrum apartment, look no further than Sun Homes. Our projects span key city locations and come packed with modern amenities, ensuring you make the best investment. Connect with the top builders in Trivandrum to explore the array of 2BHK and 3BHK apartments in the city. Want to learn more about our apartments in Trivandrum? Get in touch.