Understanding the Real Estate Market in Thrissur

Thrissur, the cultural capital of Kerala, has always been a favourite among potential home buyers. From NRIs to senior professionals working in different parts of India, many families look forward to booking the perfect luxury home in Thrissur. Understanding the real estate market is an important step in this journey. Fluctuations in market trends can impact this key decision.

By taking time to research the market, buyers can better understand the current market scenario and make correct decisions about their investments. Typically, the research can include factors such as location, amenities, connectivity to landmarks, price trends – leading to a better investment decision and a more satisfying buying experience.

Factors Influencing the Real Estate Market in Thrissur

Like any other city, the real estate prices in Thrissur are influenced by various factors, such as:

• Demographics:

  Factors such as population growth, age distribution, and income levels influence the demand for housing, hence demographics of the city can have a significant impact on the real estate market.

• Infrastructure:

  The quality and availability of infrastructure in Thrissur, including roads, transportation, water supply, and sanitation, can affect the value of the real estate. Areas with good infrastructure tend to be more desirable and can command higher prices.

• Economic Factors:

  The real estate market in Thrissur is influenced by the demand for housing and the availability of financing, which in turn depends on factors such as interest rates, inflation, and job growth.

• Government Policies:

  Taxation, zoning regulations, and land use policies can affect the real estate market in Thrissur. For example, changes in zoning regulations can impact the availability of land for development, while changes in taxation can influence the affordability of housing.

Overall, the real estate market in Thrissur is impacted by a complex interplay of factors, including demographics, infrastructure, economic factors, and government policies. Understanding these factors can help buyers and sellers make informed decisions, as they look for flats in Thrissur.

Types of Flats for Sale in Thrissur by SOBHA

One of India’s leading real estate developers, SOBHA has brought international quality standards to Thrissur with SOBHA City. This luxury township has revolutionised Thrissur residents’ perception of a luxury lifestyle. Spread across 450,000 sq ft, SOBHA City Mall is the first commercial project of SOBHA in India. The 6.5 acre artificial lake constructed by SOBHA has won Platinum rating from CII-IGBC for water conservation. After the stellar success of SOBHA City, the developer is now offering luxury flats for sale in Thrissur. Read on to know their key features, amenities, price range, and more.

SOBHA Metropolis

A fusion of classical Greek and Modern Roman architecture styles, this project offers 2, 3, and 4 BHK apartments with sizes ranging from 1,529 sq ft to 2,842 sq ft. The key amenities at SOBHA Metropolis include clubhouse, outdoor gym, event plaza, tennis court, cricket pitch, and children’s play area. The price range for these luxury apartments in Thrissur starts from INR 1.30 Cr.

SOBHA Lake Edge

Located in the scenic Puzhakkal area, SOBHA Lake Edge offers 4 BHK super luxury apartments that are priced INR 2.8 cr onwards. Overlooking the pristine waters of a 6.5-acre manmade lake, SOBHA Lake Edge is equipped with modern amenities such as swimming pool, tennis court, party lawn, basketball court, multipurpose hall, and more.

SOBHA apartments for sale in Thrissur offer an international lifestyle, with thoughtful design, high-quality materials, and unique amenities. These luxury projects are situated in prime locations and provide easy access to various conveniences. Residents can enjoy a comfortable and sophisticated lifestyle, with ample options for relaxation, entertainment, and recreation.

Understanding the Real Estate Market in Thrissur

Thrissur has experienced swift growth in recent times. It is a popular destination for homebuyers and investors, due to its booming tourism, cultural heritage, and rapidly developing infrastructure. Anyone interested in flats in Thrissur would benefit from analysing various factors such as supply-demand dynamics, rental yield, best time to invest. The table below shows price trends of apartments for sale in Thrissur:

Locality	Flats – Avg price per sq ft	Villas – Avg price per sq ft
Punkunnam	4477
Pullazhi	3033	3593
Jyothi Nagar	4599
Kolazhy	2346	3530
Archery	4603	2980
Puzhakkal	6322
Nellikunnu	5129
Vadookara	4729
Puthurkkara	3483
Poothole	3501
Veliyannur	9786

 

What is Rental Yield?

It is the amount of rental income generated by a property as a percentage of its value. For real estate properties in Thrissur, the rental yield varies depending on the location and type of property. Generally, real estate properties in Thrissur’s prime locations – like Puzhakkal, Ayyanthole, Thrissur town – yield higher rental returns than properties in other areas. Apart from location, favourable government policies and infrastructure development have a positive impact on rental yield.

Best Time to Invest in The Market

India’s real estate market is witnessing significant growth, with a turnover of INR 65,000 cr and GDP contribution expected to reach 13% in the next 3 years. With a favorable economic outlook, positive investor sentiment, and job opportunities for senior professionals on the rise, Thrissur is all set to experience a significant upswing in luxury real estate.

Tips for buying Flats for Sale in Thrissu

• Research and Comparison:

  Explore the available options of real estate properties in Thrissur. Compare their prices, amenities, location, and developer reputation. Look for reviews and ratings of the builders and their projects, to get an idea of their quality and reliability.

• Legal Documentation:

  Make sure you check all the legal documents related to the property. Verify the property ownership, necessary approvals & clearances, and legal disputes if any. It is advisable to seek the help of a legal expert or a property consultant for this.

• Choosing the Right Location:

  Consider factors such as proximity to schools, shopping complexes, hospitals, IT hubs, and public transport. Also, check the infrastructure development plans in the vicinity, as it can have an impact on the future property value.

• Negotiating the Price:

  Aspects such as payment plans, interest rates, additional amenities, inclusion of furniture / fittings can be negotiated while purchasing a home. However, high quality projects often come at a premium, and it may not be wise to compromise on the quality for a lower price.

Conclusion

To summarise, the real estate market in Thrissur offers a wide range of options for luxury flat buyers. The demand for housing is high due to the city’s rapid growth and increasing job opportunities. Developers are also offering a range of amenities and facilities to attract buyers.

However, buyers should be cautious when investing in apartments in Thrissur, and should do due diligence to ensure that the property is legally sound and offers a good return on investment. With proper research and right advice, one can find the perfect home for their family in Thrissur.