The real estate sector in Thiruvananthapuram is concentrated on development of the city center rather than its suburbs as people tend to be more interested in busy places. In addition, prices on land are pretty high, that is why people are more into buying apartments. To change the tendency and attract people to buying houses in periphery improvement of the facilities is needed – developed transportation facilities, good roads and clear water are always helpful for the rural areas on their way to economic, social and property growth.
For today, the prices for property for sale in Thiruvananthapuram city center is ranging between Rs. 4.000 and Rs. 5.000 per square feet, while at the suburbs is cheaper – about Rs. 3.000 – 4.000 per square feet. And unlike previous years, when builders were following the trend for luxurious apartments, today they try to provide budget versions of dwelling for sale, which can be bought for less than Rs. 40.000.
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