Thiruvananthapuram Leads Kerala in Residential Property Registrations, Outpacing Ernakulam
The capital city of Kerala has emerged as the frontrunner in residential property registrations under the Kerala Real Estate Regulatory Authority (K-RERA) for 2024. A total of 2,987 residential units were registered in Thiruvananthapuram, surpassing Ernakulam, which recorded 2,864 registrations, reported imesofindia.indiatimes.com.
“From IT Hubs to Superior Healthcare, Why NRIs and Professionals Choose Thiruvananthapuram”
Real estate experts attribute the surge in demand to the city’s appeal among non-resident Indians (NRIs) and professionals from neighboring states.
With its blend of traditional charm and modern infrastructure, Thiruvananthapuram has become a preferred destination for expatriates seeking affordable housing, quality education, and advanced medical facilities.
Growth Drivers and Regional Trends
According to SN Raghuchandran Nair, president of the Trivandrum Chamber of Commerce and Industry (TCCI), several factors are fueling the real estate boom. “Thiruvananthapuram offers excellent airport connectivity, the transformative Vizhinjam Port, and minimal traffic congestion. Additionally, it is home to five foreign consulates, making it attractive to NRIs,” he said.
The city’s growing IT sector, government services, and emerging industries are also drawing professionals. This influx of new residents has made Thiruvananthapuram a hub for real estate development, eclipsing traditional leaders like Ernakulam.
Comparative Performance Across Districts
Other districts like Thrissur (1,236 units) and Kozhikode (1,195 units) also performed well but trailed the top two. Palakkad recorded 541 registrations, while Kottayam followed with 245. Districts such as Malappuram (149), Pathanamthitta-Thiruvalla (122), and Kollam (54) saw limited activity. Alappuzha (52) and Kannur (38) rounded out the list, highlighting subdued real estate interest in these regions.
***********************************************************
Readers
These are extraordinary times. All of us have to rely on high-impact, trustworthy journalism. And this is especially true of the Indian Diaspora. Members of the Indian community overseas cannot be fed with inaccurate news.
Pravasi Samwad is a venture that has no shareholders. It is the result of an impassioned initiative of a handful of Indian journalists spread around the world. We have taken a small step forward with the pledge to provide news with accuracy, free from political and commercial influence. Our aim is to keep you, our readers, informed about developments at ‘home’ and across the world that affect you.
Please help us to keep our journalism independent and free.
In these difficult times, running a news website requires finances. While every contribution, big or small, will make a difference, we request our readers to put us in touch with advertisers worldwide. It will be a great help.
For more information: pravasisamwad00@gmail.com