5 Reasons Why the Area Near Techno park is The Upcoming Commercial Real Estate

26 MAY 2023

Trivandrum, is a city that evokes images of exotic landscapes and vibrant traditions. Location between the Western Ghats and the Arabian Sea means that the city has access to both peaceful beaches and verdant hills. Elegant temples dot the cityscape, highlighting the area’s long history of architectural innovation. Today’s Trivandrum is a bustling metropolis with a substantial retail and service industry as well as various manufacturing and information technology (IT) parks. The influx of techies and workers from allied service sectors has increased demand for flats for sale in Trivandrum, and all of the major builders in the state have responded by constructing a variety of projects in the city’s suburbs, seeking to achieve the perfect balance between quiet and accessibility.
That was bolstered further by the 1990 opening of Technopark. To aid in the development of Kerala’s IT industry, the state government partnered with the private sector to launch this initiative. Over 300 enterprises call Technopark home now, including industry giants like Tata Consultancy Services, Infosys, and Wipro. The park has approximately 9.5 million square feet of space and provides numerous amenities to businesses, such as cutting-edge data centres, office buildings, and R&D facilities. This has led to a high demand for flats near Technopark. Here are five reasons why the neighbourhood surrounding Techno Park in Trivandrum is the city’s next big thing in terms of commercial real estate

Flourishing IT and service sector

Flourishing IT and service sector
As the technology industry in the state has grown, so has Trivandrum. The urban technology revolution can be traced back to the foundation laid by the creation of Technopark. Over 600 businesses call it home today, providing jobs for nearly a hundred thousand people. guaranteeing software engineers and those in related fields excellent employment, advancement, and professional development prospects. With this came a cosmopolitan crowd of techies and other high-net-worth individuals, driving the growth and demand for flats for sale in Trivandrum. Living close to the IT Hub also means reduced commutation time and a better work-life balance This factor contributes to the high year-round demand for apartments in Kochi, making the commercial and employment viability of buying apartments there an attractive investment opportunity.

Perspective on Investment After COVID

People who have seen their wealth dwindle drastically as a result of the Pandemic are particularly interested in stable places to live. During that time, real estate has consistently performed well as an investment. More and more people are striving to improve their standard of living by purchasing safer, higher-quality residences. Thus, a change in the city’s demography and the unpredictability of rental costs contribute to the increasing demand for luxury flats in Trivandrum.

The Convenience nearby

Workers at Technopark can choose from a wide array of restaurants, cafes, and food courts in the vicinity. Several excellent medical facilities, including the Amrita Institute of Medical Sciences, SUT Hospital, and JIPMER, are conveniently located nearby. The residents at Technopark Campus have access to the Sreekariyam Plaza Shopping Complex. You can reach the Technopark Bus Station, the Sreekariyam Railway Station, and the Trivandrum International Airport within a 10-kilometer radius. Some of the local attractions are Kinfra Film and Video Park, Vismaya Water Theme Park, and Sreekariyam Mini Stadium.

The Neighborhood Is Safe and Welcomes Newcomers

People in Kerala increasingly prefer to make their homes in communities where they can be near to others who share their interests. Youngsters living in gated communities benefit from having the opportunity to socialise with other children from the same area. Having kind and helpful neighbours nearby can greatly improve quality of life. The city’s residents take great pride in their heritage and history, which earned it the nickname “country of Padmanabhan.” The hospitality of these folks is legendary, as is their politeness, wealth, and general niceness. Kumarapuram is the best place ever because it has such a great atmosphere for residents’ physical and mental health, as well as their social and professional lives.

Healthy balance between work and personal life

Positioned as it is, conveniently accessible to all major tourist attractions, the region ensures its people enjoy a healthy work-life balance. The Neyyar Dam and Wildlife Sanctuary can be found in this city. Neyyar’s enormous crocodiles can be seen in person at Steve Irwin Crocodile Park, a local attraction. Agasthyamala Mountain, the state of Kerala’s second-highest peak, is also conveniently located for locals. Varkala is a popular destination for those in search of windy beaches and the stunning Arabian Sea. Shanmugham Beach, Akkulam Lake, Kallar, the Vikram Sarabhai Space Centre, etc., are also very well-liked destinations.
Overall, the area near Techno Park in Trivandrum is becoming an attractive commercial real estate destination due to its location, growing IT industry, and good infrastructure. Businesses that set up their base in the area can take advantage of the location, proximity to the IT industry, and good infrastructure to increase their sales and customer base. This, in turn, can help businesses to grow and expand their operations, making the area an attractive destination for commercial real estate. Confident Group is widely regarded as one of the best home builders in the state, thanks to its reputation for constructing luxurious with cutting-edge construction techniques and first-rate amenities. Horizon, Greenfield, Crown and Aquilla are some of the upcoming projects of Confident in the city .Make an appointment for a site visit right away to take the first step toward buying a home in the land of Travancore Legacy.

Author - Confident Group

As the most trusted real estate brand in the nation, we at Confident Group strive to create a positive, smooth and transparent medium for potential home buyers with anything and everything related to home purchase. We provide informative and engaging articles which cover useful details across many verticals from the real estate sector. Our 2-decade long expertise in building infrastructure projects across Kerala and abroad backed by the trust of over 10,000 customers earned us the reputation of being the best as a real estate brand in Asia. We hope that our blogs will help in translating our experience for the prospective buyers who are looking for their dream home.



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