• Vizhinjam International Sea Port
• Thiruvananthapuram Monorail
Being a coastal city, trade and commerce in Trivandrum is heavily relied on the sea way. The VISL (Vizhinjam International Sea Port) is perhaps one of the largest infra projects planned in the state of Kerala. The state government is floating the project with INR 6595 crores of investment and was announced in December 2013. This container transshipment terminal certainly holds the potential of being one of the largest ports in the world. Although there has been a temporary glitch with Chief Minister Oomen Chandy trying to fill the financial gap for funding this project. With the support from the central government, this project might do a ton of good to the real estate in the region. The improved employment and spending power will result in buyers investing in apartments in Trivandrum or Villas in Trivandrum depending on their preference. Areas close to the port like Neyyatinkara will see large scale developments like multi storey apartments in Trivandrum suburbs.
The monorail project will is another infra development which will truly change the face of the city. Apart from a good network in the city, the monorail will extend to The Trivandrum Airport and suburbs like Neyyatinkara. Will these developments in hand this is the right time to invest in a property in Trivandrum. Real estate essential consisting of villas in Trivandrum, will move towards larger gated communities and uber luxury multi storied apartment complexes. 2018 will definitely bring about a change in the realty sector in Kerala. Ideally the developers and builders will start acquiring land starting this year so that they have enough supply to map the increased demand that the VISL and IT sector is going to create.