ABOUT Thiruvananthapuram
A beautiful seaside city built on seven hills, it is the capital of India's most literate and socially developed state. It is also a strategically important city of Southern India.

What's happening there?
The real estate market is primarily driven by the IT/ITES sector. Traditional houses with long, steep sloping roofs are now giving way to high rise apartments. Prime residential areas of Kowdiar Chowk, Jawahar Nagar, Velayambalam, Sasthamangalam and Medical College Road have many projects under construction. Most of these projects are redevelopments of existing bungalows into multi storied apartments. Expansive residential complexes are also mushrooming on Kovalam-Kazhakuttam bypass to meet the increasing demand generated by new jobs at Technopark.

Knight Frank research estimates that 4 million square feet of residential space will enter the Thiruvananthapuram market by end of 2009 or 2010. A bulk of this supply is concentrated on the Kovalam-Kazhakuttam bypass, in the vicinity on the Technopark.

Major developments in the city are
i. Heera Group
ii. SFS Group
iii. SI Property
iv. Skyline Builders
v. Technopark has already acquired large acres of land and will involve a mix use of IT, biotechnology, nanotechnology, commercial and residential development spread over 500 acres of land.
vi. Condor Group is coming up with Fortuna, a 200,000 square feet mall, on NH-47 which will house a six screen multiplex. vii. Artech Group is also coming up with Kalpana Heights near the Pattom Junction which will have the second outlet of Big Bazaar in the city.
viii. Also Plaza Centres, a subsidiary of an Israel based company has acquired about 10 acres of land near Technopark and has planned a mall, office complex, hotel and an apartment hotel totaling to approximately 2.1 million square feet of built-up space.

Photogaph courtesy: Knight Frank India Research
(The content of this research report has been repurposed to suit the needs of this site)

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