Tuesday, August 14, 2018

NRI INVESTMENTS IN REAL ESTATE MARKET TRIVANDRUM

Owing apartments in Trivandrum is a dream for middle-class people. The NRIs and the middle-class people have contributed to the growth in the city. Trivandrum has seen a good growth in its IT sector and Infrastructural development through NRI investments.



Trivandrum is the most expensive real estate markets in Kerala. The price of the apartment projects in Trivandrum and the rental value is high in the capital of Kerala.

Currently, the home buyers such as salaried classes - the NRIs and the middle-class people are most interested to buy flats in Trivandrum. They are mostly looking for the facilities and the amenities offered by the builders in Trivandrum.

People are not investing in independent homes because of the hike in the prices. They are interested in flats and apartments because of the best amenities offered by the builders.

As NRIs are not dependent on home loans, the middle-class people are beneficial with the Pradhan Mantri Awas Yojana (PMAY) Scheme. Home loan subsidy interest amount of Rs 2.67 lakhs is provided to the beneficiaries.

Younger generations are interested in luxury apartments in Trivandrum because of the job opportunities in Technopark.



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