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Thiruvananthapuram has led Kerala in residential project registrations under K-RERA for the first half of 2025, recording 1,068 units and surpassing all other districts. This performance reflects increased investor confidence and the city's appeal as a residential hub. The growth is driven by the operational Vizhinjam Port, upcoming IT projects, and demand from NRIs and tech professionals. While major cities like Ernakulam and Kozhikode also show robust trends, some districts recorded no registrations, highlighting varied development across the state.
Thiruvananthapuram's real estate sector has recently emerged as the leading district for residential project registrations during the first half of the current year. This performance, recorded across Kerala under the state's Real Estate Regulatory Authority (K-RERA), indicates a boost to the capital city's property market, achieved by registering a high volume of new residential units. Advertisement
Thiruvananthapuram recorded 1,068 residential units, making it the only district to surpass the 1,000-unit mark and placing it at the top of the state's registration list. This positive trend continues from the previous year, when Thiruvananthapuram also led. In comparison, Ernakulam registered 887 units, and Kozhikode 632 units, showing a robust urban housing trend across Kerala's major cities.
Other districts like Thrissur (320 units), Palakkad (164 units), and Malappuram (113 units) also showed activity, while some, including Alappuzha, Wayanad, and Kasaragod, recorded zero registrations. A K-RERA official attributed Thiruvananthapuram's success to increased investor confidence and its growing appeal as a residential hub. They also noted a trend towards more structured and compliant development in the city. The growth in demand is driven by several factors: the operational Vizhinjam Port, upcoming IT projects, and demand from Non-Resident Indians (NRIs) and tech professionals, particularly from South Tamil Nadu.
The city's reasonable cost of living also contributes to its appeal to young professionals. Current real estate hotspots include Sasthamangalam, Kazhakkoottam, Kowdiar, Kumarapuram, and Kuravankonam. There is also high demand for apartments along National Highway-66 at Akkulam and Kazhakkoottam, further boosted by the launch of IT majors like Accenture and HCL. The number of residential buildings in the city grew by 44% between 2021 and November 2023. S. N. Raghuchandran Nair, President of the Trivandrum Chamber of Commerce and Industry (TCCI), reportedly highlighted the Vizhinjam Port as a factor that can bring significant change and mentioned the city's emergence as a major health destination with new hospitals. Real estate registration data, especially from regulatory authorities like RERA, provides insights into market activity and developer compliance.
5th Jun, 2025
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