Reverse brain drain and Real Estate boom

India and its economy is growing at a startling pace. The unprecedented growth is backed by investments pouring into our country as Foreign DIrect Investments [FDIs] and as Foreign Institutional Investors [FIIs]. The Budget presented by our Finance Minister for Financial Year 2023-2024 promised a GDP growth of >7% which was well received by the stock market and the public at large.

For many reasons, our nation and its economy is seen as an opportunity to invest and reap profits from. Especially after Covid, industrialists and global giants are on the hunt for a plan B for large scale and economical manufacturing, should China fail again. They are focusing on India as the answer for the same. In the wake of this new development, we have seen Multinational Companies like Apple set up a state-of-the-art manufacturing unit in the outskirts of Bangalore. Nestle has announced that they will invest Rs. 5000 crores over the next three years in India

Eyeing this as an opportunity, there is a steady influx of Non Resident Indians [NRIs] who want to make India their home for the long run. Jobs that are of global standards are available in almost all the states of the country thus persuading more and more NRIs to come back and settle down in India. The reverse brain drain – as this phenomenon is called – is inevitable and here to stay as long as the macroeconomics don’t change drastically.

This has helped accelerate the growth of the real estate sector even more as there is a surging requirement for homes. This demand is not just limited to the Tier – 1 cities but in Tier

– 2 and Tier – 3 cities as well. This proves that the investment opportunities in the real estate sector is spread almost uniformly across all regions irrespective of the tier in which it falls. And that is good news for the state of Kerala, more so for Trivandrum which is home to some of the best builders in Kerala.

NRIs in Trivandrum

There is much to explain and there a host of factors that are fostering the growth of the real estate market in Trivandrum. Delving into the details would be quite a task but it can be summed up as, ‘the new and upcoming port of Trivandrum’.

The new port that is coming up in Vizhinjam is foreseen to change how the world does business. When up and running, it will cut down a lot of the shipping and logistics cost and travel time making economies move faster. The port project has attracted crores and crores of investment and has generated jobs like no other recent infrastructure project in Kerala.

The IT Sector is also seeing a boom. With the work from home model being normalised, Kerala techies prefer to work from their homes and if need be, work from the IT parks of Kerala rather than any other state of India. The Taurus Downton development that is coming up in Trivandrum is a testament to the same. It will be the first of its kind Special Economic Zone [SEZ] that has more than 5 million square feet in development and will house office spaces, a shopping mall, residential dwellings and a hotel.

All these developments translate as demand in housing requirements. The average NRI who has stayed abroad and who has experienced comfortable, sophisticated housing expects the same or better when hunting for a home of his/her own. Fortunately, Trivandrum boasts of some of the best apartment projects. One such project is Cordial Layam by the Cordial Homes Group.

Cordial Layam

Cordial Layam is the 134th project from the group of Cordial Homes that has been in the business of building happy homes for more than 41 years now. Over the years, they have built the trust and experience that takes to be the top builder in Trivandrum creating luxury homes that are affordable.

Cordial Layam that is coming up in Sasthamangalam has got the charm of being in the heart of the city yet away from the hustle and bustle making it an ideal location. All prominent shopping malls, multiplexes, schools, colleges, multi speciality hospitals and other landmarks are all available within a 10 kilometre radius thereby making Layam convenient for all family members.

The common amenities provided complement well with the features provided inside. On the outside, Cordial Layam when completed will have a jogging track of its own alongside a gym and yoga cum meditation centre. An air conditioned multi purpose hall, home theatre, party area with a barbeque counter, a rooftop infinity pool, all makes sure that you and your friends or family can have a gala time together. Generator backup, intercom, provision for AC in all rooms, internet and TV, digital locks for the main entrance are all a part of the standard offering.

Inside the apartment, top of the line brands and materials shall be used for each and every aspect. From teak wood front entrance doors to granite top kitchens to vitrified flooring, Cordial Homes will make sure that no stone is unturned to give you and your family the ideal home.

Cordial Layam will offer you some of the best 1, 2 and 3 BHK apartments in Trivandrum for its customers to choose from. The works are fast in progress at the construction site and is expected to be completed by early 2024. You can make an inquiry here to know more about the project.

Conclusion

Trivandrum is going through a rapid phase of growth and development. The city will be getting a huge facelift when the Port Project is completed and running. It’s a great time to invest in an apartment or better, settle down in Trivandrum as the future looks bright and promising for its dwellers. From an investment point of view, Trivandrum real estate is appreciating with close to digit growth and is only expected to go north from here for the foreseeable future.

When the decision has been made to invest in real estate, it’s always best to leave your money with the best home builders in Trivandrum. Who better a choice than Cordial Homes? Book an apartment in Cordial Layam or any of the other ongoing projects and start preparing for your move in!