Emerging Trends of Real Estate in Tirunelveli

    Tirunelveli the largest city in South Tamil Nadu has come under the spotlight for its perfect harmony between modernisation and traditional activities, which is indeed a rare sight today.

    The Real estate sector is in its pinnacle, thanks hugely to globalization and towering growth rate of our country of over eight percent in an average, that it dint register any decline even during the ordeal times of recession.

    The city has evolved from being merely an agriculture prone outfit in the past. Agriculture, Industries and Education have become three vital pillars, laying foundation for the rapid development of this city, a dynamic combination that has duly earned the cynosure of global giants.

    Industrial Estate Pettai, Nanguneri and Swami Nelliappar High Road has become the hub for the flowering industries, which has not only aided in the growth of city but has given a huge impetus for the real estate industry. Vannarpettai towards New Bus Stand has become a hot property, in terms of residential developments.

    Increase in Urban population along with raising income levels of people in the city especially amidst youngsters has resulted in increased preference for luxurious living. Three Bed room apartments has become a fad and city has started to imbibe apartment culture, owing to the rapid increase in demand for living space.

    Tirunelveli also hosts Pallayamkottai, the Oxford city of South India with torrent of reputed educational institutions, has allured global players into the city, as one can get quality technical labour at optimal cost. Increase in IT companies like Global Software Solutions, Computer Castle Pvt Ltd, Tidel Park the hub of numerous MNC’s is a perfect testimonial, to the above statement.

    With over forty lakh people in the city, rates of commercial buildings and residential spaces has towered astoundingly and its not surprising to note, that the city has started to fall under the retina of Non – residential Indians , who are looking to leverage their savings and investments, in an effective manner.

    Tirunalveli is indeed an ideal place to bank on, if you are trying to seek greener pastures in real estate sector provided you are prudent and decisive in your endeavour.