How Technocity is Driving Real Estate Demand in Trivandrum

Established in the year 1990, Technopark is India’s first technology park. Today, Technopark stands as the largest IT park in all of Asia and also holds the title of the greenest IT park in the world. The IT park has been the transformative force behind Kerala’s digital economy, spanning over 768.63 acres and housing more than 500 companies, including the leaders in the industry, such as Infosys, Accenture, UST, TCS etc. Over the years, Technopark has reshaped Kazhakkootam, the locale where it is situated, into a major hub across Trivandrum. 

Once a quiet and calm suburb, Kazhakkootam and its neighbouring areas of Sreekariyam and Akkulam are now buzzing with modern infrastructure and residential projects, all thanks to the ‘Technopark’ effect. Now, with Technopark phase 4 - Technocity already underway, Trivandrum awaits its next transformative leap. Designed as an integrated township and a complete ecosystem for IT, digital technology companies, and IT-enabled services, Technocity comes with the potential to create more than 1 lakh jobs. Rising real estate demand in Pallipuram has made the region a prime destination not only for investors and homebuyers but also for developers and builders in Trivandrum.

Technocity – The New Prime Destination for Investment in Trivandrum

Technopark Phase 4, commonly referred to as Technocity, is an integrated and self-contained IT township that spans across 389.74 acres in Pallipuram, situated just 5 km away from the existing Technopark Phase 1,2, and 3 campuses. With its first building already operational, Technocity is all set to be the next step in the IT infrastructure and development across the nation. 

Here are some key factors that make Pallipuram and Technocity prime destinations for growth and investment: 

Location and Connectivity

Technocity and its locale of Pallipuram are situated along the NH-66 corridor that links Kazhakkoottam to Mangalapuram, making it a prime position of connectivity. The location is also just 15 km away from the airport, making it highly appealing for business travellers. Pallipuram is also set to benefit from the upcoming mega-infrastructure project - the Six-lane Outer Ring Road, a part of NH 66, linking the region directly to the Vizhinjam port and other economic hubs across Trivandrum. The proposed Trivandrum Metro is set to start from Technocity, going up to Pallichal, along the old NH 47, with a total of 24 stations. All these factors make Pallipuram a high-potential destination for both commercial and residential real estate investment. 

Lifestyle and Commercial Infrastructure Projects

Technocity’s growth and Pallipuram’s regional appeal are being driven by large-scale lifestyle and commercial projects coming up in the locale. The KINFRA Unity Mall is a 120-crore mall coming near the Technocity campus, aimed at promoting regional products and MSMEs across the state. Another big project, the Taurus Zentrum Mall, is set to be India’s largest mall, spreading over 1.2 million square feet, and is under construction near Technopark Phase 3. Notably, the celebrated Lulu Mall sits just 10 km away from the locale. 

When it comes to technological ecosystems, Technocity houses the upcoming Space Tech Industry Cluster - KSPACE Park. The Kerala Space Park is an initiative set up by the state government to promote domains such as space technology, aviation, and defence. This initiative is set to place Kerala at the forefront of the global space-tech sector. The recently launched Neopolis IT Township is set to further boost the economic and residential activity around Pallipuram. Spread over 390 acres inside Technocity, Neopolis comprises world-class urban residential infrastructure with advanced R&D hubs and is one of the eight IT Townships chosen across the nation, as announced by the prime minister. 

Another main highlight is the presence of the CRPF camp at Pallipuram, which acts as a layer of security and stability across the region. 

Quality of Life

As Technopark Phase 4 expands at an exponential rate, it is bringing in a surge of demand for residential spaces across Pallipuram. With IT professionals and families constantly searching for gated communities and apartments in Trivandrum, the region now features upcoming residential projects, strategically positioned near IT Cities to serve all those who are relocating to the region. 

When it comes to investors who are looking to invest in the region, the rental demand and yield in Pallipuram show consistent growth and present promising opportunities. The proximity to the existing and upcoming job hubs is driving professionals to settle in the area. This phenomenon works towards fueling the housing demand, guaranteeing sustained returns for property owners and investors. 

As accessibility becomes increasingly better with multiple transportation options, including the Outer Ring Road and the upcoming metro line, Pallipuram has become the ideal place to invest and live in Trivandrum. 

Investing Near Technocity - Investing for Tomorrow

Technopark Phase 4 - Technocity has become the major driving factor for boosting Trivandrum’s real estate economy. As it expands rapidly, it brings modern infrastructural upgrades, sustainable IT ecosystems, and improved connectivity and accessibility not just across Pallipuram but throughout Trivandrum. 

As the leading builders in Trivandrum, Desai Homes presents premium living experiences through its well-designed and spacious apartment projects in Trivandrum spread around the Technopark region. Our apartments in Trivandrum include: 

DD Sports City Galleria: Live a modern life at DD Sports City Galleria. Situated close to the Technopark Phase - 4 - Technocity, at Pallipuram, DD Sports City Galleria offers well-designed 2 and 3 BHK apartments infused with luxury and comfort. 

DD Sports City Arena: DD Sports City Arena is situated at Pallipuram and offers easy accessibility to the Technocity campuses. Our Sports City Arena offers 2 and 3 BHK apartments with access to global standard amenities. 

DD Sports City Hippodrome: Experience a healthy life with access to every sport at your doorstep with DD Sports City Hippodrome. Our 2 and 3 BHK apartments at Pallipuram offer you a well-balanced life at the heart of Trivandrum’s new prime location. 

DD Sports City Stadia: DD Sports City Stadia offers you a healthy and active lifestyle at the heart of Pallipuram. Our 2 and 3-BHK apartments at DD Sports City Stadia come with access to world-class amenities and facilities for a modern living rooted in well-being. 

DD Sports City Pavilion: Standing 20 floors tall with 160 apartments of 2 and 3 BHK units, DD Sports City Pavilion stands as an architectural marvel at Pallipuram. Experience the modern, luxurious lifestyle you’ve always dreamed of at DD Sports City Pavilion.

Invest for tomorrow with Desai Homes. Contact us to book your apartment near Technopark and Technocity today!