NRI Real Estate and Property Investment in India
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Commercial Activity Flourishing in Trissur
Monday, February 04, 2008

The second largest commercial hub in Kerala, Trissur is witnessing immense investment. Real estate biggies like Sobha Group have launched projects in Trissur in the recent past. According to the builders located here, there is no let-up in demand and the sector is showing signs of robust growth in the medium term.

While Kochi remains the commercial capital of Kerala, Trissur is rapidly emerging as the 'financial capital'. This is because the city is the headquarters of three leading private sector banks in the state - South Indian Bank, the Catholic Syrian Bank and the Dhanalakshmi Bank. Apart from being the headquarters of state-owned Kerala State Financial Enterprises, Trissur is the base for hundreds of chit funds.

Trissur is also a bustling commercial town. Traditionally, the city is known as the jewellery capital of the state, though of late some of the business has shifted to Kochi. Garments, automobiles and spare parts and others are also part of the booming business in the city. The city has become a shopping destination for the NRIs from the nearby areas.

According to Ramdas Cheloor, managing director, Cheloor Property Development Projects, the share of domestic buyers has gone up considerably, the demand is still powered by the inflow of NRI money.. Around 90 projects are now at various stages of completion in Trissur and its suburbs. Apart from Cheloor and Sobha, the other leading builders in Trissur are SI, Amity, Yasoram and Skyline.

 

 

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