Trivandrum Land Values Soar as Government Confirms Vizhinjam Port

( June 20, 2013

Trivandrum Land Values Soar as Government Confirms Vizhinjam Port

Trivandrum Land Values Soar as Government Confirms Vizhinjam Port

Trivandrum is best known as the sleepy capital of one of India’s smallest states, Kerala.

This may very well become a thing of the past if the announcement by the Minister for Ports is anything to go by.

The announcement which was widely publicized by local newspapers declares that construction on the Vizhinjam Port will start this year itself (2013) , and that it will be finished within four years.

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The upcoming harbor, which is quite close to Kovalam beach will be the deepest natural harbor in Asia, and is set to rival the ports of Singapore, and Colombo and other Asian ports.

Rumors have been flying that lobbyists for Srilankan ports have been trying to stall the Trivandrum port project.

It is no secret that once the Trivandrum port comes up, it will drain traffic from many South Asian ports.

The natural advantage  afforded by the deep sea means that huge freight ships and cruise ships can come all the way up to the shore instead of anchoring in deeper waters and ferrying people and goods.

To see beautiful Trivandrum and Kovalam Beach, check out this video:

This news has had one immediate and predictable consequence: real estate in Trivandrum has started skyrocketing.

Even remote villages in the hills and valleys  of this sleepy district have been affected.

Penniless farmers have been transformed overnight into millionaire land owners, and money pours into the real estate business.

Millions of dollars are flowing into the Trivandrum land market from places as far off as Dubai and Jakarta and New York.

To find out more about Kovalam beach, Trivandrum check out this site

This has also created a huge problem for low income families, since the soaring land prices effectively puts house ownership beyond their reach.

This in turn has led to a booming apartment market, with numerous northern construction firms making a beeline for Trivandrum.

Only time will tell how Trivandrum port will transform Trivandrum land.



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Posted by on Jun 20 2013. Filed under Featured News, Travel. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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