SKP Tower

By: SKP Realtors in Thrippunithura

SKP Tower - an exclusive gated, secure, perfectly planned Residential build out in Kochi where all the inhabitants necessities are within easy walking distance. It consists of 1 of ultra-luxurious Apartments with the finest textures and finishes. Splendid outdoor and indoor spaces, parks, sports facilities and super-marts all a short walk away complete the best living experience at SKP Tower. These beautiful Apartments are situated at Thrippunithura. It is spread over an area of 1.00 Acres with 15 number of units .

The SKP Tower is currently ongoing. The SKP Tower is meticulously designed and exclusively planned with world class amenities and top line specifications such as 24Hrs Backup Electricity, Covered Car Parking, Landscaped Garden, Lift, Rain Water Harvesting and Waste Disposal. There are total 15 units in SKP Tower.

Thrippunithura is a suburb located to the east of Kochi city. It is known for its historic significance as the capital of the old kingdom of Cochin. It is also known by the sobriquet land of temples because of the large number of temples in the region. Thrippunithura is also home to the largest archaeological museum in Kerala, which was opened in the year 1865.

Situated away from the chaos of the city, the town provides a peaceful environment, and is a place people move to eventually. The large number of schools and colleges in the region is an added bonus.

The suburb has generated considerable interest among construction companies and potential property buyers due to its peaceful atmosphere. Many new buildings and residential projects are thus under construction and being launched in the region.

Connectivity and transit points

Major roads passing through Thrippunithura are the NH-47A and the Ettumanoor-Ernakulam Road. Both the Kerala State Road Transport Corporation buses and private buses ply along all major stops in the suburb. In addition, auto-rickshaws are available for local travel.

Thrippunithura railway station is a major railway station in Ernakulam district. Major express and passenger trains stop here. It also links Ernakulam and Kottayam.

The distance to Cochin International Airport is about 34 km.

Major landmarks

• RLV Music College
• Sree Poornathrayesa Temple
• Kallikota
• Sree Rajarajeswari Temple
• Thrippunithura Cricket Club
• Hill Palace at Thrippunithura
• Hill Palace Museum

Factors for growth in the past

Due to the rising cost of property around the Kochi region, combined with the problems associated with urban environments, many felt the need for a peaceful locale that didn’t isolate them from the major town. The humble suburb of Thrippunithura fit the bill and many started settling down in this region. The gradual influx of people led to the development of the region in a planned manner, and it became the relaxing retreat we see today.

Residential & Commercial Market

Layouts and plots constitute a huge chunk of the real estate available in Thrippunithura, followed by apartments, houses, and villas. Plot prices have seen a fall in value from the first quarter of 2013. The average cost of plots in the third quarter of the same year was Rs 690 per sq. ft and the average cost of individual houses are Rs 4,000 per sq. ft. The average cost of apartments and flats hold steady at Rs 3,200-3,400 per sq. ft. Few commercial spaces are available in the region.

Major challenges

Due to the large number of schools, buses get crowded during the mornings. The region also receives heavy rainfall during monsoon, which cause minor floods from May to August. In addition to this, garbage problems in the area persist, which the municipality have not looked into in an effective manner.

Factors for growth in the future

Thrippunithura has a large number of completed and ongoing building projects. The serene environment combined with ease of access to major towns by rail and road make this a key location for settling down.

Because of the low cost of real estate combined with infrastructure development, Thrippunithura is making waves in the real estate market as a hot property. The area is also set to develop commercially in the near future, which will increase the demand for more property. Investors can also expect higher returns from properties in the region.

Many firms such as Anta Builders, Santhi Homes and Skyline Builders have projects in this peaceful suburb. This will help in developing the town further.