In encouraging news for Tirunelveli, it is set to become a powerhouse in the renewable energy sector with a groundbreaking development that is set to transform the city’s landscape. The U.S. International Development Finance Corporation (DFC) has approved a USD 425 million investment for a state-of-the-art 4.3 GW solar cell and module manufacturing plant in the heart of Tirunelveli.
This initiative is expected to create over 2,000 job opportunities for locals, with a special focus on empowering women from the surrounding areas.
On the other side, under the Smart City Mission, the Tirunelveli Smart City Special Purpose Vehicle (SPV) has identified 19 major development projects, set to be executed at an investment of Rs 310.64 crore.
This has two inferences: one, the boost in industrial and commercial real estate investments leading to bringing in more of such investments and on the other hand, parallelly, this will also shoot up the residential real estate investment.
Let’s dive more into how the Tirunelveli smart city initiative has an impact on real estate investment in Tirunelveli.
Tirunelveli’s Smart City Vision
Under Tirunelveli smart city vision, the city will undergo a transformation that aims to incorporate smarter city operations, cleaner environments, and improved infrastructure. Innovations like advanced waste management systems, smart highways, and rooftop solar electricity are among the exciting projects the government is rolling out.
Additionally, the city is also introducing green spaces, contemporary bus stops, and safer traffic patterns to create a sustainable and user-friendly urban environment. The smart infrastructure and sustainable solutions being implemented will have a positive effect on property values and attract both investors and residents who prioritise modern living with a focus on sustainability.
Why you should consider for residential and commercial real estate investment in Tirunelveli?
Educational hub
Tirunelveli city has 80 schools: 29 higher secondary schools, 12 high schools, 22 middle schools and 17 primary schools.
The city is an educational hub of southern India, with institutions such as Tirunelveli Medical College, Govt. Siddha Medical College, Veterinary College and Research Institute Tirunelveli, Tirunelveli Law College, Sarah Tucker College (first college for women in south India), Government College of Engineering, Anna University Regional Campus – Tirunelveli, Manonmaniam Sundaranar University and much more.
Rising employment opportunities
Tirunelveli smart city vision is bound to attract numerous employment opportunities. With major infrastructure projects underway, the city will attract a wide range of industries, creating numerous job opportunities in sectors such as IT, healthcare, education, manufacturing, and retail. This will not only boost local employment but also draw skilled professionals from across the country, making it an ideal location for both residential and commercial real estate investment.
Connectivity and commute
Tirunelveli is well-connected by road, rail, and air, making it an important transportation hub in southern Tamil Nadu. The city’s network links it to various major cities across the region and beyond. The city is located on NH 44, 150 km south of Madurai and 91 km north of Kanyakumari.
NH 138 connects Palayamkottai with Tuticorin Port. Tirunelveli is also connected by major highways to Kollam, Tiruchendur, Rajapalayam, Sankarankovil, Ambasamudram and Nazareth.
Airport connectivity:
– Tuticorin Airport (TCR), 22 km east of Tirunelveli (daily flights to Chennai and Bangalore).
– Nearest international airports are Madurai International Airport (150 km away) and Thiruvananthapuram International Airport (130 km away).
Bus connectivity:
The main bus stand, renamed as Bharat Ratna Dr. MGR Bus Stand, has been developed under the Tirunelveli Smart City Projects at a total cost of Rs. 50.72 crores (500.72 million). Other major ones are the Junction and Palay bus stands.
The State Express Transport Corporation has intercity services to Bangalore, Chennai, Kanyakumari, Trivandrum and other cities.
Rail connectivity:
Tirunelveli Junction is one of the oldest railway stations in India. The key railway routes are Tirunelveli to Madurai, Sankarankovil, Nagercoil, Trivandrum, Sengottai, Kollam, Tiruchendur, and more.
Lucrative residential investments
Apart from the Tirunelveli smart city initiative, there are growing commercial establishments in IT SEZ at Gangaikondan village, Tirunelveli, that have opened up significant opportunities for both employment and residential growth in the region. With major IT companies like Syntel International Pvt. Ltd., Sutherland Global Services, and others already operating in the SEZ, there is a growing demand for skilled professionals in the IT and ITES sectors. As the workforce in the area grows, there will be a rising need for quality housing, modern amenities, and social infrastructure, and so will the demand for residential and commercial real estate investment avenues.
This can be a great real estate investment opportunity and leverage the demand; what more, you can have your own independent home and also earn rental incomes, giving you great returns on your investment.
Choose G Square Artistic Enclave in Karaierrupu, Tirunelveli, to build your independent dream home
G Square Artistic Enclave offers you residential plots at lucrative prices and is located at a prime location that offers seamless connectivity to major social infrastructure, making it an attractive avenue for real estate investment.
G Square Artistic Enclave Highlights:
- 400 Villa Plots ranging from 1.72 Cents Onwards spread over a land extent of 20 acres.
- 1 min from Madurai road.
- 1 min from Amirta Vidhyalayam.
- 40 world-class amenities.
- 1 year of free maintenance.
- 24×7 CCTV surveillance.
- Perfect documentation.
- Well–laid black top internal roads with street lights.
- Post–purchase guidance for easy construction.
- Ready to construct Villa plots.
Secure your dream home today, contact us here.
