Trivandrum, the capital city of Kerala, is emerging as a top real estate destination for NRIs due to its rapid urban development, IT boom, and superior quality of life. However, before making an investment, NRIs should consider several key factors to ensure a frictionless and profitable real estate purchase.
1. Verify Eligibility for Property Investment For Trivandrum Real Estate
✔ NRIs can invest in residential and commercial properties under the Foreign Exchange Management Act (FEMA).
✔ Agricultural land, plantation property, and farmhouses are not permitted for direct purchase by NRIs.
2. Choose the Right Location

✔ Consider areas with high appreciation potential, such as:
- Kazhakootam (IT Hub – Technopark)
- Vazhuthacaud, Kowdiar (Prime Residential Areas)
- Poojappura, Sasthamangalam (Well-connected, peaceful neighborhoods)
- Areas near Lulu Mall, KIMS Hospital, and upcoming metro stations
3. Check Property Documentation
✔ Verify title deed to ensure clear ownership.
✔ Obtain encumbrance certificate to confirm no legal disputes.
✔ Ensure proper land conversion documents if required.
✔ Check RERA (Real Estate Regulatory Authority) registration for new projects.
4. Developer Reputation & Project Approval
✔ Choose a trusted developer with a good track record.
✔ Ensure project approvals from Trivandrum Development Authority (TRIDA) and other local bodies.
✔ Check if the project has a Completion Certificate and Occupancy Certificate.
5. Financial Considerations & Home Loans
✔ NRIs can avail home loans from banks like SBI, HDFC, and ICICI.
✔ Loan repayment should be done through NRE/NRO accounts.
✔ Understand tax implications, such as TDS (Tax Deducted at Source) on property purchase.
6. Power of Attorney (PoA) in Trivandrum Real Estate
✔ If unable to visit India, appoint a trusted relative or legal advisor through a Power of Attorney to handle property transactions.
7. Currency Exchange & Repatriation Rules
✔ Fund transactions must be routed through banking channels following RBI guidelines.
✔ Repatriation of sale proceeds is subject to FEMA regulations and taxation policies.
8. Rental and Property Management
✔ If planning to rent out, hire a property management service to handle tenants and maintenance.
✔ Understand rental yield trends and legalities of leasing agreements in Trivandrum.
9. Taxation & Legal Compliance
✔ Understand property tax, capital gains tax, and stamp duty obligations.
✔ File an annual tax return if you have rental income from the property.
10. Future Resale and Exit Strategy
✔ Invest in properties with high resale value and demand.
✔ Stay updated on government policies and infrastructure projects affecting real estate.
Investing in Trivandrum’s real estate market can be a rewarding decision for NRIs. By following this checklist, you can make an informed and problem free investment.
Chothy’s Builders offers premium villas and apartments in Trivandrum, perfect for NRIs looking for a secure and high-value investment. 🏡✨