Sreekariyam Independent House | 4BHK | New Construction

Ward 4 - Sreekariyam, Thiruvananthapuram Corporation, Thiruvananthapuram, Corporation

₹ 12,500,000 1.25 Cr

Property Highlights

5.5 cents
Plot Area
4
Bedrooms
4
Bathrooms
2700
Sq.ft
2
Parking
1200
Property ID

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Discover the Space

Presenting a meticulously planned independent house, scheduled for completion in 2025, located within Ward 4, Sreekariyam, Thiruvananthapuram. This substantial two-story residence spans 2700 sq ft on a 5.5-cent plot, offering a generous layout of 4 bedrooms and 4 bathrooms. Designed for contemporary living, it includes a secure compound wall with gate, built-in cupboards, kitchen cabinets, and dedicated parking for two vehicles. This east-facing, owner-listed property represents a compelling investment in a thriving locale.

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Quick Facts

Listed byOwner
Year Built2025
Property TypeIndependent House
Total Floors2
FurnishingSemi Furnished

About Sreekariyam, Thiruvananthapuram

Ward 4, Sreekariyam, located within the Corporation limits, is a well-regarded and primarily residential neighborhood known for its peaceful atmosphere and convenient access to urban amenities. It strikes a pleasant balance between a calm, family-friendly environment and proximity to essential services. Characterized by tree-lined streets and a mix of traditional homes and newer apartment complexes, Sreekariyam offers a relaxed lifestyle. Residents benefit from easy access to quality educational institutions, ranging from primary to higher secondary levels, ensuring a strong foundation for families with children. Healthcare needs are well-catered for with readily available medical facilities and clinics. For daily necessities and leisure, residents have a variety of local shops and supermarkets within easy reach, and larger shopping centers are just a short drive away. Public transportation options are plentiful, with frequent bus services connecting Sreekariyam to other parts of the city, making commuting relatively hassle-free.

The lifestyle in Sreekariyam is generally considered laid-back and community-oriented. The area attracts a diverse demographic, including young families, professionals, and retirees, contributing to a vibrant and inclusive social fabric. Buyers are drawn to Sreekariyam for its combination of tranquility, convenience, and access to quality education and healthcare. The perceived safety and well-maintained infrastructure are also significant factors. From an investment perspective, Sreekariyam holds considerable potential. Its strategic location, coupled with increasing demand for housing, makes it an attractive option for both homeowners and investors seeking long-term appreciation and rental income. The ongoing development in the surrounding areas is further expected to boost the property value in Sreekariyam, making it a promising prospect for those looking to invest in the real estate market.

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Frequently Asked Questions

Data enriched FAQs with helpful insights and visuals

01

What is the sale price of this Property?

This Property is priced at ₹1.25 Cr. This works out to approximately ₹4,630 per square foot. The price may be negotiable based on market conditions, property age, and your payment terms. Contact the seller to discuss financing options and potential discounts for cash buyers or quick closures.
02

What is the built-up area of this property?

The built-up area is 2,700 square feet. This is a large, luxurious space providing exceptional room for all family needs with premium lifestyle amenities. This includes all rooms, corridors, balconies, and covered spaces as per the approved building plan.
03

Can I get a home loan for this property?

Yes, banks and NBFCs offer home loans for this property. Based on the price of ₹1.25 Cr, you'll need a downpayment of approximately ₹25.00 L (20%). For the loan amount of ₹1.00 Cr at 8.75% interest rate for 15 years, your approximate monthly EMI would be ₹99,945. Over 15 years, you'll pay ₹1.80 Cr in total (₹1.00 Cr principal + ₹79.90 L interest). Current interest rates range from 8.5% to 9.5% depending on your credit score, bank relationship, and loan amount. Compare offers from SBI, HDFC, ICICI, Axis Bank, and LIC Housing Finance.
04

Is the listed price negotiable?

Yes, property prices are often negotiable. In this market, deals typically close 2-6% below the asking price. For this property listed at ₹1.25 Cr, you could realistically negotiate to ₹1.18 Cr - ₹1.23 Cr, potentially saving ₹2.50 L to ₹7.50 L.

Price Negotiation Scenarios

Negotiation success depends on several factors: property time on market (properties listed 90+ days see higher negotiation), seller urgency, your payment terms (cash buyers have more leverage), market conditions, and property condition. Get a professional valuation (₹5,000-10,000) to strengthen your negotiation position. Research recent sale prices of comparable properties in the area. Make your first offer 7-10% below asking and negotiate from there.
05

What is the annual property tax?

For this property in Corporation, annual property tax is calculated on Annual Rental Value (ARV). With a property value of ₹1.25 Cr, the estimated ARV is ₹7.50 L (6% of property value). Corporation tax rate is typically 6-8% of ARV. Your annual property tax would be approximately ₹45,000 to ₹60,000.

Property Tax Component Breakdown

Tax is payable in half-yearly installments with 5-10% rebate for advance full-year payment. Vacant land attracts lower tax. Keep tax receipts updated for loan eligibility and future sale.
06

What is my total cost in the first year of ownership?

Here's your complete first-year ownership cost breakdown for this ₹1.25 Cr property:

One-Time Upfront Costs:
  • Downpayment (20%): ₹25.00 L
  • Registration & Stamp Duty (10%): ₹12.50 L
  • Legal & Documentation: ₹30,000
  • Brokerage (if applicable, 2%): ₹2.50 L
  • Total Upfront: ₹40.30 L
Recurring Costs (First Year):
  • EMI (12 months @ ₹99,945): ₹11.99 L
  • Property Tax: ₹52,500
  • Maintenance: ₹64,800
  • Home Insurance: ₹8,000
  • Total Recurring: ₹13.25 L
Grand Total (Year 1): ₹53.55 L

Upfront Cost Breakdown

First Year Recurring Expenses

Loan Principal vs Interest

From Year 2 onwards: ₹13.25 L annually (EMI + tax + maintenance + insurance). Budget an additional 10% buffer for unexpected repairs or expenses.

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