Trichy Real Estate Embraces Vertical Growth in City Core
In a significant shift, real estate developers in Trichy are increasingly focusing on high-rise residential projects within the city's core areas, as horizontal expansion in peripheral regions slows down. This strategic move aims to address the growing housing demand while navigating land constraints and infrastructure limitations.
Land and Infrastructure Challenges Drive Change
According to data from the Tamil Nadu Real Estate Regulatory Authority (TNRERA) and pending clearances, at least five new high-rise residential towers, each exceeding 18.3 metres in height, are expected to be developed in Trichy over the next two years. Developers cite major growth corridors like Panjapur along the Trichy–Madurai National Highway as lacking adequate large land parcels and essential civic amenities, such as underground drainage (UGD) and reliable drinking water supply, which are crucial for massive housing developments.
As a result, builders are turning their attention to vertical expansion in well-established neighbourhoods, including Cantonment, Woraiyur, and Crawford. These areas already benefit from robust civic infrastructure, making them more viable for high-rise projects. P Ravichandran, a realtor and president of the National Real Estate Development Council (Naredco) TN South, explained, "Though the Panjapur new bus terminus was commissioned, surrounding areas were not properly groomed to become a satellite town in the future. Builders are capitalising on existing civic amenities like UGD connections and wider roads, focusing more on developing high-rise towers within the city."
Rising Acceptance of High-Rise Living
Emerging growth corridors, such as areas near Viralimalai, are largely composed of smaller residential plots and layouts, which limit opportunities for large gated community projects. Concurrently, acceptance of high-rise living has grown in Trichy, a tier-II city, particularly among younger buyers seeking modern amenities and convenience.
Currently, two high-rise residential projects are under construction in Trichy. Real estate sources indicate that Ramji Nagar along the Trichy–Dindigul National Highway is likely to see the development of a 23-floor residential tower, highlighting the trend towards taller structures. Over the past four years, TNRERA has approved 82 residential projects in Trichy, the highest number in Tamil Nadu after Chennai and Coimbatore, underscoring the city's active real estate market.
Future Outlook for Trichy's Housing Market
This pivot to vertical expansion reflects broader trends in urban development, where cities like Trichy are adapting to land scarcity by building upwards. The focus on core city areas not only leverages existing infrastructure but also caters to evolving buyer preferences for high-density, amenity-rich living spaces. As developers continue to innovate, Trichy's skyline is set to transform, offering new housing options that meet the demands of a growing population.
