Overview of Alleppey Town, Alappuzha

Alleppey Town, nestled in Alappuzha, Kerala, is a lively spot that blends rich history with modern life. Let's dive into the ins and outs of the local real estate.

Property Prices

• Average Price per Sqft: Properties here, including those in Alleppey Town, go for roughly Rs. 3,595 per sqft.
• Price Range: The cost can vary from Rs. 666 to Rs. 5,454 per sqft, depending on location, amenities, and property type.

Types of Properties

• Residential Houses: Find houses ranging from 2 BHK to 5 BHK, priced between ₹30 lakhs and over ₹2.99 crores. Say, a luxury 4 BHK house in Alappuzha town might set you back around ₹68 lakhs.
• Plots and Land: Plots come in sizes such as 3.55 cents, 4 cents, and bigger, priced accordingly. For instance, a 3.55 cent rectangular plot in Alappuzha Town can cost approximately ₹30 lakhs.
• Commercial Properties: Retail and shop spaces are also for sale and lease, especially close to major streets and intersections.

Rental Market

• House Rentals: Monthly rental prices for houses in Alleppey Town range from Rs. 5,000 to ₹27,000. Take a prime location 2 BHK house, it could be around ₹27,000 per month. A 4 BHK house might cost from ₹15,000 to ₹23,000 per month.
• Apartment Rentals: Renting apartments in flats is also possible, with prices varying by bedroom count and location. For example, a 3 BHK apartment in Pazhaveedu area could rent for about ₹13,000 per month.

Amenities and Infrastructure

• Accessibility: This area has good links with major roads, including the National Highway, so getting around by car or public transport is easy.
• Schools and Hospitals: Alleppey Town has plenty of educational and healthcare spots, such as schools and hospitals like Jilla Hospital.
• Local Amenities: You'll find necessary places like markets, shopping centers, and places for worship.
• Recreational Facilities: Close to backwaters and nature spots, the area has both urban and rural living.

Market Trends

• Current Market: The real estate market in Alappuzha, including Alleppey Town, has seen a yearly decline in property prices by -35.47%, suggesting a good opportunity for those planning to invest.
• Investment Potential: Even with this price drop, the area stays lucrative for buying and selling because of its solid demand and development.

PropertyWala's Summary

Alleppey Town in Alappuzha showcases a vibrant real estate scene with options for all buyers and renters. Its blend of history, modern amenities, and solid connectivity makes it an eye-catching spot. To make well-informed choices, stay updated about market trends and fluctuating prices. With its abundant cultural charm and expanding facilities, Alleppey Town promises a bright future for investors and dwellers seeking a lively and beautiful part of Kerala.