Overview of Iyer Bungalow, Madurai

Location and Accessibility

Iyer Bungalow is a key spot in Madurai, famous for its central location and great connections. It's near key workplaces, schools, hospitals, and essential services. The area is right by the Madurai-Theni Highway and the Madurai Outer Ring Road, providing easy access to almost every part of the city.

Infrastructure and Amenities

• The area features wide roads and strong infrastructure.
• Closeby are famous schools including Vikaasa, Queen Mira, and Aurobindo Mira.
• The area also has top-notch hospitals like Meenakshi Mission Hospital.
• Key employment locations such as HCL and HoneyWell IT Park are nearby.

Property Types and Prices

• Residential Plots:
  • Available in numerous sizes, such as 1200 sq.ft. with 49.0 mt length and 30.0 mt width.
  • Prices range from ₹4.30 lakhs to ₹23 lakhs, with an average price per sq.ft. from ₹986 to ₹5,336.
• Houses and Apartments:
  • Both independent houses and apartments have options starting around ₹833 per sq.ft. with an average of ₹4,593 per sq.ft.
• Rental Properties:
  • Several rental opportunities include warehouses, shops, and office spaces starting at ₹40,000 for a 1800 Sq.Ft. warehouse space.

Market Trends

• The real estate market in Iyer Bungalow includes properties starting at ₹833 per sq.ft. with an average of ₹4,593 per sq.ft.
• Over the past year, prices have dropped by 47.09%, showing an excellent period for investment.

Community and Environment

• The locality comes with a gated community setup featuring complete wall enclosures.
• Good groundwater levels and a fertile surrounding close to a river system.
• Residential areas are kept tidy and secure, making it a great place to live.

PropertyWala's Conclusion

Iyer Bungalow in Madurai offers a strong choice for both buyers and renters thanks to its great position, robust infrastructure, and proximity to main amenities. The variety of property types along with competitive pricing make it a notable pick for real estate investment. With its safe and clean residential settings, Iyer Bungalow promises a convenient and pleasant lifestyle. However, it's important to watch market trends and current prices to make wise decisions.