Overview of Chelavoor, Kozhikode

Property Prices

• Starting property prices in Chelavoor are Rs. 1,920 per sqft. The typical price is Rs. 3,710 per sqft.
• Prices range from Rs. 1,920 per sqft to Rs. 5,500 per sqft.

Property Types

• Chelavoor offers many choices like:
  • Standalone houses
  • Villas
  • Residential land
  • Commercial plots
  • Apartments and bungalows

Recent Market Trends

• Property rates have fallen by 33.33% year-over-year (Y-o-Y) in the past year.
• Despite the drop, the price trends suggest both buying and selling are likely to be profitable now.

Available Properties

• Examples of properties include:
  • A 3 BHK, 1400 SqFt house on 5 cents of land
  • 40 cents of residential land
  • 15 cents of commercial plots
  • 3 BHK villas of 1950 SqFt on 5 cents of land

Rental Market (in Context of Kozhikode)

Specific rental data for Chelavoor is sparse, but:

• Kozhikode rental properties start at ₹ 8,000, with averages about ₹ 12,937 per month

Connectivity and Development

• Chelavoor falls under the Calicut corporation, implying access to urban amenities and great connectivity.
• Infrastructure and services here support many property types.

PropertyWala's Conclusion

To buy or rent in Chelavoor, Kozhikode, the area offers a mix of opportunities and issues. Falling property prices might tempt buyers. However, carefully watching the market trends is key. Thanks to a broad range of property types and various amenities, Chelavoor stands out. Yet, buyers should think hard about the market and its future growth before making choices.