Overview of Eranhipalam in Kozhikode

Eranhipalam in Kozhikode (also known as Calicut) is a very important place when it comes to real estate. Let’s explore what this area offers to those interested in buying or renting property.

Location and Connectivity

Eranhipalam lies in the heart of Kozhikode, making it central and easy to reach. It enjoys good connection to other cities and local areas. The upcoming monorail in Kozhikode could boost this locality's connectivity even more.

Property Prices

Eranhipalam’s market sees average prices at ₹ 5,000 per square foot, suggesting a high-value zone. Residential areas offer a mixture of villas and apartments. For instance, a villa can go for around ₹2 crores. Similarly, land starts near ₹1.31 crore.

Rental Trends

Rental properties in Eranhipalam begin at approximately ₹ 8,000 monthly. The average Kozhikode rent hovers around ₹ 12,937. This makes Eranhipalam part of Kozhikode’s rental scene, which has seen fluctuations but still stands as a good choice for tenants.

Amenities and Infrastructure

The area offers access to major educational bodies like IIM and NIT, along with major hospitals and IT companies. All these amenities make Eranhipalam a hot spot for families, professionals, and students.

Market Growth

Eranhipalam sees growth from Kozhikode’s real estate boom, driven by NRI investments, tourism, and IT.

Types of Properties

Here's what you can find:

• Residential villas,
• Apartments,
• Land on sale,
• Independent houses,
• Luxury and affordable rental apartments.

PropertyWala's Summary

Eranhipalam in Kozhikode stands out as a top choice for buyers and renters due to its prime location, excellent connectivity, and crucial amenities. Its property market enjoys stable investments, mainly from NRIs, as part of Kozhikode’s larger real estate growth trend. Though property and rent prices are higher, Eranhipalam’s future potential and current infrastructure make it appealing for investors and those looking to live in the region.