Overview of Gobichettipalayam, Erode

Gobichettipalayam in the Erode district of Tamil Nadu is becoming a hotspot in the real estate market due to its expanding amenities and infrastructure.

Property Prices

• Average Price per Sqft: The average cost for properties in Gobichettipalayam is about ₹3,496 per sqft, starting from as little as ₹2,200 per sqft.
• Price Range: From ₹83.1 Lac to ₹1.55 Cr, residential units are available within a wide price band.

Types of Properties

• Independent Houses: Ready to move in houses like 2 BHK, 3 BHK, and 4 BHK face various directions, including East and West.
• Villas: High-end villas featuring modern amenities are now on sale, often compliant with Vastu principles.
• Plots: Residential plots from 1500 sqft to 2830 sqft are available. You can build up to three floors on some plots.
• Flats and Apartments: Flats starting from ₹45.05 Lac for 2820 sqft are also featured.

Rental Options

• Houses and Apartments: Rents are available for 1 BHK, 2 BHK, and 3 BHK units. Prices range ₹5,000 to ₹12,000 per month based on unit size and location.
• Locations: Rentals can be found in areas like Seethalakshmi Puram, Nehru Nagar, close to Saradha Matric School and Gobi Government Hospital.

Amenities and Infrastructure

• Educational Institutions: Close to schools such as Saratha Matriculation Higher Secondary School.
• Healthcare: Nearby hospitals include Hariharan Hospital and Gobi Government Hospital.
• Transportation: The area is accessible to bus stands and other transport hubs.

Price Trends and Market Growth

• Year-on-Year Growth: Property rates increased by 11.56% last year, showing a profitable market.
• Market Direction: Present price trends suggest a profitable direction for both property buying and selling.

PropertyWala's Final Analysis

Gobichettipalayam in Erode offers a strong chance for buyers and renters because of higher property values, various property types, and enhanced infrastructure. It presents a mix of price and luxury, making it a good investment choice and end-user option. Considering its nearby amenities and upward market, Gobichettipalayam stands as a noteworthy real estate investment location in the Erode district.