Overview of Irugur, Coimbatore

Location and Accessibility

Irugur is found in Coimbatore, Tamil Nadu. It's famous for its strategic placement and bustling real estate market. It's easily linked to other parts of the city, making it a hot spot for both buyers and rent seekers.

Property Rates

• Properties in Irugur begin around Rs. 1,381 per square foot, while the average price hits Rs. 5,223 per square foot.

Price Trends

• Even though property prices have dropped by 24.89% recently, we see a growing market. Buying or renting properties here can still be profitable. There have been 16.69% gains in values over the past year. This points to a hopeful upward trend in property values.

Types of Properties

• The area offers several property types: apartments, standalone houses, and builder floors. For example, you can find rent-ready builder floors sized for 2 BHK with 2 bathrooms.

Rental Market

• Renters should be prepared to shell out around Rs. 9,160 monthly for a 2 BHK property.

Factors Affecting Property Rates

• Rates here depend on location benefits, nearby amenities, infrastructure progress, supply vs. demand, local economic activity, and the state of the real estate market.

Investment Potential

• Irugur may not be first on the list for rental income in Coimbatore, but it offers both affordability and good potential in value growth. Areas like Sulur, Neelambur, and Saravanampatti do see higher rental income, but Irugur is still ideal for long-term investments.

Amenities and Infrastructure

• Irugur is close to many amenities: schools, hospitals, shopping malls, and transport links. These are all very important for both locals and investors.

PropertyWala's Conclusion

Irugur in Coimbatore boasts a strong real estate market combining affordability with growth potential. Its strategic spot, wide range of housing choices, and improving infrastructure make it appealing for people wanting to invest and those looking for a comfortable living place. Yet, it's wise to track recent changes in price trends and market updates to make the best choice.