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Karaikal, Puducherry Property Guide
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Overview of Karaikal from a Real Estate Perspective
Location and Connectivity
Karaikal is part of the Union Territory of Puducherry, India. It connects well with others and is close to Nagapattinam NH. This route is only about 900 meters from some of the properties on sale.
Property Types and Availability
- Land and Plots: We see plenty of land and plots here in various sizes. For example, big parcels like those measuring 23.50 acres with frontage and fencing are available, perfect for projects such as hospitals, medical colleges, layouts, villa projects, and gated communities.
- Residential Properties: This area offers many types of residential properties. These include apartments, bungalows, studio flats, farmhouses, and villas.
- Commercial Properties: Apart from residential homes, commercial properties are also available for sale and rental purposes.
Property Rates
- Land Rates: The cost of land varies in Karaikal, from Rs 450 to Rs 1950 per square foot. The rates have hovered around Rs 900 to Rs 1200 per square foot in recent times.
- Specific Listings: When it comes to prices for individual properties, one can expect wide variation. For example, a property measuring 2450 sq.ft. could be listed around 36.75 lac, while much larger plots can command much higher prices based on size and location.
Market Trends
- Appreciation: Over the past decade, land rates have appreciated by 33.3%, indicating a steadily growing real estate market.
- Recent Changes: There has also been a recent change in land rates. For example, as of the April-June 2024 quarter, the rate was Rs 1200 per sq.ft.
Amenities and Suitability
- Infrastructure: Properties here are generally within town panchayat areas. This ensures the availability of basic amenities.
- Projects and Developments: The area is buzzing with new projects and developments, covering both residential and commercial ventures, positioning it as a favorable option for both buyers and tenants.
PropertyWala's Conclusion
Karaikal offers a promising market with different types of properties, good connectivity, and increasing property values. It suits both residential and commercial investments. It holds potential for long-term growth. To make a well-informed decision, prospective buyers or renters should look into the diverse property range, current market trends, and the area's infrastructure.