Overview of Karunya Nagar, Coimbatore

Location and Neighbourhood

Karunya Nagar lies in Coimbatore, Tamil Nadu, with a postal code of 641114. It is bordered by areas such as Alandurai, Semmedu, and Silammedu nearby.

Educational Institutions

The region houses Karunya University, a key educational institution that offers opportunities for learners.

Property Types and Availability

For Sale:

• The majority of properties in Karunya Nagar are agricultural lands, along with residential plots available.
• Residential land costs vary, with prices ranging from ₹4,508 per sqft for a 1,200 sqft plot to ₹3,000 per sqft for a 900 sqft plot.

For Rent:

• Rental homes in Karunya Nagar primarily feature 1 BHK configurations.
• Monthly rental prices typically range from ₹5,000 to ₹10,000. For example, a 1 BHK residential house might cost around ₹8,000 per month.

Amenities and Infrastructure

• The area is known for providing a peaceful residential environment.
• Basic amenities such as 24/7 water supply and nearby bus stands approximately 1 km away are available.

New and Ongoing Projects

Several real estate projects are under development in Karunya Nagar including:

• G Square Emerald Enclave: Residential plots being constructed.
• Sai Gardenia: Ready-to-move villas.
• Aura Nisarga Avenue III: Villas expected in 2026.
• KR Metrogrand: Ready-to-move villas.
• Star Paradise and Star Heritage: Residential plots in construction and ongoing.
• ABI Oyster: Projects with possession expected in 2025.
• JRD Vistara Green Villas: Projects with possession expected in 2025.
• XS Real Courtyard: Multistorey apartments being built.

Home Loan Options

Interested in buying property? Various home loan deals are available through banks such as Indian Bank, Bank of Maharashtra, HSBC, LIC Housing Finance, and others, with rates between 8.5% to 12.0%.

PropertyWala's Conclusion

Karunya Nagar in Coimbatore features agricultural lands and residential properties, providing a good mix for investors and those looking for a peaceful living environment. With the Karunya University and various new real estate projects, the area holds value. But it's crucial to conduct thorough research and visit the area to gauge its fit for individual needs and preferences. The availability of home loan choices and affordable rent rates make this locality attractive for potential buyers and renters.