Overview of Mallur, Salem

Location and Amenities

• Mallur, located in Salem, Tamil Nadu, offers top-notch amenities and a favorable location. One key place nearby is the Vetri Vikash School, making it perfect for families.

Property Types and Pricing

For Sale:

• Residential Plots: About 67% of the properties in Mallur include residential plots. They can be priced anywhere from up to ₹20 lakhs to much pricier options ranging between ₹1.2 and ₹1.4 crores.
• Apartments: Mainly you will find 2 BHK apartments. These can cost around ₹12.50 lakhs.

For Rent:

• You will find rental houses and apartments. For 2 BHK, prices range from ₹9,500 to ₹11,500 per month, depending on size and layout.

Price Range

• Affordable Segment: Properties go up to ₹20 lakhs, including residential plots and apartments.
• Mid-Range Segment: Costs vary between ₹20 lakhs to ₹50 lakhs.
• High-End Segment: Properties, mainly plots, are priced from ₹1.2 to ₹1.4 crores.

Land Rates

• Land rates in Mallur stretch from ₹550 to ₹4,550 per square foot, which makes it a varied market.

Connectivity and Amenities

• Excellent connectivity and modern amenities give Mallur a peaceful vibe. It's located near major roads and infrastructure, which boosts its attractiveness to both residents and investors.

Home Loan Options

• Several banks offer competitive interest rates. These include GIC Housing Finance, Indian Overseas Bank, South Indian Bank, and Standard Chartered Bank.

PropertyWala's Conclusion

Mallur in Salem presents a mixed real estate market with options for both budget-friendly and top-end properties. Its closeness to schools and modern amenities enhance its appeal. Whether seeking a plot or a ready-to-move apartment, Mallur offers diverse choices. Plus, competitive home loan rates and varied budget options make it ideal for first-time buyers and investors alike.