Overview of Manauri, Allahabad

Location and Accessibility

Manauri, found in Allahabad (now known as Prayagraj), is notable for its close access to various key amenities and transport links. It's situated near the Manauri Airforce Station, which is a good choice for those seeking a secure and maintained setting.

Property Prices

• For properties at Manauri Airforce Station, the average price ranges from Rs. 4,127 to Rs. 4,921 per square foot, varying by property type.
• Residential plots around 1000 sq-ft can typically be bought for around 23 lakhs.

Property Types and Availability

• Manauri offers residential plots, apartments, and independent houses.
• Many properties fit within the ₹20Lac - ₹40Lac price bracket.

Rental Potential

• Manauri may not be a top rental choice in Prayagraj, but its location could be beneficial given the nearby high-demand areas.
• Civil Lines, George Town, and the Prayagraj University area have solid rental demand that probably affects Manauri positively.

Infrastructure and Amenities

• Close proximity to educational institutions, government offices, and major transportation spots makes Manauri appealing to both tenants and buyers.
• The area might see benefits from Prayagraj’s ongoing infrastructural advancements like metro expansion and road network upgrades.

Market Trends

• Real estate in Prayagraj, especially in Manauri, shows stable but moderate growth with rental yields usually between 2-3% in residential areas.

Pros and Cons

Pros

• Proximity to Essentials: Nearby key amenities, educational facilities, and transport systems.
• Security: Close to Manauri Airforce Station for a secure setting.
• Infrastructure: Gains from Prayagraj's ongoing infrastructure projects.
• Variety in Property Types: Diverse choices like plots, apartments, and independent houses.

Cons

• Rental Returns: Though stable, rental incomes may not match prime Prayagraj areas.
• Market Changes: Property prices and rental income can fluctuate due to local market demand and conditions.

PropertyWala's Conclusion

Manauri in Allahabad offers a balanced choice for someone looking to buy or rent. With its strategic location, diverse property styles, and benefits from ongoing infrastructure projects, it provides stability and potential growth. Even though it might not provide the top rental yields compared to other places in Prayagraj, its security and proximity to essentials make it worthwhile for investors and residents alike. A thorough market study and effective property management can enhance investment returns in this area.