Overview of Marakkanam, Villupuram

Location and Connectivity

• Marakkanam is strategically situated in the Viluppuram district of Tamil Nadu, India.
• This position puts it near the Chennai-Pondicherry ECR (East Coast Road), enhancing its appeal for those desiring easy access to major cities like Chennai and Pondicherry.

Property Prices and Trends

• The starting price for properties here is around Rs. 476 per sqft.
• On average, properties in Marakkanam cost about Rs. 2,169 per sqft.
• Noteworthy is a 16.69% drop in property rates over the past year, hinting at a current buyer's market.

Types of Properties Available

• Residential plots are among the options, which vary from 800 sqft to large areas as big as 13,500 sqft or even acres. These plots are typically freehold and suitable for new constructions.
• Besides, you will find apartments and villas, some in gated communities offering features like swimming pools, clubhouses, and private beach access.
• Commercial lands and plots cater to different business requirements.

Amenities and Infrastructure

• Many properties feature modern amenities like swimming pools, clubhouses, indoor and outdoor games, ATV and battery car facilities, and well-maintained gardens.
• The locality offers good road connectivity, including 40 feet black top roads and essential facilities like EB electricity, water supply, and street lights.

Investment Potential

• Marakkanam emerges as an excellent spot for long-term investments, particularly for constructing holiday homes or beach-facing villas.
• A lot of plots and projects have RERA (Real Estate Regulatory Authority) and DTCP (Directorate of Town and Country Planning) approval, providing regulatory compliance and ensuring investor security.

Rental Market

• Currently, rental options in Marakkanam are minimal, and no properties were available at the latest count. Hence, the area leans towards sales rather than rentals.

PropertyWala's Conclusion

Marakkanam in Villupuram stands out with affordable prices, strong connectivity, and modern amenities, making it attractive for buyers and investors alike. Though we see a recent slump in property prices, growth potential and its beautiful proximity to the ECR highway present a compelling outlook. Renters, however, might need to look elsewhere due to scarce rental choices. Overall, Marakkanam offers a balanced investment or purchase opportunity in a promising and reasonably priced real estate market.