Overview of Matigara, Siliguri

Location and Amenities

Matigara, part of Siliguri in West Bengal, is popular due to its excellent location and amenities. In close reach are key landmarks, including educational institutions, commercial hubs, shopping centers, markets, and healthcare facilities, making it appealing to both individuals and prospective property investors.

Property Prices

• Starting Price: Starting property prices hit Rs. 694 per sqft.
• Average Price: Average prices are around Rs. 4,208 per sqft.
• Price Range: You can find properties ranging from Rs. 694 to Rs. 9,027 per sqft.

Types of Properties Available

• Apartments: Choices range from 2 BHK, 3 BHK, with some options offering 4 BHK and even 8 BHK layouts.
• Independent Houses: Some standalone homes and villas also pop up within this region.
• Residential Plots: Available starting from around Rs. 5.90 lac.

Rental Options

In case you are renting, Matigara offers versatile options:

• 2 BHK Flats: Priced between Rs. 7,000 to ₹18,000 per month.
• 3 BHK Flats: Rent ranges from ₹25,000 to ₹35,000 per month.
• Amenities: Often, rental properties include amenities like swimming pools, gyms, clubhouses, play areas for kids, top-notch security systems, and power backup.

Market Trends

• Price Movement: The property rates have experienced a year-over-year increase of 14.1%, showing a strong market for potential investors.
• Current Trend: Even with a recent year-over-year dip of -5.78%, generally the buying and selling of properties in Matigara should still be profitable.

Projects and Infrastructure

• New and Ongoing Projects: Matigara is home to multiple ongoing as well as new real estate projects, providing a mix of ready-to-move and under-construction homes.
• Infrastructure: This locality boasts good infrastructure along with excellent connectivity, making it ideal for both living and investing.

PropertyWala's Insight

Matigara in Siliguri provides a vibrant real estate market reflecting its strategic location, variety of property choices, and modern amenities. Whether you aim to buy or rent, this area presents compelling options with good potential for the value of property to grow in the long run. The ongoing and new projects, paired with excellent amenities and connectivity, mark Matigara as an outstanding choice for investors and users alike. Nonetheless, keeping an eye on current trends and fluctuating prices is essential for making informed decisions.