Overview of Mattuthavani, Madurai

Location and Accessibility

Mattuthavani is part of Madurai, India's Tamil Nadu state. Its placement makes it reachable from various parts across the city.

Property Prices

• Starting price: About Rs. 2,575 per square foot.
• Average price: Around Rs. 7,014 per square foot.
• Price range: From lower prices up to Rs. 6,800 per square foot.

Types of Properties

• Residential Plots: On sale for an average of ₹73.1 Lac, with median prices at ₹17 Lac.
• Apartments/Flats: Including 5 BHK units costing Rs. 4.05 Cr for a villa.
• Independent Houses/Villas: Priced between Rs. 6,799 to Rs. 6,801 per square foot.
• Builder Floors: For rent, such as a 1 BHK with 2 bathrooms, 1200 sq ft, costing ₹12,000 monthly.

Price Trends

• Year-over-Year Growth: The property prices slid by 3.44% in the past year.
• Current Movement: Lately, prices indicate a promising time for buying or selling.

Rental Options

• Affordable units such as builder floors are around ₹12,000 per month for a 1 BHK.
• Rented properties usually offer amenities like multiple bathrooms and spacious living areas.

Amenities and Infrastructure

• Given its Madurai position, Mattuthavani likely offers schools, hospitals, shopping centers, and other amenities.
• The area enjoys good infrastructure and connections due to its integration into a well-developed city.

PropertyWala's Conclusion

Buyers or renters looking at Mattuthavani, Madurai, will find both affordable and luxury options. Current trends suggest a good opportunity for investment, especially with average prices hinting at long-term value. Still, it's essential to review year-over-year prices and current market activity to take an informed decision. With a wide range of property types, from residential plots to lavish villas, Mattuthavani serves a broad spectrum of buyers and renters, emerging as a smart choice for Madurai real estate investment.