Overview of Meenakshi Nagar, Madurai

Location

Meenakshi Nagar can be found in the neighborhoods of Villapuram and Karuppayurani within Madurai, Tamil Nadu. It falls within the larger Madurai city, making it easy for folks who want to stay near town amenities.

Property Types

• Residential: In this area, you'll see lots of options to live, like standalone houses, flats, and plots. For instance, there are some comfortable 3 BHK standalone homes and also apartments.
• Commercial: This spot holds many options for work, including shops, offices, and godowns, fitting for a variety of business needs.
• Land and Plots: There's plenty of land available, varying in size, perfect for both residential and commercial use.

Price Trends

• Residential:
  • On average, properties here cost about Rs. 7,572 per square foot in the Villapuram part.
  • Per square foot, prices run from Rs. 6,531 to about Rs. 8,888.
  • Some standalone homes come with prices around Rs. 1.2 Cr, on average, ₹12,000 per sq. ft.
• Land and Plots:
  • Residential plots start are available at about Rs. 4.50 Lac for a 436 sq. ft. plot and go up to about Rs. 2.10 Cr for larger ones.
• Rentals:
  • Monthly rentals for houses and apartments usually range from Rs. 6,700 to ₹12,000.

Amenities and Infrastructure

• Meenakshi Nagar: Here in Karuppayurani, you’ll find several amenities including fire alarms, nearby hospitals, reliable internet/Wi-Fi, intercom facilities, a dedicated maintenance team, and power backup.

Market Trends

• The property prices in Meenakshi Nagar took a dip by 14.99% last year but there's a hint it could be a prime chance to buy or sell now.

Availability

• A wide range of listings are on offer for both purchase and rent, including new and ongoing projects.

PropertyWala's Verdict

Meenakshi Nagar in Madurai provides a variety of housing choices, fitting well for both investors and everyday people. While its market trends are shifting, its full range of amenities and infrastructure might make it a smart move to invest. However, those thinking about buying or renting should keep a close eye on market trends and prices to make the best choices. Being in a lively part of Madurai with the option for different types of properties, Meenakshi Nagar should definitely be on your radar if you're looking to buy or rent in the area.