Overview of MG Road Area, Thrissur

Location and Connectivity

• MG Road in Thrissur lies centrally, connecting to key transportation hubs, business districts, and amenities.
• This area scores a perfect 5.0/5 for its excellent accessibility and convenience.

Property Types and Prices

• Residential Properties:
  • You will find houses and villas priced between ₹40 lakhs for a 2 BHK villa and ₹90 lakhs for a 5 BHK house.
  • Also available are 3 BHK flats, perfect for both purchase and rental.
• Commercial Properties:
  • The road hosts modern malls and retail spaces, with commercial property costs ranging from ₹10,000 to ₹15,000 per square foot. This makes it excellent for retail and commercial ventures.

Rental Options

• Apartments:
  • Renting a 3 BHK flat can cost ₹12,000-₹20,000 monthly, plus a security deposit of ₹1.2 lakh.
  • Studio apartments are available for those seeking smaller spaces.

Amenities and Infrastructure

• Shopping and Entertainment:
  • Main streets like MG Road and Swaraj Round feature modern malls and outlets, offering top-notch shopping and entertainment.
• Business Hubs:
  • The area is near commercial hubs such as East Fort and Punkunnam, great for office spaces and retail businesses.

Demand and ROI

• Investment Potential:
  • MG Road is in high demand, promising a great ROI for both property types. The average price per square foot is ₹13,514, signaling a valuable investment.
• Growth Prospects:
  • Anticipated growth rates of 8-10% for residential and 10-12% for commercial properties make this a lucrative choice for long-term investments.

PropertyWala's Conclusion

Thrissur's MG Road is an appealing place for property purchases or rentals due to its central location, excellent connectivity, and robust infrastructure. It brings diverse residential and commercial options for buyers and investors. Even with the relatively high prices and potential land scarcity, MG Road’s cultural importance, modern amenities, and promising growth prospects make it a top-pick for a secure real estate investment.