Namakkal, Tamil Nadu Property Guide
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Namakkal, Tamil Nadu Real Estate News
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An Overview of Namakkal Real Estate
Namakkal, situated in Tamil Nadu, India, features a vibrant and rapidly growing real estate market, catering to different needs and budgets. Let's explore everything essential for someone looking to buy or rent property in this city.
Typical and Range of Property Prices
- The average cost of properties in Namakkal sits at around ₹5,964 per square foot, with a yearly increase of 34.93%.
- Prices vary from ₹3,703 to ₹8,000 per square foot.
Popular Localities
- Rasipuram: Known for affordability and amenities. Prices range from ₹12 Lac to ₹1.3 Cr. with an average cost of ₹2,267 per square foot.
- Tiruchengode: Offers properties priced up to ₹8,000 per square foot, often regarded as expensive.
- Puduchatram: Prices range from ₹6 Lac to ₹35.88 Lac, averaging ₹1,433 per square foot.
- Kumarapalayam: Limited but affordable options at around ₹36 Lac and ₹1,822 per sq ft.
- Andavar Nagar: Properties range from ₹10 Lac to ₹1.05 Cr., averaging ₹1,900 per square foot.
- Periyapatti Road: Features high-end options around ₹50 Lac and averaging ₹2,500 per square foot.
Types of Properties Available
- Plots/Land: Available in various neighborhoods, starting at ₹6 Lac and averaging ₹1,837 per square foot. These plots often allow multiple floors.
- Villas: Luxury options particularly in areas like Kolli Hills, priced around ₹1.05 Cr. to ₹2 Cr., averaging ₹3,500 per square foot.
- Independent Houses: Come in different configurations such as 2 BHK, 3 BHK, and 6 BHK, ranging from ₹20 Lac to ₹95 Lac depending on locality and amenities.
- Flats/Apartments: More affordable starting from around ₹2.00 Lac, especially in Rasipuram.
Budget Segments
- Under ₹20 Lakhs: Options available including plots and smaller homes.
- Under ₹50 Lakhs: Wide range of properties including larger plots and houses.
- Under ₹1 Crore: High-end plots and bigger independent houses.
- Under ₹2 Crore: Luxury villas and high-end independent houses.
Amenities and Infrastructure
- Nearby Landmarks: Many properties close to key landmarks like bus stands, railway stations, schools, and hospitals.
- Good Connectivity: Plots and properties along major roads, including NH44, ensuring good access.
- Community Facilities: Some gated communities offer amenities such as 24/7 security, compound walls, intercom facilities, and RO water supply.
PropertyWala's Insight
Namakkal offers a mix of affordable and luxury real estate, with notable growth. The market is set to attract investors and buyers alike. Thanks to its growing range of properties and improved infrastructure, Namakkal is perfect for settling down or investing. Keep an eye on price trends and market shifts for the best choices. From budget-friendly plots to luxurious villas, Namakkal fits every buyer's needs and budget.