Overview of Namakkal Town, Namakkal

Location and General Information

Namakkal Town forms part of the Namakkal District in Tamil Nadu, India. This place is valued for its rich history, numerous educational institutions, and its growing real estate market.

Property Prices

• Average Price: In the Namakkal District, properties generally fetch around Rs. 8,000 per sqft, yet this may vary within different localities.
• Locality-Specific Prices:
  • Rasipuram, within the Namakkal District, has an average price per sqft of Rs. 3,365. The most expensive property here listed hits Rs. 6,296 per sqft.
  • Other regions like Andavar Nagar, Puduchatram, and Kumarapalayam offer prices from Rs. 1,900 to Rs. 2,267 per sqft.

Types of Properties Available

• Residential Plots:
  • Prices vary between 20.1 Lac and 1.3 Cr, depending on the area. For instance, areas like Rasipuram and Puduchatram have prices lying in this range.
• Apartments and Flats:
  • Options range from 1 BHK to 6+ BHK properties, starting from Rs. 10 Lac and reaching up to 1.05 Cr for luxury apartments.
• Villas:
  • Starting at Rs. 1.05 Cr, with an average price of Rs. 3,500 per sqft.

Rental Market

• House Rentals:
  • Prices in Namakkal Town fluctuate widely:
    • 1 BHK: ₹ 4,500 - ₹ 6,000 per month
    • 2 BHK: ₹ 6,000 - ₹12,000 per month
    • Larger homes: up to ₹13,000 per month

Amenities and Infrastructure

• Educational Institutions: Namakkal offers various educational institutions, welcoming to families.
• Healthcare: The area provides healthcare services through hospitals and clinics.
• Transportation: Good road connectivity and accessible public transportation make Namakkal well-linked.
• Other Amenities: Other amenities include shopping centers, parks, and community facilities.

Investment Potential

• Market Trends: The Namakkal property market is good for buying and selling, with steady and growing prices.
• Affordability: It offers different budget choices, from less than 20 Lakhs to more than 1 Crore, which meet varying investor and buyer interests.

PropertyWala's Conclusion

We can conclude that Namakkal Town has a promising real estate market with mix affordability and luxury properties. The stable price trend makes it a profitable choice for investors and end-users. The wide range of property types ensures different budgets. Moreover, the town's infrastructure and amenities enhance the living experience. Namakkal Town, therefore, is an ideal option for buying or renting property in a growing and stable real estate market.