Overview of Nilambur in Malappuram

Nilambur, located in the Malappuram district of Kerala, features a range of real estate options, making it an appealing choice for both buyers and renters.

Property Varieties

Nilambur is known for its diverse property offerings, including:

• Independent Houses: Available in various sizes from 700 square feet to 1650 square feet, with configurations like 2 BHK, 3 BHK.
• Residential Plots: These range from 10 cents to 60 cents, and even bigger areas like 6 acres and 156 acres, suitable for residential or agricultural use.
• Commercial Land: Specifically marked for commercial purposes, such as the 48 cents of commercial land at Chandakunnu.
• Villas and Bungalows: Fully furnished options of villas and bungalows are available.

Property Prices

The prices of properties in Nilambur are influenced by trends in the Malappuram district:

• Starting Price: The starting price per square foot in the district, which includes Nilambur, is about ₹3,100.
• Average Price: Typically, the average price per square foot is around ₹3,853.
• Specific Listings: For instance, a 700 Sqft independent house can cost approximately ₹9.84 lakhs.

Market Growth

The real estate market in Nilambur and Malappuram district is on a positive trajectory:

• Year-over-Year Growth: Property prices show a noticeable year-over-year increase, reflecting a growing market.
• Buyer and Seller Market: Right now, both buying and selling properties in Nilambur seem promising.

Rental Choices

Renters have different options available in Nilambur:

• Houses and Cottages: These are rented out monthly, including cottages and houses in various configurations like 2 BHK.
• Price Levels: Rental prices begin at around ₹5,000 per month for basic accommodations.

Amenities and Infrastructure

Nilambur boasts excellent infrastructure and connectivity:

• Connectivity: It is in a district with good road and public transport, making it easy for residents.
• Neighborhood Amenities: Nearby localities offer various amenities, including schools, healthcare facilities, and shopping areas.

PropertyWala's Take

Overall, Nilambur in Malappuram district shows a promising real estate landscape with its wide variety of properties, upbeat market trends, and solid infrastructure. Whether you’re looking to buy an independent house, a residential plot, or rent, Nilambur has options for different needs and budgets. The current market trends highlight a opportune time for investors and end-users, making it a compelling option for your property needs.