Locality Snapshot: Palazhi, Kozhikode

Location and Access

Palazhi, in Kozhikode, holds a prime place for its strategic spot and excellent links to the city's other parts. Alongside Thondayad and Karaparamba, it’s a sought-after hub for renting and buying homes.

Property Values

The average property price per square foot in Palazhi hits ₹6,520, though prices swing between ₹3,000 and ₹11,250 per square foot. Purchasing mostly sees deals on 3 BHK apartments in the range of ₹80 lac to ₹1.2 crore.

Real Estate Growth

Palazhi's property market has experienced a healthy climb of 24.9% in the past year, signaling robust and escalating real estate demand.

Diverse Property Types

We see a range of properties here – from apartments and villas to individual houses. Renters are spoiled for choice with options like fully furnished, semi-furnished, and unfurnished places, tailored to various budgets and lifestyles.

Amenities and Living Conditions

Palazhi boasts ample amenities and superb accessibility that makes it a top pick for living. It’s close to schools, workplaces, and vital services, boosting the quality of life.

Rental Costs

Rent starts around ₹27,000 per month for a basic, semi-furnished 2 BHK flat. Costs change based on property size, furnishings, and its location.

Hot Projects and Listings

Palazhi has multiple popular projects with apartments and separate houses available both for rent and sale, including fancy, fully furnished options.

PropertyWala’s Final Take

From a real estate standpoint, Palazhi, Kozhikode shines for buyers and renters alike. Its notable yearly rise in property prices, plus strong connectivity and amenities ensure it’s a lucrative investment. Find something luxurious like a 4 BHK flat or a budget-friendly 2 BHK apartment; Palazhi fits many pockets and wishes. With its steady market trends and excellent living standards, Palazhi stands as an area with potential to meet short-term living and long-term investment goals.