Panangadi, Madurai
About
Overview of Panangadi, Madurai
Location
Panangadi lies in Madurai, in the Madurai District of Tamil Nadu, India. It's near important parts of Madurai, making it ideal for people wanting easy access to the city's main hubs.
Property Types
The real estate scene in Panangadi is varied, featuring:
- Apartments
- Bungalows
- Studio flats
- Farmhouses
- Villas
- Residential land plots.
Pricing
Prices here vary based on property type and size:
- Residential land plots range from ₹ 50.14 lakhs for a 2,240 sq.ft plot.
- The average price per square foot for flats is Rs. 3,951, with a range from Rs. 2,522 to Rs. 4,481 per sq.ft.
Amenities and Infrastructure
- Panangadi has good connectivity to nearby areas, providing access to schools, hospitals, and shopping centers.
- New projects are enhancing the area's infrastructure, improving the quality of life.
Rental Options
Tenants have many choices in Panangadi. Estate agents can help find flats and other residential rentals.
Property Insights
Pros
- A wide range of properties to meet different needs and budgets.
- Good connectivity to other parts of Madurai.
- Expanding infrastructure and new projects.
- Good long-term investment potential due to the area’s growth.
Cons
- Prices can be variable, and sometimes higher than expected.
- The area might still be developing, affecting immediate access to certain amenities.
PropertyWala’s Take
Panangadi, Madurai, offers good prospects for buyers and renters with its varied property market and improving infrastructure. Though prices are flexible, the connectivity and growth potential make it appealing for real estate investments. It's key to research and visit properties to fully grasp the locality and its benefits.
Reviews
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Price Trends
- Locality ID
- A223750311
- PinCode
- 625106