Overview of Saram, Pondicherry

Location and Amenities

Saram, found in Puducherry, features both residential and investment potential. This area has good connectivity with essential facilities like schools, hospitals, and public transport. For example, the Manimegalai Government Girls Higher Secondary School and GEM Hospital are nearby.

Property Prices and Trends

• Properties in Saram start at roughly Rs. 5,038 per square foot, averaging to Rs. 5,919 per square foot.
• Over the past year, there's been a 4.59% yearly rise in property rates, showing a growing market.

Types of Properties Available

Residential Properties

• Apartments: You'll find various 2 BHK and 3 BHK apartments with costs ranging from about Rs. 88 lakhs for a 3 BHK apartment having a 1120 square feet carpet area.
• Independent Houses: Choose from semi-furnished and builder-finished 2 BHK units, priced at approximately Rs. 58 lakhs for a carpet area of 960 square feet.

Plots

• Residential plots range from 550 to 5000 square feet. You can expect prices from ₹5.5 lakhs for a 550 square foot plot to Rs. 2.75 crores for a 5000 square feet plot.

Rental Options

• Renters can select between 2 BHK and 3 BHK flats and independent builder floors. Consider a semi-furnished 2 BHK independent floor that’s rented for ₹16,000 monthly.

Investment Potential

• Given current trends and year-over-year growth, buying and selling properties in Saram appears profitable right now.

Infrastructure and Facilities

• The area is filled with critical infrastructure, including schools, hospitals, and more.
• Properties in Saram often provide perks like parking, power backup, swimming pools, and security services.

PropertyWala's Conclusion

Saram in Pondicherry offers a promising real estate market blending affordable with luxury options. Given its upward price trends and diverse property availability, along with proximity to key amenities, it’s a strong pick for both buying and renting. Yet, doing thorough research and assessing your unique needs and budget is vital before deciding.