Overview of Tilakwadi, Belgaum

Tilakwadi, situated in Belgaum (also known as Belagavi), Karnataka, Karnataka, stands out as a good place for both investors and tenants in real estate. Dive into the details about this locality with a real estate focus.

Property Prices

• Average Price per Sqft: Typically, the cost of properties in Tilakwadi is around Rs. 5,312 per sqft. We see them from Rs. 5,000 to a high of Rs. 5,670 per sqft for premium options.
• Property Value Range: This area has homes for sale ranging between ₹34.2 Lac to ₹1.07 Cr. Think of options from 1-5 BHK flats to standalone houses.

Types of Properties

• Flats and Apartments: We find various flats here, including 1 BHK, 2 BHK, 3 BHK, and 4 BHK units. They often come semi-furnished or fully furnished and rest in gated communities featuring amenities such as elevators, clubhouses, gyms, and swimming pools.
• Independent Houses: Large and modern, these houses range from 3 to 6 BHK and have prime locations with top-notch construction materials.

Amenities and Infrastructure

• Vastu Compliance: Many homes in Tilakwadi observe vastu principles, offering a balanced living space.
• Premium Materials: The properties showcase quality materials including red burnt bricks, upscale sanitary items, and vitrified tiles.
• Community Amenities: Gated communities provide round-the-clock security, video surveillance, clubhouses, gyms, and pools.
• Strategic Location: Homes are near major spots such as the 1st gate of Tilakwadi and the jail school, plus areas with vegetable markets, milk booths, and bus stops.

Rental Options

• Monthly Rent: Rentals range from around ₹7,000 for a 2 BHK apartment to ₹35,000 for a 3 BHK unit. Standalone houses rent around ₹50,000 monthly.
• No Brokerage Fees: Property owners often list rentals directly, skipping broker fees.
• Additional Facilities: Some rental flats come with extras like gas hookups, wardrobes, and covered parking spaces.

Market Trends

• Year-over-Year Growth: Property values in Tilakwadi dropped 6.64% recently, suggesting a buyer's market.
• Current Market State: Even with the decrease, the locality is profitable for property sales and buys, motivating investors and individual buyers.

PropertyWala's Conclusion

Tilakwadi, Belgaum, provides a blend of affordability, great building quality, and convenient locations, making it appealing for buyers and tenants alike. A variety of property types, comforts, and competitive prices suit families, bachelors, and investors seeking a balanced and pleasant living environment. Looking at the current market conditions, it is an optimal moment to buy or rent a property here, benefiting from present price dynamics.