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Udupi, Karnataka Property Guide
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Overview of Udupi's Real Estate Market
Udupi, found in Karnataka, India, features a vibrant and diverse real estate market catering to a variety of needs and budgets. This rundown offers a detailed guide to help you choose to buy or rent property in Udupi.
Property Prices
- Average Price per Sq.Ft.: Properties here go for an average of ₹3,926 per sqft.
- Price Range per Sq.Ft.: Prices for properties span from ₹2,635 to ₹5,185 per sqft.
- Locality-wise Prices:
- Hayagriva Nagar: ₹4,600 per sqft (₹2,635 - ₹4,890 range).
- Manipal: ₹3,888 per sqft (₹3,333 - ₹4,444 range).
- Maruthi Veethika: ₹5,185 per sqft.
- Eshwar Nagar and Katapady: ₹5,000 per sqft.
Types of Properties
- Residence Varieties:
- Apartments
- Independent houses
- Bungalows
- Studio flats
- Farmhouses
- Villas
- Plots.
- BHK Choices:
- 1 BHK to 6+ BHK places, with distinct pricing for each:
- 2 BHK: ₹68 Lac (₹5,242 avg. price per sqft)
- 3 BHK: ₹60 Lac (₹3,370 avg. price per sqft)
- 4 BHK: ₹2.2 Cr (₹2,528 avg. price per sqft)
- 1 BHK to 6+ BHK places, with distinct pricing for each:
Popular Locations
- Ambalpadi: Prices between ₹42 Lac, with ₹1,050 avg cost per sqft.
- Brahmavar: From ₹1.95 Cr, and costing ₹149 per sqft.
- Indrali: From ₹60 Lac, and ₹3,370 per sqft.
- Katapady: From ₹23 Lac, and ₹480 per sqft.
- Kinnimulki: From ₹2.2 Cr, with ₹2,528 per sqft.
- Manipal: Home to many institutions, it costs from ₹68 Lac, with ₹5,242 per sqft.
Rental Market
- Rent Rates:
- Rental can start as low as ₹6,500 per month.
- Average rent is ₹6,428 per month.
- **Highest Rent: ₹21,500 per month.
Market Trends
- Trend Movement: Udupi’s real estate market has declined over the past six months, like Manipal.
- Investment Tip: Buying and selling in Udupi can be profitable, but market trends should be kept in mind.
PropertyWala's Verdict
Udupi offers a varied real estate landscape for every budget and preference. Whether you want an apartment, independent house, or plot, Udupi provides diverse options. It’s important to follow the market trends since we’re now seeing prices and rental rates drop. This might be a good chance to invest, but careful study and consultations with experts are advised.