Which are the best micro markets in Trichy for the buyers in the mid segment?
Those who are looking for mid segment properties in the city should be willing to spend anywhere between INR 2600 to INR 3000 per square feet on average. Micro markets in the northern and north western parts of the city are perfect for mid segment buyers. Up north Srirangam and Thiruvanaikoil offer good choices in the category. The going rate for apartments in Srirangam stands at INR 2600 per square feet on average. Apartments in Thiruvanaikoil are priced at INR 3000 per square feet on average. Ramalinga Nagar which is located in the north western part of the city also has mid segment properties which cost INR 2700 per square feet on average.
Which are the best micro markets for the buyers in the luxury segment?
Luxury properties in Tirchy are priced between INR 6000 and INR 8000 per square feet. In the north western part of the city Puthur has luxury properties which are priced at INR 6100 per square feet on average. One can also look at the Cantonment which is located in the central part of the city. Luxury properties here are priced at INR 6800 per square feet on average. In the northern part of the city, Thillai Nagar is known as a hub for luxury abodes. Here the going rate for such properties stands at INR 8000 per square feet on average.
What is the minimum amount required to investment in real estate in the city?
If you are looking to invest in a plot then keep aside at least INR 2 lakhs. This would get you a 1000 square feet plot in areas such as the Trichy Chennai National Highway, Kavalkaranpatti, and Fathima Nagar. A minimum of INR 20 lakhs is required for an apartment which measures 1000 square feet. One can purchase apartments for this amount in micro markets such as Vishwa Nagar, Tollgate, Shanmuga Nagar, and Mahalakhsmi Nagar.
Which are some of the upcoming localities in the city?
The northern parts of the city are becoming popular with buyers. Properties along the Trichy Chennai National Highway are some of the cheapest ones that can be purchased in the city. Another upcoming real estate destination in the northern part of the city is Fathima Nagar. In the western part of the city, Kavalkaranpatti is considered to be a real estate destination which is giving the established micro markets a run for their money. Plots here can be purchased for INR 100 per square feet on average.
Kavitha Ravi for IndiaProperty.com
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