Which are the emerging residential hubs in Trichy?

Over the past few years, the city has been witnessing enormous real estate developments in terms of commercial and residential sector. Some of the major factors for the realty demand here include improving physical infrastructure, affordable property rates and presence of good social infrastructure like reputed schools, colleges, health care units etc. Following are some of the upcoming micro-markets in Trichy that are witnessing huge demand for residential properties;

The home buyers who are looking for mid-segment homes in Trichy would have to spend anywhere between INR 2800 to 3200 per sqft on average. Some of the localities in the northern and north western parts of the city are considered to be the best option for mid segment buyers. Particularly, Thiruvanaikoil and some of the areas in Srirangam offer multiple options in this category.

The going rate of apartments in Thiruvanaikoil stands INR 3000 per sqft. The price of apartments in Srirangam starts from INR 2600 per sqft. Some of the ongoing residential projects in Srirangam include Ponni Delta, Bharath Green Garden and much more. Located in north western part of the city, Ramalinga Nagar also offers several mid segment homes which are priced at INR 2700 per sqft.

When it comes to luxury homes in Trichy, the home buyers would have to spend between INR 6000 and INR 8000 per square feet. Puthur which is located in the north western part of the city has luxury properties with prices ranging from INR 6100 per sqft.

The property buyers can also consider Cantonment which is situated in the centre part of the city. There are several new projects here which include Jeyams Sanjay Enclave, Hygrevar Lavanyaa Brindavanam, Mark Residency and much more. Located in north Trichy, Thillai Nagar is also renowned for luxury segment homes. The price of the luxury homes here stands at INR 8000 per square feet.

What is minimum budget needed to buy a property in Trichy?

If you are looking to buy a land in Trichy then you will you should be willing to spend at least INR 2 lakhs. The localities such as Trichy Chennai National Highway, Kavalkaranpatti, and Fathima Nagar offer several residential lands. To buy an apartment which measures 1000 square feet, one has to spend a minimum of INR 20 lakhs. The home buyers can purchase apartments at localities such as Vishwa Nagar, Tollgate, Shanmuga Nagar, and Mahalakhsmi Nagar.

In recent times, the northern parts of the city are becoming more popular with property buyers. The residential projects those are located along the Trichy Chennai National Highway are considered to be the best choice for buying affordable homes.

Another emerging real estate market in the northern part of the city is Fathima Nagar. In the western part of the city, Kavalkaranpatti is also witnessing a good demand for properties, as the property prices are very cheaper here. The residential plots here can be purchased at INR 100 persquare feet.

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