A Comprehensive Guide to Real Estate Investment

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Published: 30th April 2020
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In the past few years, Trichy, an important city in Tamil Nadu, has created a name for itself in terms of creating millionaires. Most of the revenue for the local people comes from real estate. In Trichy, real estate is considered as one of the best options to build wealth through investment. Today, we are going to discuss about the best places to invest in this city so as to get maximum returns in the long run.
What are the locations in sobha elan coimbatore that have given highest returns in recent times?
There has been a quick price appreciation in a number of places in the city, with the best of them happening mostly along the northern part of Trichy. You could check out places like Srirangam, Thillai Nagar, and Edamalaipatti Pudur for this purpose. If you prefer a quick analysis of each of these places, here you go. In Srirangam, the price per sq. feet stands at 4600 INR at the main areas although it might vary by 5% or so from area to area depending on various factors such as public transportation and the presence of educational institutions. Next comes Thillai Nagar. In this area, the pricing is in the range of 5,200 to 5,700 per square feet, which is a bit costlier than Srirangam itself. This is the price recorded in the final quarter of 2014. In addition to these places, the other spots that have shown steady price appreciation include Edamalaipatti Pudur and its neighbourhoods. As of 2014-2015, the price per sq. feet at this place goes at 4,600 per sq. feet.
Where to look for in Trichy for budget plots?
If budget plots are what you are looking for, then the best option is to look out for places in the line of Trichy-Chennai highway route. There is a huge stretch of plots for sale in this line, and according to recent sales reports, the plots are priced at 100 INR per square feet, which is quite reasonable considering that they are on the development side. To pick out places, Kavalkaranpatti is one area preferred by most land buyers as of the latest trend. A bit further, you have the Fathima Nagar area where plots are priced at 110 INR per sq. feet as of the tail-end of 2014.
What are the best places for rental property investment in Trichy?
If you are looking for accommodation purposes, then consider checking out a place like Ponnagar where the rental price for a 2 BHK apartment stands at 10,000 INR per month. Also, there is Thennur where you can rent 2 BHK family homes at 9,000 INR per month. If you are looking for cheaper rental homes, then head to Thiruvanaikoil where there are good apartment homes rented out in the average price of 5,500 INR per month.
Where to purchase budget flats in Trichy?
When looking to buy flats in Trichy, the first thing you need to know is that, most of them are priced in the range of 1300 to 1900 INR per sq. feet. Check out Vishwa Nagar if you are looking for an established area. The price per sq. feet in this part of the city is 1750 INR. On the cheaper side, there is the Shanmuga Nagar which throws affordable flats at a per-square-feet pricing of 1300 INR. Other middle range options include places such as Vishwa Nagar and Mahalakhsmi Nagar.

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