From the title everyone can guess tht this posting is gonna gonna be abt some racing stuff lik tht nothing. all tht i am speaking abt the real estate and land rate in trichy circle unlike in other cities, it is recession-free.
The growth has been slow, yet steady. Prices have escalated in the last year to touch hike .......
some of the top areas in trichy
- Nsb road
- Thillainagar
- Cantonment
- Srirangam
While realty prices have soared in sparsely-populated areas like Thillai Nagar, Cantonment area and Thiruverumbur, temple town
Srirangam is densely populated. The appreciation in this town has been phenomenal as the temple’s serene atmosphere has lured several top-level retirees, besides NRIs and ex-military officials.
Land prices have doubled in the last one year but are still affordable. An acre on the highway costs about Rs 25 lakh. Prices of plots in good location are doubling. For example, a five-acre plot, purchased by a hospital few years ago, has buyers offering 2.5 times than the original price, says a long-time resident. Now customers prefer apartments to independent bungalows. In Srirangam, the rates were ruling at Rs 500 per sq ft three years ago. Now, the prevailing rates are Rs 1,500 per sq ft, industry observers said.
Though Trichy has still not attracted major developers, a handful of recognised builders like Rohini, Mangalam Real Estates, Lavanya Properties, Vignesh dominate the realty scene. Some of them execute the high-priced apartment projects, while others cater to the budget house segment.The development in the region would be more pronounced once the airport expansion project over 50 acres is completed. Salary levels have also been going up, observers said, adding Trichy does not have arterial roads. Even development is confined to some pockets with commercial activity concentrated in Thillai Nagar and Main Guard Gate.
Thillainagar:I think now a days the sq feet rate in Thillainagar got rolled out .it is fixed according to thier owners wish .the most intersting part of this is buyers is ready to buy to any extent becaz they belive tht for sure the price would increase
Trichy property scene as encouraging and prosperous, unlike in other cities, it is recession-free. The growth has been slow, yet steady. Prices have escalated in the last year to touch Rs 4,000 per sq ft for apartments. Commercial rentals have also been going up backed up by a premium advance. Peak rates in NS Bose Road, Big Bazaar area have been Rs 100 to Rs 200 per sq ft, whereas in Thillai Nagar and Cantonment, it has been in the Rs 25 to Rs 75 per sq ft range.
Trichy’s retail landscape is changing with Reliance, More, odyssey Joyalukkas, Chennai Silks,and all other branded showrooms lik adidas,reebok,peter england,sony etc..,,, setting up shops there. Reliance and More have three outlets each, while Spencer’s hypermarket is coming in the Cantonment area on 25,000 sq ft. Apparently, the retail biggie has paid Rs 30 per sq ft.
cool...............................
