Property & Land Price in Ooty Vs Major cities When to invest in Ooty

Are you looking to invest in land or property? Confused about where to invest? Read along to get the answer!

When it comes to real estate investment, it is crucial to identify the purpose of investment prior to making the purchase. For instance, purpose could be a retirement home. To make the best investment decision, one must also have adequate inputs about property prices.

It is no surprise that a majority of people would invest in big cities. But are they aware of other options? For instance, are they aware of land cost in Ooty?
Why Ooty? Ooty is the most popular hill station in TamilNadu. Rating Ooty against major cities, will help us understand the contrast in real estate, in plains and hill stations.  

In this blog we shall look into prices, specific to major cities vs Ooty, in TamilNadu. 

Land price in Ooty Vs Major Cities

The maximum price for residential plots in top localities in Chennai, Madurai, Trichy and Coimbatore are as shown below. The respective areas considered are 

• Chennai - Anna Nagar
• Madurai - Anna Nagar
• Trichy - KK Nagar
• Coimbatore - RS Puram

The prices are compared with Kandivakkam in Ooty
The unit is in Rs. / sq. ft
 

Builder floor price in Ooty Vs Major Cities

The maximum price for builder floor in top localities in Chennai, Madurai, Trichy and Coimbatore are as shown below. The respective areas considered are 

• Chennai - Anna Nagar
• Madurai - Anna Nagar
• Trichy - KK Nagar
• Coimbatore - RS Puram

The prices are compared with Davisdale in Ooty
The unit is in Rs. / sq. ft
 

Apartment price in Ooty Vs major cities.

The maximum price for residential apartment in top localities in Chennai, Madurai, Trichy and Coimbatore are as shown below. The respective areas considered are 

• Chennai - Anna Nagar
• Madurai - Anna Nagar
• Trichy - KK Nagar
• Coimbatore - RS Puram

The prices are compared with Dasprakash Road in Ooty
The unit is in Rs. / sq. ft

Independent houses / villa prices in Ooty Vs Major Cities

The maximum price for independent houses in top localities in Chennai, Madurai, Trichy and Coimbatore are as shown below. The respective areas considered are 

• Chennai - Anna Nagar
• Madurai - Anna Nagar
• Trichy - KK Nagar
• Coimbatore - RS Puram

The prices are compared with Greenfield in Ooty
The unit is in Rs. / sq. ft
 

What do we infer?

• Ooty property rates are the most economicaloption, for residential plots or builder floor area. When compared with Chennai (the highest), one can buy land in Ooty for just 30% of the price.

• As far apartments prices are concerned, Ooty stands in the 3rd position after Chennai & Coimbatore. In the cases of villas or independent houses, Ooty again stands in the 3rd position after Chennai & Madurai. 

• One can buy apartments and villas in Ooty,at just36% of the price in Chennai (the highest).

Most people are still under the impression that,buying a property in hill stations is expensive. Despite the properties attracting a premium, say for the views they offer, they are still very affordable as compared to big cities. The reason many people prefer to invest in big cities, is for the infrastructure and job opportunities. However, with the modern age of digitisation and government focusing on tier 2 and tier 3 cities for development, there is a spike in the number people who aim to settle in hill stations like Ooty. This is for the obvious advantages of scenic beauty and favourable climate.

Thus, the property rate in Ooty for apartments and individual houses, will still increase in the coming days. So will the land price in Ooty, as land offers design flexibility. If you ask us when you must invest in Ooty, we at Hills & Wills say now! If you are concerned about an upfront investment, do not worry, forEMI land for sale in Ootyis available.We are here to guide you from the word-go till youbuy plot in Ooty. Do call us at +91 9500 800 900 to know, how we are unique, in our approach to real estate services.

Source : https://hillsandwills.jimdofree.com/