Madurai, known as the "Athens of the East," is a vibrant city located in the southern part of Tamil Nadu, India. Renowned for its rich cultural heritage and historical significance, Madurai attracts residents from various walks of life. In this article, we will explore the five most expensive pin codes in Madurai, shedding light on the cost of living, average property rates, and the average cost of renting and buying a 2BHK (two-bedroom hall kitchen) in each of these areas.
Tallakulam is one of the most upscale and posh areas in Madurai. It is located in the heart of the city and is home to numerous shopping malls, restaurants, and high-end boutiques. The cost of living in Tallakulam is relatively high, with the average monthly expenses ranging from INR 30,000 to INR 50,000 ($400-$670 USD). The average property rate in Tallakulam is around INR 7,500 to INR 10,000 ($100-$133 USD) per square foot, making it one of the most expensive areas to purchase property in the city. If you are looking to rent a 2BHK apartment in Tallakulam, be prepared to shell out anywhere from INR 15,000 to INR 25,000 ($200-$333 USD) per month.
Find House/ Bungalow/ Villa for Sale in Madurai
K.K. Nagar is another upscale area in Madurai, known for its quiet residential neighborhoods and wide, tree-lined streets. The cost of living in K.K. Nagar is slightly lower than Tallakulam, with the average monthly expenses ranging from INR 25,000 to INR 40,000 ($333-$533 USD). The average property rate in K.K. Nagar is around INR 6,500 to INR 8,000 ($87-$107 USD) per square foot, making it slightly more affordable than Tallakulam. If you are looking to rent a 2BHK apartment in K.K. Nagar, you can expect to pay anywhere from INR 12,000 to INR 20,000 ($160-$267 USD) per month.
Find Apartments/ Flats for Sale in Madurai
Anna Nagar is a well-established residential area in Madurai, known for its quiet streets and lush greenery. The cost of living in Anna Nagar is relatively affordable, with the average monthly expenses ranging from INR 20,000 to INR 30,000 ($267-$400 USD). The average property rate in Anna Nagar is around INR 5,000 to INR 7,000 ($67-$93 USD) per square foot, making it one of the most affordable areas to purchase property in the city. If you are looking to rent a 2BHK apartment in Anna Nagar, you can expect to pay anywhere from INR 10,000 to INR 15,000 ($133-$200 USD) per month.
Find Car/ SUV for Sale in Madurai
Vilangudi is a quiet residential area located on the outskirts of Madurai. It is known for its serene surroundings and lush greenery, making it an ideal location for those seeking a peaceful lifestyle. The cost of living in Vilangudi is relatively low, with the average monthly expenses ranging from INR 15,000 to INR 25,000 ($200-$333 USD). The average property rate in Vilangudi is around IN R 3,500 to INR 5,000 ($47-$67 USD) per square foot, making it one of the most affordable areas to purchase property in the city. If you are looking to rent a 2BHK apartment in Vilangudi, you can expect to pay anywhere from INR 8,000 to INR 12,000 ($107-$160 USD) per month.
Find House/ Bungalow/ Villa for Rent in Madurai
Thiruparankundram is a rapidly developing area located on the outskirts of Madurai. It is known for its serene surroundings, picturesque landscapes, and proximity to the popular Thiruparankundram Murugan Temple. The cost of living in Thiruparankundram is relatively affordable, with the average monthly expenses ranging from INR 20,000 to INR 30,000 ($267-$400 USD). The average property rate in Thiruparankundram is around INR 4,500 to INR 6,500 ($60-$87 USD) per square foot, making it one of the most affordable areas to purchase property in the city. If you are looking to rent a 2BHK apartment in Thiruparankundram, you can expect to pay anywhere from INR 10,000 to INR 15,000 ($133-$200 USD) per month.
Find Apartments/ Flats for Rent in Madurai
Madurai, with its diverse neighborhoods, offers a range of options for individuals seeking to reside in this culturally significant city. From the luxurious ambiance of Anna Nagar to the convenient living in K.Pudur, each pin code presents a unique living experience. It is crucial to consider factors such as cost of living, average property rates, and rental and buying costs when making decisions about where to reside in Madurai.
Yes, it is possible to find affordable rental options in these areas. However, the cost of rent may vary based on the location, size of the apartment, and other factors.
Some factors to consider when purchasing property in Madurai city include location, accessibility, infrastructure development, and future growth potential.
Yes, there are a few up-and-coming areas in Madurai city such as Vandiyur, Thoppur, and Alagarkoil. These areas are currently undergoing infrastructure development and have the potential for future growth.
Tallakulam is located in the heart of the city and is home to numerous high-end boutiques, restaurants, and shopping malls. The prime location and access to various amenities contribute to the high cost of living in Tallakulam.
There are a few other upscale areas in Madurai city such as Ellis Nagar, Sathamangalam, and Kamarajar Salai.