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Emerging Trends Of Madurai Property
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Madurai is one of the growing cities of India, many people who are looking to invest in India real estate look to buy a property in Madurai for sale. The tier 2 city attracts people who have a limited budget for investment. Property in Madurai is highly affordable and hence people look to invest in this city. Let's take a quick look at emerging trends of Madurai property:
Lack of consumer sentiment due to flooding: The property in Madurai has been shaken by the recent flooding in Tamil Nadu that has ravaged the region. People looking to buy Madurai property like flats in Natham are now too shaken to invest here. The rates of Madurai property have also corrected a little post this development. The city was once called the city of tanks but rapid urbanization has disturbed the balance of the city and as a result the area has become quiet fragile. Realty experts feel since the area is prone to flooding it might affect the prospects of property in Madurai for sale.
Higher floor preference: Property in Madurai is also witnessing a new development, now the general public is more interested to buy Madurai property on the higher floors. Earlier people used to prefer buying Madurai property on lower floors for easy accessibility. However, higher floors offer peace of mind in case of flooding and therefore the demand for the same has increased after the recent flooding in Tamil Nadu. Properties like flats in Natham are also witnessing the same trend where there is absolutely no demand for flats on the lower floors.
Emergence of demand for Apartments: earlier the city used to be dotted with independent houses but now there is a growing demand for flats in the city. Many buyers in the city are youngsters who have a different lifestyle and they prefer to buy flats over independent houses as it means fewer hassles.
Decent Appreciation: Property in Madurai was till recently growing at a decent and steady pace but the flooding has jolted the faith of people. The city offers affordable property to buyers. If one is looking for property in Madurai for sale then one must invest in property in Natham. Many people prefer to invest in property in Madurai for sale as the region is known to offer decent returns. Property in Natham too has attracted buyer's attention as the area had offered good returns.
Makaan.com is one of the leading real estate websites that offers comprehensive data on Madurai property.
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