Tirunelveli Real Estate

Tirunelveli is a city in Tamil Nadu state of southern India . It is also known as Nellai and historically as Tinnevelly, is a city in the Indian state of Tamil Nadu. It is the headquarters of Tirunelveli District. Tirunelveli is about 2000 years old and is a town of old tradition. The city has an average literacy rate of 78%, higher than the national average of 59.5%. Total population of the city has 5,93,036 during 2010 census calculation. This city also called as Oxford of South India. Almost all the best schools, colleges and institutions of higher education in and around Tirunelveli district are located in Palayamkottai, some of which date back to more than a century. This city is roughly 400 km from Chennai and 80 km from Kanyakumari (South end of India).

 

Real estate is a legal term that encompasses land along with improvements to the land, such as buildings, fences, wells and other site improvements that are fixed in immovable location. Real estate is often considered synonymous with real property (sometimes called realty), in contrast with personal property.

 

Property appreciation is the highest in Tirunelveli, where the market is performing in sync with the ongoing trend of increasing end user investments in real estate. There is lot of demands on residential property in and around tirunelveli. Average rate of residential plots are sold at 1.5 to 2 lacks per cent. Particularly NGO colony, Maharaja Nagar, Santhi Nagar plots are selling at 5 lacks per cent. Residential Apartments are very less in Tirunelveli when it compare to other big cities in Tamilnadu. Local people prefer to stay in independent house rather than Apartments. Due to land demand in area called NGO colony and Maharaja nagar there are few Apartments projects are completed few of the under construction. The Average costs of the flats are INR 2000 to 3000 per sqft.  Below is the list of few Apartments in Tirunelveli

1)      Adura Anbagam – Perumalpuram

2)      Adura Arcade  – Highground

3)      Adura Arulagam – Highground

4)      V.R. Tower near Ram Theatre, Udaiyarpatti.

5)      Wavoo Manor Palayankotai.

6)      Royal Park, Perumalpuram

Few Builders are,

1)      Adura Foundation Pvt. Ltd

http://www.adurafoundation.com

2)      Wavoo

http://www.wavoo.in/

3)      K.R. Estates Builders

Railway Feeder Road, Tirunelveli – 04633325694

Investment Lands

Gangaikondan and Nanguneri are the two fast growing SEZ near Tirunelveli. Gangaikondan situated 20 km north of Tirunelveli on the way to Madurai on National Highway NH-7. Nanguneri situated 24 km south of Tirunelveli on the way to Kanyakumari on National Highway NH-7.

 

Nanguneri SEZ project planned in 2600 Acres. AMR construction & its associates is the JV partner with TIDCO. AMRL International Tech City Ltd, the Joint venture of TIDCO would implement this project in two phases. Nearest Sea Port is Thoothukudi 82 Km from Nanguneri. Nearest Airport is Vagaikulam Thoothukudi 50 Km from Nanguneri. Recently 15 companies sign to set up units at Nanguneri SEZ (refer from Indian Express March 2, 2011).

Gangaikondan 500 acres of IT Park, the first phase of work being completed on a 100 acre area at the cost of INR 25 crore. The construction work of three storey building with a plinth area of 50,000 sq ft is ready to occupy.

There are lots of land promoters promoting land around these two SEZ areas. The average cost of the plot rate in Gangaikondan starts from 30,000 per cent to 1,00,000 per cent. Naguneri starts from 10,000 to 1,00,000 per cent.

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About NellaiProperty.com

June 7, 2011 1 comment

“இது ஒரு சொத்துகளை வாங்க மற்றும் விற்க அனுக வேண்டிய இனயதலம்.”

NellaiProperty.com has been specifically developed to help you by providing comprehensive information on buying, selling and renting out properties specially in Tirunelveli, Nagercoil and Tuticorin Districts. The portal provides an ideal medium for independent owners, property developers and real estate agents to advertise their listings on the Internet and to market their properties to tens of millions of targeted buyers simply and cost effectively. And for potential buyers to search for properties in a private, hassle free environment.

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We work towards to reach more than 1000 property listings in our site within a year. We try to make NellaiProperty.com as a one site that provides all the property information on Tirunelveli, Thoothukudi and Kanyakumari District Properties.

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We will become #1 Listing website that provides all Sale or Rent property information on Tirunelveli, Thoothukudi and Kanyakumari District Properties.

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