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An Overview of the Madurai Real Estate Market

Madurai, popularly called the Athens of the East, is a gradually developing city in the Southern state of Tamil Nadu. The city boasts of a rich historical and cultural heritage and also has a number of temples within its precincts. Moreover, the world-class educational institutes and the large number of industries make Madurai the educational and industrial capital of Tamil. People are flocking this city for its increasing employment opportunities, amazing real estate development, and affordable yet vivacious lifestyle.


Infrastructure & Connectivity
Madurai has seen a gradual development in terms of infrastructure and connectivity. Many bridges, flyovers, highways and other projects are underway to improve the infrastructure of the city. Under the Jawaharlal Nehru Urban Renewal Mission (JNNURM), Madurai’s infrastructure is all set to get world-class water system, solid water management system, traffic management, health facilities and educational institutes. The city is well-connected the metro cities of the country like Delhi, Bangalore, Mumbai and Kolkata and other international destinations like Dubai and Sri Lanka via the air route. The city is also seamlessly connected by the road transport as four national highways, namely NH-7, NH-45B, NH-208, and NH-49 are passing through this city. Moreover, it also has its own railway station with trains from different parts of the country stopping here.


The population of Madurai as per the records of the 2011 Indian Census was 1,017,865. It is expected to have reached the 2.7 million in the present year i.e., 2017. The city boasts of a pretty good sex ratio of 999 females for every 1,000 males, which is even above the national average sex ratio. The average literacy rate of Madurai was also much better than the average national literacy rate, i.e., 72.99%. The literacy rate of Madurai is estimated to be at 81.95%.


Life Style
Madurai is a big tourist attraction owing to a large number of sightseeing places present within the precincts of the city. It has a vivacious nightlife with pubs, bars, lounges, and discs swarming with keen visitors all through the night. It is also a hub for movie shoots because of the alluring landscape and scenic beauty. There are a number of malls, multiplexes, entertainment centers, restaurants and other recreational activity spots in the city that keep the people of the city entertained.


Key localities in Madurai
Madurai real estate
has seen a gradual and steady development in the past few years. Many existing localities in the city have been given a facelift. A number of new localities have also been developed to change the face of real estate in Madurai. Here is a list of the key localities that are apt for both commercial as well as residential property seekers: Mahapupalayam, Karupayurani, Mukkampatti, Bibikulam, Arasaridi, Chinna Chokkikulam, Fatima Nagar, Sathamangalam, Kadachanathal and others.


Real Estate Market
Builders in Madurai play an important role the development of the city. They regularly come up with new projects to improve the face of the city and provide affordable housing facility to the people. You can see hoarding and advertisements like “Property for Rent in Madurai” and “Property for Sale in Madurai” on every nook and corner of the city. The top builders to offer world-class property in Madurai are:  Engineers, Royal Splendour, Optimus Developers, Anmol Shrusti Pvt Ltd, Visvas Promoters Pvt Ltd, Indiabulls, Coral Group, Max Properties, TVR Foundations and more.


Projects in Madurai
A number of projects have been delivered in Madurai that offer high returns. You can find all types of commercial as well as residential projects in prime locations. From affordable apartments and budget-friendly flats to posh bungalows and luxury villas, you can easily find all types of property projects in this city. They are located in prime locations that promise easy access to all the necessary amenities.


Govt Projects in Madurai
The government of Tamil Nadu comes up with a number of new projects to improve the infrastructure of the city and also provide affordable housing to all. Projects for bridge construction, ice-cream plant establishment, and industrial corridor project are some of the recently started projects to improve the face of Madurai infrastructure. Apart from that, TNHB has also come up with area development scheme at Allampatty -Villipathri, Virudhunagar and 66 plots at Koodalpudur, Madurai. Hi! Searching for Property? Let's Chat