Property Rates in Kannur 2026 – Area-wise Price Guide
Introduction to Kannur Property Market
Kannur, also known as Cannanore, is a city in the Indian state of Kerala. The city has seen significant growth in its real estate market in recent years, driven by infrastructure development and proximity to IT and commercial hubs. The current property rates in Kannur vary depending on the location, with prices ranging from ₹3,500 to ₹6,000 per square foot.
Area-wise Property Rates in Kannur
Here are some of the major localities in Kannur, along with their approximate property price ranges:
- Fort Road: ₹5,000 - ₹7,000 per sqft
- Thavakkara: ₹4,000 - ₹6,000 per sqft
- Payyambalam: ₹3,500 - ₹5,500 per sqft
- Chalad: ₹3,000 - ₹5,000 per sqft
- Kakkad: ₹2,500 - ₹4,000 per sqft
The prices mentioned above are approximate and may vary depending on the specific location, amenities, and other factors.
Comparison of Apartment, Independent House, and Plot Prices
The prices of apartments, independent houses, and plots in Kannur vary significantly. Here is a comparison of the prices:
| Property Type | Price Range (per sqft) |
|---|---|
| Apartment | ₹3,500 - ₹6,000 |
| Independent House | ₹2,500 - ₹4,500 |
| Plot | ₹1,500 - ₹3,000 |
Market Trend and Factors Driving Prices
The property market in Kannur is currently stable, with a slight upward trend. The prices are driven by factors such as infrastructure development, proximity to IT and commercial hubs, and metro connectivity. The city's real estate market is expected to grow in the coming years, driven by the increasing demand for housing and commercial spaces.
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