
Prime 16 Cent Residential Plot in Olari, Thrissur | Road Access
Ward 24 - Olari, Thrissur Corporation, Thrissur, Corporation
Property Highlights
Discover the Space
Presenting an exceptional 16-cent residential plot situated in the sought-after Ward 24, Olari, within the Thrissur Corporation area. This generously proportioned parcel of land offers significant potential for constructing a bespoke residence, benefiting from clear road access. Positioned only 350 meters from a major junction, it provides convenient access to local amenities and the broader Thrissur city network. Offered directly by the owner for ₹15,200,000, this property is a prime investment in a rapidly developing residential zone.
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Quick Facts
About Olari, Thrissur
Olari, Ward 24, is a vibrant and well-established residential neighborhood known for its peaceful atmosphere and convenient access to urban amenities. The area boasts a reputation as a family-friendly locality, attracting residents who value a balance between tranquility and accessibility. The neighborhood is characterized by a mix of independent houses and apartment complexes, catering to a diverse range of housing preferences. Residents benefit from the presence of reputable educational institutions, accessible healthcare facilities, and convenient retail options, ensuring that essential daily needs are easily met. Well-maintained parks and green spaces add to the quality of life, offering recreational opportunities for families and individuals alike.
Connectivity is a key strength of Olari, with a robust network of roads linking it to major urban centers and neighboring localities. Public transportation options are readily available, making commuting hassle-free for residents. The lifestyle in Olari is generally laid-back and community-oriented, with a diverse demographic profile encompassing young professionals, families, and retirees. Buyers are drawn to the area for its peaceful environment, accessibility to essential amenities, and strong sense of community. The neighborhood's ongoing development and increasing demand for housing contribute to its promising investment potential, making it an attractive option for both homeowners and investors looking for a stable and appreciating asset.
Frequently Asked Questions
Data enriched FAQs with helpful insights and visuals
What is the sale price of this Property?
Can I get a home loan for this property?
Is the listed price negotiable?
Price Negotiation Scenarios
What is the annual property tax?
Property Tax Component Breakdown
What is my total cost in the first year of ownership?
Here's your complete first-year ownership cost breakdown for this ₹1.52 Cr property:
- Downpayment (20%): ₹30.40 L
- Registration & Stamp Duty (10%): ₹15.20 L
- Legal & Documentation: ₹30,000
- Brokerage (if applicable, 2%): ₹3.04 L
- Total Upfront: ₹48.94 L
- EMI (12 months @ ₹121,533): ₹14.58 L
- Property Tax: ₹63,840
- Home Insurance: ₹8,000
- Total Recurring: ₹15.30 L
Upfront Cost Breakdown
First Year Recurring Expenses
Loan Principal vs Interest
From Year 2 onwards: ₹15.30 L annually (EMI + tax + maintenance + insurance). Budget an additional 10% buffer for unexpected repairs or expenses.