3BHK Apartment in Poonkunnam, Thrissur | Punkunnam Heights

Ward 2 - Poonkunnam, Thrissur Corporation, Thrissur, Corporation

₹ 3,500,000 35 Lacs
Project Name : Punkunnam Heights

Property Highlights

3
Bedrooms
2
Bathrooms
1200
Sq.ft
1
Parking
1170
Property ID
2
Balconies

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Discover the Space

Discover this well-appointed 3-bedroom apartment situated in Punkunnam Heights, within the esteemed Ward 2 of Thrissur Corporation. Boasting a generous 1200 sq ft built-up area and a desirable west-facing orientation, this second-floor unit features two balconies, ensuring ample natural light and ventilation. The property comes equipped with essential amenities, including fitted cupboards, a dedicated kids’ play area, round-the-clock security, and convenient visitor parking. Offering a superb combination of comfort and accessibility with dedicated parking, this residence is an excellent acquisition at ₹35,00,000.

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Quick Facts

Listed byAgent
Year Built2015
Property TypeApartment Flat
FurnishingSemi Furnished

About Poonkunnam, Thrissur

Poonkunnam, Ward 2, enjoys a well-established reputation as a desirable residential area known for its tranquil atmosphere and convenient access to urban amenities. Characterized by a mix of traditional homes and modern apartments, the neighborhood offers a balanced lifestyle that appeals to families, professionals, and retirees alike. Residents benefit from a wide array of essential services, including well-regarded educational institutions, accessible healthcare facilities, and diverse shopping options ranging from local markets to larger retail outlets. The area is also well-served by public transportation, ensuring easy commutes within the city and connections to surrounding regions.

The connectivity and accessibility of Poonkunnam are major draws for prospective homeowners. A robust network of roads and readily available public transport options facilitate seamless travel to key commercial and business districts. The lifestyle is generally laid-back and family-oriented, with a diverse demographic that contributes to a vibrant community spirit. Buyers often prefer Poonkunnam for its peaceful environment, coupled with its proximity to essential services and employment opportunities. This combination of factors contributes significantly to the area's strong investment potential, making it an attractive location for both long-term residents and those seeking to capitalize on the region's steady growth. The demand for property in Poonkunnam remains consistently high due to its balanced appeal and strategic location.

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Frequently Asked Questions

Data enriched FAQs with helpful insights and visuals

01

What is the sale price of this Property?

This Property is priced at ₹35.00 L. This works out to approximately ₹2,917 per square foot. The price may be negotiable based on market conditions, property age, and your payment terms. Contact the seller to discuss financing options and potential discounts for cash buyers or quick closures.
02

What is the built-up area of this property?

The built-up area is 1,200 square feet. This provides comfortable space for family living with adequate room for all daily activities. This includes all rooms, corridors, balconies, and covered spaces as per the approved building plan.
03

Can I get a home loan for this property?

Yes, banks and NBFCs offer home loans for this property. Based on the price of ₹35.00 L, you'll need a downpayment of approximately ₹7.00 L (20%). For the loan amount of ₹28.00 L at 8.75% interest rate for 15 years, your approximate monthly EMI would be ₹27,985. Over 15 years, you'll pay ₹50.37 L in total (₹28.00 L principal + ₹22.37 L interest). Current interest rates range from 8.5% to 9.5% depending on your credit score, bank relationship, and loan amount. Compare offers from SBI, HDFC, ICICI, Axis Bank, and LIC Housing Finance.
04

Is the listed price negotiable?

Yes, property prices are often negotiable. In this market, deals typically close 2-6% below the asking price. For this property listed at ₹35.00 L, you could realistically negotiate to ₹32.90 L - ₹34.30 L, potentially saving ₹70,000 to ₹2.10 L.

Price Negotiation Scenarios

Negotiation success depends on several factors: property time on market (properties listed 90+ days see higher negotiation), seller urgency, your payment terms (cash buyers have more leverage), market conditions, and property condition. Get a professional valuation (₹5,000-10,000) to strengthen your negotiation position. Research recent sale prices of comparable properties in the area. Make your first offer 7-10% below asking and negotiate from there.
05

What is the annual property tax?

For this property in Corporation, annual property tax is calculated on Annual Rental Value (ARV). With a property value of ₹35.00 L, the estimated ARV is ₹2.10 L (6% of property value). Corporation tax rate is typically 6-8% of ARV. Your annual property tax would be approximately ₹12,600 to ₹16,800.

Property Tax Component Breakdown

Tax is payable in half-yearly installments with 5-10% rebate for advance full-year payment. Vacant land attracts lower tax. Keep tax receipts updated for loan eligibility and future sale.
06

What is my total cost in the first year of ownership?

Here's your complete first-year ownership cost breakdown for this ₹35.00 L property:

One-Time Upfront Costs:
  • Downpayment (20%): ₹7.00 L
  • Registration & Stamp Duty (10%): ₹3.50 L
  • Legal & Documentation: ₹30,000
  • Brokerage (if applicable, 2%): ₹70,000
  • Total Upfront: ₹11.50 L
Recurring Costs (First Year):
  • EMI (12 months @ ₹27,985): ₹3.36 L
  • Property Tax: ₹14,700
  • Maintenance: ₹28,800
  • Home Insurance: ₹8,000
  • Total Recurring: ₹3.87 L
Grand Total (Year 1): ₹15.37 L

Upfront Cost Breakdown

First Year Recurring Expenses

Loan Principal vs Interest

From Year 2 onwards: ₹3.87 L annually (EMI + tax + maintenance + insurance). Budget an additional 10% buffer for unexpected repairs or expenses.

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