Good access to schools, hospitals, transport

Thrikkakara 3 BHK Gated Villa – East Facing, Modern Amenities

Ward 15 - Palachuvadu, Thrikkakara, Muncipality, Ernakulam

₹ 11,000,000 1.1 Cr

Property Highlights

Bedrooms

Bathrooms

1850

Sq.ft

Parking

East

Facing

1162

Property ID

Discover the Space

Discover this meticulously maintained 3-bedroom, 2-story gated community villa located in Ward 15, Palachuvadu, Thrikkakara, Ernakulam. Built in 2020 and featuring an East-facing orientation, this property offers a substantial 1850 sq ft built-up area on a 5-cent plot, complete with three well-appointed bathrooms and dedicated parking for two vehicles. Residents benefit from premium community amenities, including air conditioning, a clubhouse, cycling track, and professional maintenance staff, ensuring a sophisticated and convenient lifestyle. This owner-listed villa, offered at ₹11,000,000, represents a sound investment opportunity in a sought-after locale within the Thrikkakara Muncipality.

Loan Calculator

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Down Payment 20%

Interest Rate (p.a.) 8.5%

Loan Tenure 20 years

Loan Amount 50 Thousand

Interest Rate (p.a.) 12%

Loan Tenure 5 years

Monthly EMI: Calculating...

Total Payment: Calculating...

Total Interest: Calculating...

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Quick Facts

Listed byOwner

Year Built2020

Property TypeGated Villa

Total Floors2

FurnishingFully Furnished

Frequently Asked Questions

Data enriched FAQs with helpful insights and visuals

What is the sale price of this Property?

This Property is priced at ₹1.10 Cr. This works out to approximately ₹5,946 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.

What is the built-up area of this property?

The built-up area is 1,850 square feet. This spacious layout offers ample room for comfortable living, entertainment, and family gatherings. This includes all rooms, corridors, balconies, and covered spaces as per the approved building plan.

Can I get a home loan for this property?

Yes, banks and NBFCs offer home loans for this property. Based on the price of ₹1.10 Cr, you'll need a downpayment of approximately ₹22.00 L (20%). For the loan amount of ₹88.00 L at 8.75% interest rate for 15 years, your approximate monthly EMI would be ₹87,951. Over 15 years, you'll pay ₹1.58 Cr in total (₹88.00 L principal + ₹70.31 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.

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 ₹1.10 Cr, you could realistically negotiate to ₹1.03 Cr - ₹1.08 Cr, potentially saving ₹2.20 L to ₹6.60 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.

What is the annual property tax?

For this property in Panchayat, annual property tax is calculated on Annual Rental Value (ARV). With a property value of ₹1.10 Cr, the estimated ARV is ₹6.60 L (6% of property value). Panchayat tax rate is typically 3-5% of ARV. Your annual property tax would be approximately ₹19,800 to ₹33,000.

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.

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

Here's your complete first-year ownership cost breakdown for this ₹1.10 Cr property:

One-Time Upfront Costs:

Downpayment (20%): ₹22.00 L
Registration & Stamp Duty (10%): ₹11.00 L
Legal & Documentation: ₹30,000
Brokerage (if applicable, 2%): ₹2.20 L
Total Upfront: ₹35.50 L

Recurring Costs (First Year):

EMI (12 months @ ₹87,951): ₹10.55 L
Property Tax: ₹46,200
Maintenance: ₹44,400
Home Insurance: ₹8,000
Total Recurring: ₹11.54 L

Grand Total (Year 1): ₹47.04 L

Upfront Cost Breakdown

First Year Recurring Expenses

Loan Principal vs Interest

From Year 2 onwards: ₹11.54 L annually (EMI + tax + maintenance + insurance). Budget an additional 10% buffer for unexpected repairs or expenses.

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Thrikkakara 3 BHK Gated Villa – East Facing, Modern Amenities

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