Kannur
Kannur’s real estate market displays a dynamic landscape shaped by diverging performance across property segments. While overall asking prices maintained a steady baseline of ₹4,350 per sq ft for several months, recent data indicates a shift toward higher price points. The residential sector is currently defined by a strong appreciation in apartment values alongside a price correction in the villa category. This contrast highlights the shifting preferences of buyers who are increasingly favoring apartment living, thereby influencing overall market momentum.
As of September 2026, the average asking price in Kannur stands at ₹4,350 per sq ft. This rate has remained stable with a 0% change compared to the previous period, reflecting a consistent market environment for residential apartments in the city.
Property prices in Kannur have shown a notable upward trajectory, moving from ₹4,350 per sq ft in December 2025 to ₹5,150 per sq ft as of September 2026. This trend indicates a strengthening market, particularly for apartment-style living, as demand has pushed the city-wide rate higher throughout the year.
As of September 2026, apartments in Kannur command a higher average asking price of ₹5,150 per sq ft, which has appreciated by 17.97% compared to the previous period. In contrast, villas are currently priced at an average of ₹2,450 per sq ft, having experienced a depreciation of 15.47% over the same timeframe, suggesting a shift in buyer preference or supply dynamics favoring apartment developments.
The recent price trend in Kannur, which reached ₹5,150 per sq ft by September 2026, signals a robust demand for residential apartments. While the broader market average was recorded at ₹4,350 per sq ft earlier in the year, the current rise in apartment-specific rates suggests that buyers should be prepared for a competitive market where well-located apartment projects are seeing significant value growth.
The 0% change in the overall average asking price of ₹4,350 per sq ft as of September 2026 indicates that the Kannur real estate market is currently in a phase of price consolidation. For investors, this stability provides a predictable entry point, allowing for a clearer assessment of long-term capital appreciation potential without the volatility of rapid, short-term price spikes.
