Kozhikode
The Kozhikode real estate landscape is currently marked by a stabilization in property valuations, with the average asking price settling at ₹6,400 per sq ft. Recent quarterly performance indicates that after reaching a high of ₹6,800 per sq ft in the third quarter of 2025, the market has seen a slight correction, providing a more accessible environment for potential investors. This shift represents a broader trend of price adjustment as the city continues to see steady demand for residential units. Currently, apartments remain the primary asset class for those looking to enter the market.
The average asking price in Kozhikode is ₹6,400 per sq ft as of March 2026. This figure reflects a market depreciation of 1.57% when compared to the December 2025 rate of ₹6,500 per sq ft. This downward adjustment suggests a period of price correction in the local residential apartment market.
Property prices in Kozhikode have shown a fluctuating trajectory from June 2025 to March 2026. The average asking price stood at ₹6,400 per sq ft in June 2025, rose to a peak of ₹6,800 per sq ft in September 2025, and subsequently adjusted to ₹6,500 per sq ft in December 2025 before reaching the current level of ₹6,400 per sq ft in March 2026. This trend indicates a return to mid-2025 price levels after a brief period of volatility.
As of March 2026, the average asking price for apartments in Kozhikode is ₹6,400 per sq ft. This represents a depreciation of 1.57% compared to the previous quarter in December 2025, when the rate was ₹6,500 per sq ft. Since apartments are the primary residential property type tracked in the city, this rate serves as a key benchmark for buyers looking to enter the Kozhikode market.
A buyer should view the current average asking price of ₹6,400 per sq ft in March 2026 as a stabilizing phase following the price fluctuations seen throughout 2025. With a 1.57% depreciation from December 2025 to March 2026, the market is currently experiencing a cooling effect, which may offer more favorable entry points for end-users compared to the higher price levels observed in September 2025.
