Kozhikode
The real estate market in Thondayad has entered a phase of accelerated appreciation, with current rates reaching ₹8,400 per sq ft. This growth is evidenced by a consistent rise in property values over the past year, moving from ₹6,850 in late 2025 to the current premium levels. Residential apartments remain the primary driver of this market, capturing significant demand from both end-users and investors. The surrounding micromarkets are also seeing positive momentum, indicating a broader regional expansion within Kozhikode.
The average asking price in Thondayad as of Sep 2026 is ₹8,400 per sq ft. This figure reflects a significant market appreciation of 18.07% compared to the previous quarter, Jun 2026, signaling strong demand and positive growth momentum in this residential locality.
Property prices in Thondayad have shown a consistent upward trajectory throughout 2026, rising from ₹6,400 per sq ft in Mar 2026 to ₹7,150 per sq ft in Jun 2026, and reaching ₹8,400 per sq ft by Sep 2026. This sustained growth indicates a robust real estate market where property values have appreciated significantly, reflecting increasing buyer interest and limited supply in the area.
Thondayad currently commands an average asking price of ₹8,400 per sq ft as of Sep 2026, which is marginally higher than the ₹8,350 per sq ft observed in the neighboring area of Palazhi. Palazhi has also seen healthy growth, with its rates appreciating by 9.11% over the recent period, suggesting that both localities are benefiting from similar regional development trends.
As of Sep 2026, the average price for apartments in Thondayad is ₹8,400 per sq ft. This price point represents an appreciation of 18.07% compared to the rates recorded in Jun 2026, confirming that apartments remain the primary residential asset class driving value growth in this locality.
A buyer should view the rapid appreciation in Thondayad—rising from ₹6,400 per sq ft in Mar 2026 to ₹8,400 per sq ft in Sep 2026—as a sign of high market activity and potential capital gains. While the 18.07% quarterly appreciation from Jun 2026 to Sep 2026 indicates strong demand, investors should balance this against their long-term holding horizon to ensure the current entry price aligns with their expected return on investment.
