Kozhikode
Thondayad currently presents a dynamic real estate landscape characterized by steady price adjustments and a clear preference for apartment-based residential developments. Recent quarterly data highlights a recovery trend, with prices moving from earlier dips to stabilize at the current average. Investors and prospective homeowners are closely monitoring these shifts, as the area continues to attract interest due to its strategic location within Kozhikode. The market demonstrates resilience, with specific segments such as apartments recording double-digit growth in valuation, signaling robust demand for well-planned residential units.
The average asking price in Thondayad is ₹6,400 per sq ft as of June 2026. This figure represents a depreciation of 6.49% compared to the previous period, reflecting a market adjustment in the locality. While this indicates a softening in current asking prices, investors and homebuyers should monitor these trends closely to identify entry points in this residential market.
Property prices in Thondayad have shown a fluctuating trajectory, with the location rate reaching ₹7,150 per sq ft as of June 2026, up from ₹6,400 per sq ft in March 2026. This recent upward movement suggests a recovery in demand after the price dip observed between December 2025 and March 2026, where rates moved from ₹6,850 per sq ft to ₹6,400 per sq ft. Tracking these quarterly shifts is essential for understanding the volatility and growth potential of the Thondayad real estate market.
Thondayad currently commands a higher average asking price compared to the nearby locality of Palazhi. While Thondayad stands at ₹6,400 per sq ft as of June 2026, Palazhi features an average rate of ₹6,050 per sq ft. Notably, Palazhi has seen an appreciation of 3.06% in its property rates, indicating steady growth in that specific neighbourhood, which may appeal to budget-conscious buyers looking for value within the broader region.
Apartments in Thondayad are currently priced at an average of ₹7,150 per sq ft as of June 2026. This segment has experienced a significant appreciation of 11.47% compared to the previous reporting period, signalling strong buyer interest and a resilient demand for apartment-style living in this area. This growth makes apartments a focal point for those looking to invest in the residential infrastructure of Thondayad.
