Chennai Residential Properties Snapshot

Chennai, the capital of Tamil Nadu is one of the top metropolitan cities in India. The Chennai city is not only the 31st largest urban area in the world but it is also the fourth most popular metropolitan city in South India. Over the past few decades, the city once had more independent bungalows and colonial style buildings which has now seen drastic transformation with increase in transportation facilities, IT Parks, Schools, Hospitals, Restaurants, etc.

Now the city is occupied with wide variety of Residential Apartments, Residential Lands, Independent House/Villa/Farm Houses/Studio Apartments/Service Apartments in common. Some of the most famous residential areas in Chennai are Anna Nagar, Ashok Nagar, Porur, Teynampet, Thyagaraya Nagar, Guindy, KK Nagar, Kolathur, Medavakkam, Mylapore, Pallavaram, Velachery, East- Cost Road (ECR), Nungambakkam, Adyar, etc.

Chennai, a promising South Indian city has been consistently flourishing in the real-estate market due to rapid increase in employment opportunities and infrastructural growth. This in turn has created new benchmarks for spike in high-end residential property prices and trends in Chennai. Moreover, the prices of premium properties have zoomed over 200% to 300% in various parts of central and south Chennai over the past couple of months. Just 10 years back, the Residential units witnessed to be sold around Rs 12,700 – Rs 15,000 per sq ft in Alwarpet/ R A Puram areas which has now fetched up to Rs 20,000 per sq ft now for resale. On the other hand, the real estate property prices of residential units in Harrington Road has gone up to Rs 10,000 – Rs 11,000 per sq ft range from Rs 15,000 – Rs 18,500 per sq ft.

Now, take a look on wide range of residential areas, property types, pricing and rates according to zone wise in Chennai.

• Central Chennai

The Central Chennai covers Anna Road HO, Broadway, Chennai GPO, Chetpet, Choolaimedu, Egmore, Flowers Road, Fort St. George, Gopalapuram, Greams Road, Kilpauk, Nungambakkam, Park Town HO, Royapettah, Tiruvallikeni, Vepery. These are some of the most developed residential areas where the real estate property prices approximately ranges between Rs. 10,00/Sq. Ft.-Rs. 30,000/Sq. Ft.

• West Chennai

The West Chennai covers Alwarthirunagar, Ambattur HO, Ambattur Industrial Estate, Aminjikarai, Anna Nagar, Arumbakkam, Avadi Camp HO, Avadi IAF, Ayanavaram, CRP Camp Avadi, Korattur, Korattur R.S,Koyambedu, Kunnathur, Padi, Pattabiram, Poonamallee, Porur, Saligramam, Shenoy Nagar, Tiruverkadu, Vadapalani, Villivakkam. These are some of residential places in Chennai where the real estate price for residential /apartments/plots/individual houses/villas ranges in affordable budget from Rs. 6500/Sq. Ft. to Rs. 12,000/Sq. Ft.

• North Chennai

The North Chennai covers ICF Colony, Anna Nagar East, Anna Nagar West Extn, Chennai High Court Bldgs, Jawahar Nagar, Kodungaiyur, Kolathur, Madhavaram, Madhavaram Milk Colony, Manali New Town, N. Chennai Thermal Power Project, Perambur Barracks, Pozhal, Railway Car Shed Complex Avadi, Red Hills, Royapuram, Sholavaram, Sowcarpet, Tiruvottiyur, Tondiarpet, Vyasarpadi, Washermanpet, Ennore Thermal Station, Manali. The residential apartments/plots/villas in North Chennai are available in a wide price range from Rs. 7000/Sq. Ft. to Rs. 12,000/Sq. Ft.

• South Chennai

The South Chennai covers Adambakkam, Anakaputhur, Ashok Nagar, Besant Nagar, Chitlapakkam, Guindy Industrial Estate, IIT, K.K. Nagar, Kodambakkam, Madipakkam, Meenambakkam, Nandambakkam, Nandanam, Nanganallur, Old Pallavaram, Pallavaram, Pazhavanthangal, Polichalur, Raja Annamalaipuram, Saidapet, Satyamurthi Nagar, Sholinganallur, Sidco Estate, Srinivasa Nagar, Tambaram East, Teynampet, Thyagaraya Nagar, Vandalur, Virugambakkam, Adyar, Chromepet, Kotturpuram, Mylapore HO, Pammal, Perungudi, Raj Bhavan, Selaiyur, St. Thomas Mount, Tambaram HO, Tambaram IAF, Tambaram Sanatorium, Tiruvanmiyur, Taramani, Velachery, West Mambalam. These areas are considered as some of the costliest residential areas in Chennai because of high standard of living, Corporate Companies, Shopping Malls, Educational Institutes, etc. where the residential apartments/plots/villas ranges from Rs. 12000/Sq. Ft. and Rs. 35000/Sq. Ft.

Rates for Residential Lands

The Residential land value in Chennai were once below Rs. 2.5 crore per ground but now the price rates vary according to the developments and facilities in the city such as extension of metro lines, railway stations, schools, hospitals, shops, etc.

Thus, we Cadson Realty assists Residential Home Sellers and Buyers to make smart decisions when it comes to buy, sell, rent and lease any range of residential properties with detailed specification to match the requirements of real estate investors and consumer needs.

Why Cadson Realty

Cadson Realty is South India’s No.1 Real Estate Agency established in the year 2013 which is also a part of the DSR group. The specialty of our company is we deal with all kinds of real estate properties ranging from commercial, industrial to residential with wide range of property specification.

Keerthicad have vast knowledge in real estate industry and same i can analysis the property current value and flaw of properties.