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Chennai Property – Digs that can Produce Gold

Comments Off on Chennai Property – Digs that can Produce Gold   |   May 22, 2007    02:47pm   |Contributed by Indian Realty News

Chennai PropertyChennai is regarded as both the commercial and cultural capital of South India. The city is fast transforming into one of the most sought after destinations by foreign investors looking to make substantial presence in India real estate.

Today, the property market is looked upon as the only tool that can generate immense wealth and new value. And Chennai real estate is no exception to this belief. The city famous for its vast coastline stands at advantage from different aspects. When comparing its cost of living with its counterparts like Delhi, Mumbai, and Bangalore, Chennai still offers the lowest.

As a home to several multinational companies, Chennai witnesses an unparalleled growth in the commercial real estate sector. The booming IT and ITes and the BPO industry of Chennai have played a crucial role in altering the commercial real estate set-up of the city and prepared it to cater to demanding needs of the business market.

Staying in step with the development of commercial sector, Chennai residential market is also equally poised to give a strong boost to its real estate sector. The emerging trend here is that of large projects with several blocks of apartments offering an array of amenities like swimming pool, gymnasium, club house etc.

With Chennai real estate witnessing appreciation at a fast rate, property investment in the city is worth the idea. To help you further develop your ideas into successful deals, we provide you with the data to assist you in reviewing all the potential areas for your precious investments in Chennai’s property market.

Chennai Properties Rates

Location Residential (Rs/Sqft)
Adyar 4500 - 8000
Alwarpet 8000 - 15000
Besant Road 6500 - 9500
Chetpur / Kilpauk 6000 - 7000
K. K Nagar 4500 - 5500
Tiruvanmiyur 4000 - 6000
Mylapore 5000 - 6000
Nugabkkam 7000 - 12000
T. Nagar 5000 - 7000
Kodambakkam 4000 - 6000
Raja Annamalipuram 8000 - 10000
Royapettah 4500 - 7200
Egmore 5000 - 6000
Valasaravkkam 4500 - 6000
Anna Nagar East 5000 - 7000
Guidy 4000 - 5000
Velacherry 5000 - 6000
Shastrinagar 4500 - 5000
Ashok Nagar 3000 - 4500
Lloyds Road 4500 - 5500
Radhakrishnan Road 7000 - 10000

** Price as per the market value in May 07
** Property Rates are subject to change due to market vagaries and may differ by virtue of location and project, depending and facilities and other factors.
** We have tried to incorporate Price for every major areas located within Chennai. If you have any queries or suggestions related to our property price data or cannot find the area you are looking for, please email us at info [at] indianrealtynews [dot] com. We will try to accommodate your request.

News Published Under:   Chennai | Comments Off on Chennai Property – Digs that can Produce Gold