Right To Home PropExpo Brings You Projects In Chennai’s Top Localities

Among the southern cities, Chennai's residential market is a favoured investment destination. IT and manufacturing jobs, proximity to strategic business destinations and infrastructure development over the years, have contributed to the overall interest in the market. As one of the leading real estate advisory companies in India, PropTiger has been bringing you information about the price trends, localities with potential and developments that prospective homebuyers need to be aware of. Our research also showed that despite the Coronavirus pandemic, latent demand grew in almost every city, Chennai being no exception. If you are one of the prospective homebuyers in Chennai, here's your chance to make the most of Right To Home, India's largest Prop Expo.

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While you may be researching locations and availability of projects in Chennai, we list some of the popular localities. These trends show the rising demand for houses in the city and also, coming of new stock for homebuyers to invest in. 

Chengalpattu

Livability score: 6.1

Average property prices: Rs 2,808 per sq ft

A suburb of Chennai, Chengalpattu is an emerging real estate market. The locality, still developing, offers properties at affordable prices. The locality has become a point of interest for home buyers and investors alike, owing to the many manufacturing located around this locality. So, those working around here create a demand for housing in Chengalpattu.

Property portfolio: Chengalpattu has 79 projects of which 72 are up for possession and remaining are under construction. Apartments in these projects are available in 1BHK and 2BHK configurations, with average prices ranging between Rs 14-26 lakhs. Plots are also available for sale here for an average price of Rs 12.4 lakhs.

Avadi

Livability score: 7.5

Average property prices: Rs 3,230 per sq ft

Avadi is among the most popular suburbs of Chennai. Lying 20 kms from the city centre, Avadi offers properties at affordable prices. What makes properties here even more popular, is the making of a new IT park here. The construction of this IT park is expected to start in August and get completed in 30 months. Once constructed, the IT park will generate over 30,000 jobs, thus, expanding the demand for homes here.

Property portfolio: Avadi has nearly 80 projects for sale. Sixty-eight projects are in the ready-to-move-in stage while 10 are under construction. Apartments here are available in 1BHK, 2BHK and 3BHK configurations and the average price of these units ranges between Rs 22-48 lakhs.

Kolathur

Livability score: 8.5

Average property prices: Rs 5,334 per sq ft

Surrounded by Ambit IT Park and Land IT Park, Kolathur is another prime market for those working around here. The locality lies in north Chennai and has well-developed infrastructure, both civic and social. While the railway station is 12 kms from here, the international airport is around 10 kms away.

Property portfolio: Kolathur has over 140 projects that are available for homebuyers. Of these, 138 projects are ready-to-move-in and three are under construction. Apartments here are available in 1BHK-4BHK configurations. The average price in Kolathur ranges between Rs 35 lakhs and Rs 1.63 crores.

Sholinganallur

Livability score: 7.6

Average property prices: Rs 5,153 per sq ft

Sholinganallur is located in the south of Chennai, on Old Mahabalipuram Road. The locality, which is surrounded by IT suburbs such as Perungudi, Siruseri and Taramani, will soon be connected through Chennai Metro. Line V, a part of Phase-II of the Chennai Metro, will run between Sholinganallur and Madhavaram. This development will add to the premium factor of this locality, making properties expensive.

Property portfolio: There are 95 projects in Sholinganallur that are up for sale. Of these, 79 projects are ready for possession while 15 are under construction. These projects offer apartments in 1BHK-6BHK configurations. While 1BHKs can be bought for an average price of Rs 31 lakhs, the 6BHK units require an average budget of Rs 1.77 crores.

Villivakkam

Livability score: 8.5

Average property prices: Rs 5,695 per sq ft

A prime property market in Chennai, Villivakkam lies close to the city centre and is surrounded by key commercial localities, including Padi, Ambattur and ICF. The locality is strategically located with easy connectivity to the Central railway station (10 kms) and international airport (20 kms).

Property portfolio: There are nearly 25 projects up for sale in Villivakkam. Only one of these projects is under construction while the remaining are ready for possession. One could buy 1BHK, 2BHK and 3BHK apartments at a starting price Rs 35 lakhs. 

Note: Availability of projects and prices may change depending on market dynamics.