Real Estate Insight for Adambakkam, Chennai

Adambakkam, nestled in Chennai, brings together a blend of characteristics. They are crucial for both prospective buyers and renters to take a close look at.

Property Prices

Property prices in Adambakkam show a lot of variability. Starting at Rs. 5,500 per square foot, the average price hits Rs. 8,995 per square foot. You may even find properties priced up to Rs. 15,053 per square foot.

Unique Price Trends

Adambakkam splits into several sub-localities, each with its own distinct price trends. For instance, New Colony’s average stands at Rs. 9,214 per square foot with a thrilling 37.82% year-on-year growth. Then there’s Brindavan Nagar, Secretariat Colony, and Balakrishnapuram, which add diversity to the mix.

Rental Market

If you’re renting, Adambakkam has many choices for you. Rental prices stretch from ₹7,400 to ₹33,900 per month. Just think, a cozy 2 BHK flat might rent out for around ₹25,000, or a 3 BHK house could reach about ₹35,000 each month. These rentals come with modern touches such as modular kitchens and being close to essentials like schools, hospitals, and shops.

Growth Over Time

The real estate scene in Adambakkam is positively growing. Property rates have risen by 10.1% over the past year. This suggests that investing in properties here could be a smart move for both buyers and sellers.

Variety of Properties

Adambakkam offers different property types, such as apartments, independent houses, and villas. They span various budgets, offering options from affordable to high-end, meeting different buyer needs. Secure environments, prime locations, and renowned builders are what set this area apart.

Final Thoughts from PropertyWala

Adambakkam, Chennai, presents varied property options that reflect its positive price trends and enhanced amenities. Whether you're buying or renting, knowing these subtle trends and area specifics can guide you well. With both affordable and luxury properties, Adambakkam stands out as a versatile choice for anyone looking to invest in or live in Chennai.