Alwarpet, Chennai

About

Overview of Alwarpet, Chennai

Alwarpet, a distinguished area in Chennai, boasts a dynamic real estate market that serves many buyers and renters.

Property Types

Find all kinds of homes here in Alwarpet:

  • Apartments: Available in several buildings, each with different amenities.
  • Independent Houses/Villas: Options both semi-furnished and unfurnished with modern features.
  • Builder Floors: Part of ongoing residential projects.
Property Prices
  • Average Price per Sqft:

    • The usual price of properties in Alwarpet is about Rs. 31,678 per sqft. There's a starting price at Rs. 5,600 per sqft and can go as high as ₹90,000 per sqft.
    • For example, apartments generally cost around ₹21,000 per sqft.
  • Land Rates:

    • In Alwarpet, land rates vary between Rs. 26,550 to Rs. 53,400 per sqft.
Price Trends
  • Year-over-Year Growth: Property prices in Alwarpet have gone up by 40.98% over the last year.
  • Long-term Appreciation: Flat prices have climbed by 5.0% in the past year, 23.5% over the last 3 years, 39.1% in the last 5 years, and 48.4% in the last 10 years.
Rental Market
  • Monthly Rent: Rents can range from ₹15,000 to ₹60,000 per month, depending on the property type and size.
  • Common Amenities: Many properties feature amenities like corporation water, drainage facilities, 24/7 power backup, lifts, clubhouses, and parking.
Key Amenities and Infrastructure
  • Amenities: In Alwarpet, properties often include gyms, clubhouses, lifts, CCTV security, and maintenance staff.
  • Location: The area is well-connected and close to many landmarks. Hence, it is convenient and desirable to live here.
Legal and Additional Costs
  • Registration and Stamp Duty: Purchasers have to register properties with the local municipal office, which involves stamp duty and registration fees.
  • Maintenance Fees: Developers usually charge regular maintenance fees to take care of common areas.

PropertyWala's Conclusion

Alwarpet, Chennai, provides a thriving real estate market with property options ranging from budget to luxury segments. Its solid price appreciation and diverse real estate options make it appealing for both investors and regular buyers. However, it's important to consider legal and additional costs. With its excellent connectivity and modern conveniences, Alwarpet remains a top pick for property buyers and renters in Chennai.

Reviews

Heart of the city in Chennai. Perfect place for having office. One of the most peaceful locations for having office

Cons
  • NO NEGATIVE ISSUES AT ALL

Alwarpet prime area near by Apollo hospital and many other hospital and many mall s and college nearby

Pros
  • Appollo hospital nearby
  • Many non veg , veg hotels and star hotels nearby
  • Near by college like stella marys college and siet college nearby
Cons
  • Costly area in Chennai south

Prime area with airport just being 10 km away and railway station at a distance of 3 to 4 km. Hospitals, commercial complexes and schools are within a reach with good connectivity.

Pros
  • Commercial hub
  • Good connectivity
  • Well developed area
Cons
  • Costly area

Alwarpet- posh location much sought after less crowded- reasonable rentals unlike premium ultra commercial locations like T. Nagar, Nungambakkam etc.Strategic well connected centrepoint between EAST TO WEST & NORTH to SOUTH of CHENNAI.

Pros
  • Airport access in 10 KMs - 25 minutes by car.
  • Chennai Central/ Egmore access 10 KMs - 25 minutes by car
  • Arterial road - Anna Salai- 2 KMs
Cons
  • Local Railway connectivity 2 - 4 KMs
Alwarpet, Chennai is rated 7 out of 10 based on 4 user reviews.
Disclaimer: The reviews are opinions of PropertyWala.com members, and not of PropertyWala.com.

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Pros:
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Projects

Shanti Haven - Alwarpet, Chennai

Shanti Haven

Alwarpet, Chennai

  • Completed
  • Jan, 2009

Residential Apartments

: Shanti Haven is one of the popular Residential Developments in Alwarpet neighborhood of Chennai.
Laurels Chaitaniya - Alwarpet, Chennai

Laurels Chaitaniya

Alwarpet, Chennai

  • Started
  • Dec, 2015

3 & 4 BHK apartments available at Laurels Chaitaniya

: Laurels Chaitaniya presented by Chaitanya Builders And Leasing Pvt Ltd with 3 & 4 BHK apartments available at Alwarpet, Chennai

Sale Properties

1BHK for sale in Asvini Amanya, Abiramapuram, Chennai
₹ 19 L

1BHK Flat for sale in Abiramapuram

₹ 19 L

Apartment / Flat

: It is a community of 1008 homes of different dimensions (1 / 2 / 3 bedrooms) providing a whole spectrum of choices for you.The apartments range from 606 sq ft to 1139 sq ft of area with price-tags of Rs.10 lakhs onwards.
2BHK for sale in Asvini Amanya, Abiramapuram, Chennai
₹ 10 - 20 lacs

2BHK Flat for sale in Abiramapuram

₹ 10 - 20 lacs

Apartment / Flat

: It is a community of 1008 homes of different dimensions (1 / 2 / 3 bedrooms) providing a whole spectrum of choices for you.The apartments range from 606 sq ft to 1139 sq ft of area with price-tags of Rs.10 lakhs onwards.

Rental Properties

Price Trends

Also known as: VENUS COLONY, APARTMENT SALE DELUX
Locality ID
A325058111
PinCode
600018