Overview of Iyyappanthangal, Chennai

Iyyappanthangal, situated in the western part of Chennai, is a popular spot for both homebuyers and real estate investors. Let's take a detailed look at this area from a real estate standpoint.

Property Types and Prices

• Flats and Apartments:

  • Cost ranges from Rs 4950 to Rs 7750 per square foot.
  • The average price for flats hovers around Rs 6250 per square foot.
  • Options include 1 BHK, 2 BHK, 3 BHK, and more.

• Land and Plots:

  • Rates are about Rs 7000 to Rs 9150 per square foot[1|.
  • Sizes vary, ranging from 800 sqft to 1200 sqft, with prices starting from Rs 40 lakhs to Rs 1 crore.

• Builder Floors:

  • Costs range from Rs 6000 to Rs 7650 per square foot.

Amenities and Infrastructure

• Educational Institutions:

  • Schools like Little Angel School, Sri Chaitanya School, Cambridge School, and JP Global Academy are nearby.

• Shopping:

  • Malls such as Reliance Mall, Arihanth Square, and Magimai Store, plus local markets, offer many retail choices.

• Healthcare:

  • Hospitals such as Mahalakshmi Multispeciality Hospital, Sugam Surgical Hospital, and SN Hospital are found here.

• Dining:

  • A varied dining scene with local eateries and popular chains like Absolute Barbecues, Vaagai Mess, Hot Chips Restaurant, and Barbeque Nation.

Connectivity and Accessibility

• Road Connectivity:

  • Properties often have road widths of 24 feet and 40 feet, ensuring good accessibility.

• Public Transport:

  • Close to metro stations and other transport facilities.

Real Estate Market Trends

• Price Appreciation:

  • Flat rates have seen a rise: 15.7% in 1 year, 21.4% in 3 years, 33.0% in 5 years, 52.4% in 10 years[1|.
  • Builder floor prices went up by 19.5% in the last 3 years.

• Investment Potential:

  • Known for rising property values, making it an appealing area for real estate investment.

Rental Options

• Flats and Apartments:

  • Various leasing options available, including 1 BHK, 2 BHK, and 4+ BHK.
  • Rent ranges from Rs 3 lakhs to Rs 26 lakhs per year based on configuration and amenities.

• Amenities for Rentals:

  • Common features include corporation water, drainage, 24*7 power backup, lifts, security, and CCTV.

PropertyWala’s Final Thoughts

Iyyappanthangal, Chennai, is a prime spot for both buyers and renters due to its strong infrastructure, great connectivity, and rising property values. It offers a mix of both luxury and affordable housing, making it appealing to a wide range of buyers. Thanks to its proximity to schools, hospitals, and shopping areas, it's perfect for families and individuals. Rising property prices also make it a smart pick for real estate investors. Whether you're buying a plot, apartment, or renting a property, Iyyappanthangal is definitely worth considering.