Overview of Chembarambakkam, Chennai

Location and Accessibility

• Chembarambakkam sits conveniently in western Chennai, ensuring easy access to different parts of the city.

Residential Environment

• This area offers a peaceful place to live with beautiful views and the nearby Chembarambakkam Lake.

Infrastructure and Amenities

• It boasts essential services like markets, bus stops, clinics, and pharmacies. It also houses educational institutions such as Chennai Public School.

Property Prices and Trends

• Recent quarters have shown stable property prices in Chembarambakkam:

  • Oct-Dec '23: ₹5058 per sq. ft. with a 4% Q-o-Q change
  • Jul-Sept '23: ₹4849 per sq. ft. with a 5% Q-o-Q change
  • Jan-Mar '24: ₹5035 per sq. ft. with a -1% Q-o-Q change.

• Overall for 2023, property prices increased by 15% annually.

Types of Properties Available

• Flats:
  • Two BHK options are on the market, ready for immediate occupancy. These are priced around INR 40 Lac.
• Independent Houses:
  • Options like 2 BHK and 3 BHK houses vary in price, ranging from ₹45.8 L to ₹51.0 L based on size and location.

Rental Options

• We have rental opportunities, including a 2 BHK house available for INR 11,500 per month.

PropertyWala's Findings

Chembarambakkam combines residential peace with urban amenities, appealing to both buyers and renters. Its close proximity to necessary facilities, consistent property prices, and a range of property types address diverse real estate needs. Nonetheless, it's wise to review current market trends and property listings before making any decisions.