Overview of Chengalpattu, Chennai

Chengalpattu, located roughly 50 km from South Chennai on the Grand Southern Trunk (GST) Road, has become one of the fastest-growing suburbs of Chennai. Let's take a close look at the locality from a real estate perspective.

Affordability and Demand

• Chengalpattu is well-known for its affordability and high demand for housing, making it a popular residential location.
• Even through the pandemic, the area sustained a strong housing demand, showing a healthy real estate market.

Price Trends

• Average property prices in Chengalpattu hover around ₹4,478 per sqft. Prices start as low as ₹799 per sqft, with the most expensive properties reaching up to ₹6,500 per sqft.
• Property rates have shown a modest year-on-year (YoY) growth of 0.63%, indicating market stability.

Infrastructure and Connectivity

• Chengalpattu is near major IT, automotive, manufacturing, and fashion and apparel centers, including Mahindra World City.
• The area is well-connected to major city landmarks via GST Road, highways, bus stands, and railway stations.

Residential Projects and Amenities

• Housing projects in Mahindra World City and elsewhere have seen a steady rise in price and rental yield, appealing to investors.
• Available and upcoming projects come with numerous amenities like gated communities, garden landscapes, car parks, schools, malls, hospitals, and commercial hubs.

Types of Properties Available

• Different types of properties are offered here, including apartments, independent homes, and villas.
• Also, there are plots and lands for sale in various sizes, some with DTCP and RERA approvals.

Rental Market

• Renting options include 2 and 3 BHK flats and houses/villas, with starting rentals around ₹12,000 per month.

Future Prospects

• Chengalpattu is set to grow further due to hybrid work trends and the need for well-planned living areas.
• The Chennai Metropolitan Development Authority (CMDA) has tagged it as one of the five satellite towns to ease crowding in Chennai and promote new urban growth areas with well-developed infrastructure.

PropertyWala's Conclusion

Chengalpattu, Chennai, offers a strong case for both buyers and renters with affordability, solid infrastructure, and high demand. Positioned strategically, it features diverse properties and holds future promise. Whether as an end-user or an investor, Chengalpattu provides a solid return on investment and an enjoyable living environment.