Overview of Chengalpattu, Kanchipuram

Chengalpattu is nestled in the Kanchipuram district and lies southwest of Chennai. This region is an enticing choice for property buyers and renters alike.

Location and Accessibility

• Chengalpattu lies in a strategic spot, offering convenient access to Chennai and nearby regions. This makes it highly appealing for those working in Chennai or one of the industrial areas close to Chengalpattu.

Infrastructure and Amenities

• The area features well-built infrastructure, complete with excellent public transportation, boosting its livability and investment opportunities.
• Many properties offer amenities like municipal water, drainage, playgrounds, parks, and green spaces.

Industrial and Economic Hub

• Chengalpattu hosts numerous national and international companies such as Tech Mahindra, Wipro, BMW, Ford, Foxconn, Dell, Samsung, Infosys, Pepsi, TVS, Siemens, Nissan, Renault, Apollo Tires, and Mahindra R&D. This high industry demand drives the need for residential accommodations.

Property Prices

• Property prices in Chengalpattu start as low as Rs. 799 per square foot, with an average around Rs. 4,478 per square foot. Prices vary significantly, ranging from Rs. 2,941 to Rs. 6,500 per square foot.
• Various property options are available, starting with a 1 BHK apartment around Rs. 27 lakhs, and rising to 2 BHK priced from Rs. 59 lakhs to 3 BHK costing up to Rs. 96 lakhs.

Types of Properties

• You can find a mix of property types including apartments, independent houses, and plots. These range in price and can vary from affordable to high-end.
• Amenities might include 24/7 power supply, elevators, gyms, swimming pools, security, clubhouses, and visitor parking.

Investment and Rental Potential

• The substantial workforce within this industrial hub promotes demand for rentals and purchases, making it a prime spot for real estate investment.
• Year-on-year property price increases signal a positive outlook for investors, with a 0.63% rise seen in the past year.

PropertyWala's Conclusion

In summary, Chengalpattu offers a mix of affordability, robust infrastructure, and solid economic factors, making it ideal for both buyers and investors. The diverse types of properties and prices, along with plentiful amenities and a burgeoning industrial sector, make it a versatile neighborhood for residential investment. Whether you aim to buy or rent, Chengalpattu presents a promising prospect with great potential for future gains.