Overview of Defence Colony, Chennai

Location and Accessibility

Defence Colony sits in Ekkatuthangal, Chennai, boasting a prime spot. It’s near crucial amenities: the Military Hospital (1.2 km away) and M.A.K. School in Ashok Nagar (2.3 km away).

• Its close access to the airport and metro station make it a hot spot for both residents and investors.

Property Types and Pricing

• Apartments: In Defence Colony, the average price per square foot for apartments is around ₹12,587, starting from ₹11,984 per square foot. Let’s look at some real examples. A 3 BHK apartment in projects like Aaradhya Infra could cost about ₹3.75 Cr for a built-up area of 2378 sq.ft, equating to about ₹15.77k/sq.ft.
• Independent Houses: Prices for stand-alone houses range starting at ₹6.5 crores for a 5 BHK house with 3000 sq.ft built-up area and 6200 sq.ft land area.
• Plots: Residential plot options start from ₹1.67Cr for an area of 1395 sq.ft.

Amenities and Facilities

• Maintenance and Utilities: Apartment dwellers often pay maintenance charges, say ₹5,000 to ₹6,000 monthly.
• Infrastructure: Properties are filled with amenities like car parks, semi-furnished interiors, metro borewell water supply, and 3-phase power.

Rental Market

• Rental seekers can find spaces like 2-bedroom houses for ₹28,000 a month, covering 1,500 sq.ft. For bigger spaces, a 3 BHK flat is available for ₹38,000 monthly, spanning 1,300 sq.ft.

Price Trends

• Defence Colony’s property rates dropped by 1.03% over the past year, suggesting a somewhat stable market. This stability is a good sign for both purchasing and selling.

PropertyWala's Conclusion

Located in Ekkatuthangal, Chennai, Defence Colony blends affordability with luxury. The area's prime location, close to key amenities, and a variety of property types make it appealing. It's vital to keep an eye on price trends and market conditions for well-informed decisions. In conclusion, Defence Colony stands as a promising investment spot for real estate in Chennai.