Egmore, Chennai

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Overview of Egmore, Chennai

Egmore, located in the heart of Chennai, stands out as a significant residential, commercial, and transport hub. From a real estate standpoint, here are some vital considerations:

Strategic Location
  • Egmore sits centrally on the Grand Southern Trunk, offering a central and convenient standpoint.
Neighboring Areas
Nearby Commercial Hubs
  • Businesses and professionals alike will find Egmore close to significant commercial hubs like Olympia Technology Park and Tamarai Tech Park.

Property Rates and Trends

Property Pricing
  • The average price per square foot for properties in Egmore is around Rs. 29,820. Prices range from Rs. 7,272 to Rs. 1,10,456 per square foot.
  • Flats: Prices spread from Rs. 13,900 to Rs. 19,050 per square foot.
Available Property Types
  • Egmore features a range of property types: apartments, villas, and land in various sizes and configurations.

Rental Market

Average Rent and Lease Information
  • A 2 BHK apartment typically costs about Rs. 23,700 per month on rent.
  • Lease costs for varied configurations:
    • 1 BHK: ₹11 lakhs to ₹25 lakhs yearly
    • 2 BHK: ₹16 lakhs to ₹17 lakhs yearly
    • 3 BHK: ₹28 lakhs to ₹36 lakhs yearly

Amenities and Facilities

Available Amenities
  • Egmore properties often come with amenities like corporation water, drainage facilities, 24*7 power backup, lifts, and security.
Infrastructure and Connectivity
  • Many properties are within reach of the metro station, airport, highway, schools, hospitals, and shopping malls, setting it up as a highly connected area.

Price Appreciation and Trends

Historical Price Trends
  • Property prices in Egmore have shown slow appreciation:
    • Up 2.8% in the last year,
    • Up 3.5% in the last three years,
    • Up 0.7% in the last five years,
    • Down 2.3% in the last ten years.

PropertyWala's Summary

Egmore, Chennai, offers a promising real estate chance due to its central location, close proximity to commercial hubs, and diverse property options. The variety of property options, coupled with average prices of around Rs. 29,820 per square foot, makes it suitable for various budgets. Rental options across configurations also cater to varied financial situations. The historical market trends suggest relative stability and potential for moderate appreciation. Therefore, it remains a viable choice for buyers and renters seeking a well-connected, convenient, and well-equipped living space.

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News

Hotel chains to expand room inventory across Chennai

The Times of India · · Commercial

Major hotel chains plan new properties along OMR, ECR, Egmore and industrial belts, lifting Chennai’s room inventory by 40% by 2030.

Key facts
  • Major hotel chains plan to set up hotels in Chennai along OMR, ECR, Egmore and the industrial belts.
  • Chennai’s total hotel room inventory is expected to rise by 40% by 2030.
  • Demand is being driven mainly by business travel, weddings and the MICE segment: meetings, incentives, conferences and exhibitions.
  • OMR is expected to strengthen as a second business district.
  • ECR is expected to grow as a weddings-and-MICE destination.
  • The Sriperumbudur-Oragadam industrial belt is expected to emerge as a hub for business hotels.
  • The expansion is linked to rising business travel, events and steady infrastructure growth.
Nungambakkam subway potholes delay repairs on Nelson Manickam Road

Indiatimes · · Infrastructure

The pothole-ridden Nungambakkam subway on Nelson Manickam Road in Chennai has repair work worth nearly 1 crore stalled due to traffic diversion delays.

Key facts

The Nungambakkam subway on Nelson Manickam Road is heavily damaged with potholes. Repair work worth nearly 1 crore has been stalled due to delays in traffic diversion approvals from Greater Chennai Corporation (GCC) officials. The stretch serves as a crucial link for Anna Nagar, Aminjikarai, Nungambakkam and Egmore, and is used by school and college students from Loyola College and Women's Christian College. It provides access to hospitals in the locality. The subway experiences heavy vehicular flow throughout the day including frequent ambulance movement, school traffic and office commuters. Teachers report the uneven surface poses risks to school students travelling with parents on bikes.

Chennai Corporation to relay 250 roads for Rs 53 crore

The New Indian Express · · Infrastructure

Chennai Corporation will relay 8 arterial roads including Nelson Manickam Road and 242 interior roads across 250 total roads at Rs 53 crore cost.

Key facts

Chennai Corporation plans to relay 8 arterial roads and 242 interior roads, totalling 250 roads, at Rs 53 crore cost; additional Rs 1 crore for project management consultant.

Arterial roads to be relaid:

  • MMDA second and third main road
  • TNPSC road (Fazer bridge)
  • Gandhi Irwin bridge, Egmore
  • Nelson Manickam Road (2km)
  • Sterling road, Nungambakkam (1km)
  • 70 feet road, Perambur
  • Sterling Avenue road, Nungambakkam

Zones covered: Royapuram, Teynampet, Perungudi, Sholinganallur, Manali, Madhavaram.

Interior roads in Manali zone include Manali New Town 150 feet Main Road, Rajiv Gandhi Nagar extension, Kalaignar Nagar, Ariyalur Pond Road, Kambar first and second main road. Royapuram zone roads include Barracks First Lane, Ezhil Nagar, Alwarpet lane. Teynampet zone: Sivan Koil street, Dayal Nagar. Other zones: Anna Nagar main and streets (5th, 6th, 7th), Kakkan Street, Madhavaram (Indira Nagar, MMM Garden, JJ Nagar Pond Road).

Roads currently have patch works which may wear off during rains. Consultant appointed for 3 months to review contractor progress, prepare weekly inspection reports, check compliance to specifications, detail defects, and issue completion certificate.

News items are reports published elsewhere, condensed; follow the link for the full report. PropertyWala.com is not their source.

Projects

DLF Commanders Court - Egmore, Chennai

DLF Commanders Court

Egmore, Chennai

  • Under Construction
  • May, 2015

Designed for maximum space utilisation

: DLF Commanders Court by DLF Builders at the very prime location of Egmore in Chennai offers residential project that host 1,3 and 4 bhk apartments in various sizes.

Sale Properties

₹ 2 - 2.5 Cr

Flat for sale in Marshalls Road

₹ 2 - 2.5 Cr

  • 2,140 SqFeet

Eco-Community

: Escape the city and build your weekend paradise. This farmhouse plot in Chevella offers lush greenery, wide roads, and peaceful living with modern amenities nearby.
Posted: by Himanshu Sharma
Property ID: P393069293
3BHK for sale in DLF Commanders Court, Egmore, Chennai
₹ 2.03 Cr

3BHK Flat for sale in Egmore

₹ 2.03 Cr

Apartment / Flat

: DLF Commanders Court by DLF Builders at the very prime location of Egmore in Chennai offers residential project that host 1,3 and 4 bhk apartments in various sizes.
4BHK for sale in DLF Commanders Court, Egmore, Chennai
₹ 6.25 Cr

4BHK Flat for sale in Egmore

₹ 6.25 Cr

Apartment / Flat

: DLF Commanders Court by DLF Builders at the very prime location of Egmore in Chennai offers residential project that host 1,3 and 4 bhk apartments in various sizes.
3BHK for sale in TVH Lumbini Square, Purasaiwakkam, Chennai
₹ 3 Cr

3BHK Flat for sale in Purasaiwakkam

₹ 3 Cr

  • TVH Lumbini Square
  • Immediate
  • 218 SqMeters
  • ₹137,413/SqMeter

Apartment / Flat

: total of about 500 apartments occupying over a million square feet. These flats are available as 3 & 4 bedroom units, duplex and penthouse with integrated basement car park.
2BHK for sale in Jains Amrit Kalash, Purasaiwakkam, Chennai
₹ 39.5 L

2BHK Flat for sale in Purasaiwakkam

₹ 39.5 L

Apartment / Flat

: Jains Amrit Kalash offers you the ideal home in every way. The size of the apartments ranges between 920 sq.ft & 1380 sq.ft Located in Strahans Road, very close to Doveton Circle, Purasaiwalkam-live within close proximity to the cities.
2BHK for sale in Jains Amrit Kalash, Purasaiwakkam, Chennai
₹ 65 L

2BHK Flat for sale in Purasaiwakkam

₹ 65 L

Apartment / Flat

: Jains Amrit Kalash offers you the ideal home in every way. The size of the apartments ranges between 920 sq.ft & 1380 sq.ft Located in Strahans Road, very close to Doveton Circle, Purasaiwalkam-live within close proximity to the cities.

Rental Properties

Price Trends

Also known as: Casa Major Road
Locality ID
A634111250
PinCode
600008