Eldams Road Area, Chennai: A Glance

Location and Neighboring Areas

Eldams Road is in the upscale Teynampet region of Chennai. It's close to other notable spots like Poes Garden, Venus Colony, and Rostrevor Garden.

Property Prices

• Average Cost per Sqft: Properties in Eldams Road average about Rs. 12,243 per square foot. Prices vary though.
• Variety: Prices start around Rs. 7,317 per square foot for some apartments but go higher based on property type and condition[2"].

Varieties of Residence Types

• Apartments: Find numerous kinds of apartments such as 1 BHK, 2 BHK, 3 BHK, and 4 BHK units.
• Standalone Houses: Sometimes you'll spot a few standalone houses.

Rent Pricing

• Rent Range: Rental prices for flats can begin from around ₹ 6,000 per month for a 1 RK (one room with kitchen) flat, zooming up to ₹50,000 or more based on size and amenities.
• Charges: Often requires a sizable deposit, plus maintenance fees.

Market Condition

• Recent Trends: The Teynampet market, home to Eldams Road, has dipped slightly in prices over the past year by 13.26%. This price drop creates an opportune moment to purchase or invest.
• Upcoming Trends: Despite the slump, it's still eye-catching because of the upscale features and proximity to key amenities.

Facilities and Infrastructure

• Proximity: Eldams Road boasts easy access to various facilities like schools, hospitals, shopping spots, and transportation hubs, ideal for residents.
• Development: The area is well-constructed with good infrastructure like streets and utilities.

PropertyWala's Insights

In Teynampet, Eldams Road offers a blend of affordability and luxury, catering to both buyers and renters alike. Given the price drop recently, now could be an excellent time for investment. But remember, detailed research is key. Look into specifics such as property health, amenities, and long-term viability. The convenience of access to essential services and the area's robust infrastructure further enhance its desirability. It stands out as a prime area for those seeking a place in an upscale and easy-to-reach locale.