Overview of Gowrivakkam, Chennai

Gowrivakkam stands out as a favored location in Chennai, appreciated for its advantageous positioning and a growing property market.

Location and Connectivity

• Found in the southern part of Chennai, Gowrivakkam ensures good links to major city spots.
• It neighbors Sembakkam, Rajakilpakkam, and Madambakkam.
• Good transportation options make it a handy choice for residents.

Property Rates and Trends

• There is limited data on Gowrivakkam's property prices but nearby areas give us some clues:
  • Sembakkam, just near Gowrivakkam, saw rates fluctuate. For instance, from Oct-Dec 2023, the rate per square foot stood at ₹5704, falling to ₹5467 in Jan-Mar 2024. A 4% quarterly drop here.
  • Chennai as a whole has mixed rate movements, but Gowrivakkam suggests steady to moderate growth.

Properties Available

• Many options exist in Gowrivakkam as well as nearby places. Think residential plots, standalone homes, and apartments.
• In areas close by like Rajakilpakkam, plots are ready with resources like water, drainage, and security. You can find plots from 774 sq. ft. up to 2400 sq. ft., costing between ₹34.83 lakhs to ₹2 crores.

Rental Choices

• If you want to rent here, places include semi-furnished and fully furnished flats and independent floors.
• A typical 2 BHK independent semi-furnished floor might come to about ₹15,000 monthly. Expect perks like parking, multiple bathrooms, and nearness to schools and hospitals.

Amenities and Infrastructure

• The area has what you need. Schools like Boaz CBSE Public School and hospitals like RKP MULTI-SPECIALITY HOSPITALS are here.
• You get good roads and transit services too.

Pros and Cons

Pros:

• Great access to major spots in Chennai.
• Wide range of properties: plots, homes, and apartments.
• Essential amenities nearby: schools, hospitals, shops.
• A lively real estate market with good growth potential.

Cons:

• Gowrivakkam lacks detailed property rate info, so you must check trends in nearby spots.
• Gowrivakkam doesn’t match the luxury and high-end amenities you see in other Chennai spots.

PropertyWala's Conclusion

Gowrivakkam emerges as an attractive spot to buy or rent in Chennai. With its strategic spot, good connectivity, and diverse property options, it appeals to both investors and residents. Though it might not have top-notch luxury, it offers a tranquil and affordable space for comfortable living in Chennai.