Indira Nagar Overview in Chennai

Indira Nagar, nestled in the Adyar area of Chennai, stands out as a sought-after neighborhood among both real estate buyers and renters.

Property Prices

• The typical price for properties in Indira Nagar moves between ₹16,857 and ₹17,392 per sqft, fluctuating with different sources and specific periods.
• Ranging from ₹10,989 to ₹23,000 per sqft, prices reveal a wide spectrum of property choices.
• Specific Property Types:
  • Builder Floor Costs: Prices range from ₹18,400 per sqft.
  • Apartment Prices: Prices can go from ₹6,119 to ₹7,352 per sqft.

Variety of Property Options Available

• The variety in properties includes:
  • Apartments
  • Builder Floors
  • Independent Houses
  • Villas
  • Land plots
• Options ranging from 1 BHK to 6+ BHK, ensuring choices that meet diverse buyer needs.

Market Trends

• Year-Over-Year (YoY) Growth:
  • There's been a 6.61% increase in property rates over the past year, signaling a burgeoning market.
  • Another source indicates a steady 1.76% YoY growth, showing positive stability.
• Quarterly Trends:
  • Prices remain stable with minimal changes every quarter, indicating a consistent market.

Amenities and Location

• Indira Nagar, located in Adyar, offers a prime and well-connected spot in Chennai.
• Known for its security and family-friendly nature, it’s ideal for both families and professionals.
• Developed by reputed builders, property quality and amenities are assured.

Rental Options

• Rental rates vary; for instance, renting a 3 BHK flat in Indira Nagar costs about ₹22,000 per month.
• Options include flats, builder floors, and independent houses.

Conclusion by PropertyWala

Indira Nagar combines affordability, luxury, and prime location, making it a top pick for both buyers and renters. A stable and growing market, along with diverse property types and a secure setting, makes it suitable for many. Whether it’s for investment or a home base, Indira Nagar is a noteworthy option.