Kannivakkam in Chennai

Site and Info Snapshot

Kannivakkam is a suburban area in Chennai, Tamil Nadu, catching attention in the property market because of its growing infrastructure and conveniences.

Property Values

• Average Cost Per Sqft: Properties in Kannivakkam typically cost around Rs. 3,524 per sqft.
• Lowest Price: The entry-level price starts at Rs. 1,333 per sqft.
• Cost Spectrum: You'll find most saleable properties ranging from ₹20 Lac to ₹80 Lac. About half of them cost between ₹60 Lac and ₹80 Lac, while a third are from ₹20 Lac to ₹40 Lac.

Property Kinds

• House Lots: There are developing plots available, including a 900 sqft lot for 24.8 Lac.
• Independent Houses/Villas: Villas and standalone homes suit families. For example, a villa is on the market for Rs 42.0 Lac.
• Apartments: Both rental and for-sale. Options include a 1 BHK unit boasting 1 bathroom, 1 balcony, and roughly 424 sqft of carpet area.

Rental Rates

• For instance, a 1 BHK apartment costs Rs 7,000 per month as a rental.

Market Trends

• Investment Opportunities: Properties here show good profit chances for both buying and selling, marking it great for both investors and homebuyers.
• Market Stability: Property values have stayed somewhat constant over the past year, hinting at a stable market.

Local Amenities

• Exact amenities are not detailed, but given the growing real estate in the area, it likely has basic facilities like schools, healthcare, and shopping.

PropertyWala's Insights

Kannivakkam in Chennai is a hot pick for buying or renting property. With options from affordable plots to high-end villas, it fits varied budgets. With stable market trends and solid investment returns, it's appealing for investors. That said, buyers should dig into specific amenities in the locality to suit their needs. All things considered, Kannivakkam holds promise for real estate ventures and living in Chennai.