Overview of Kottivakkam, Chennai

Property Prices

• Property prices begin at Rs. 7,431 per square foot in Kottivakkam, climbing up to an average price of Rs. 14,069 per square foot.
• Variations occur in price, ranging from Rs. 7,431 to Rs. 19,728 per square foot.

Types of Properties

• You can find different types of properties, like apartments, standalone houses, villas, and land in various sizes.
• Popular examples consist of 2 BHK and 3 BHK flats, often priced between ₹1.54 crore and ₹1.95 crore for a 2 BHK flat, with other pricing configurations varying.

Price Trends

• Property rates have experienced a notable increase with a 22.65% year-over-year (YoY) growth over the last year.
• In the past 10 years, flat rates have grown by 31.3%, while land rates have appreciated by 47.3%.

Amenities and Features

• Properties often come equipped with modern conveniences, such as bike and car parking, and some even include furnished options or allow pets.
• Places like Venkateswara Nagar and Selvaraj Avenue feature properties with special amenities like east-facing apartments and multiple bathrooms.

Rental Options

• Rental choices include fully furnished 1, 2, and 3 BHK flats, with rental prices starting around ₹18,000 per month for a 2 BHK flat.

Investment Potential

• Investing in Kottivakkam real estate is profitable due to its positive price trends and significant YoY growth.
• The locality has shown solid appreciation over the years, making it a wise choice for long-term investments.

PropertyWala's Conclusion

Kottivakkam, Chennai, boasts a promising real estate market with increasing property values and various housing options. Whether buyers or renters are looking to purchase or lease, they will find numerous configurations and amenities suitable for different budgets and preferences. With a substantial YoY growth and long-term value appreciation, Kottivakkam stands out as an attractive option for end-users and investors alike. Yet, it's crucial to stay updated with current market trends and prices to make well-informed decisions.