Overview of Kottivakkam, Chennai

Position and Ease of Reach

Kottivakkam is a neighborhood in Chennai, Tamil Nadu, and blends into the urban expanse of the city. It lies close to other significant locales such as Palavakkam, Thiruvanmiyur, and Neelankarai, rendering it an effortlessly accessible residential site.

Property Prices

• Average Price per Sqft: Properties in Kottivakkam have an average price of about ₹14,069 per sqft.
• Price Range per Sqft: The price span for properties here fluctuates between ₹7,431 to ₹19,728 per sqft.
• Real Estate Worth: Kottivakkam properties can vary from ₹40.00 lacs to ₹7.50 crore, featuring an average property value of ₹2.74 crore.

Types of Properties Offered

• Apartments: Numerous apartment complexes can be found in Kottivakkam, offered by prominent builders like Appaswamy Real Estates and GIG Constructions.
• Independent Houses/Villas: A variety of independent homes and villas are offered for sale and rent, featuring layouts such as 2 BHK, 3 BHK, 4 BHK, and beyond.
• Builder Floors and Plots: The area also includes builder floors and residential plots.

Amenities and Services

• Facilities: Properties generally offer amenities including corporation water, drainage, and a 24*7 power backup.
• Proximity to Major Sites: Many homes are close by to essential landmarks, such as schools, grocery stores, and the ECR (East Coast Road).
• Parking and Additional Services: These include vehicle and motorbike parking, balconies, pooja rooms, and modern facilities.

Rental Scene

• Rental Costs: Rental prices differ based on property type. For instance, a 3 BHK independent house can be leased for around ₹42,000 monthly, while a fully furnished 4+ BHK independent house can fetch ₹2.5 lakhs monthly.
• Lease Duration: Rental contracts often span from 12 to 36 months.

Property Market Shifts

• Yearly Increase: Property values in Kottivakkam have seen a noteworthy uplift, with a rise of 22.65% over the last year.
• Current Climate: The real estate market in Kottivakkam is moving upward, presenting a possibly advantageous period for both buyers and vendors.

PropertyWala's Final Thoughts

Kottivakkam in Chennai sets a positive scene within the real estate industry with a blend of cost-effective and upmarket properties. Its closeness to essential landmarks, comprehensive facilities, and upward market trend make it a viable option for both buyers and renters. It remains, however, important to watch for price patterns and the market to make a well-informed choice. Whether you seek an apartment, an independent house, or a plot, Kottivakkam accommodates a variety of desires and budgets.