Lake Area, Chennai

About

Area Around Lake in Nungambakkam, Chennai

Location and Conveniences: The Lake Area, located in Nungambakkam, Chennai, stands out for its great position and facilities. Part of Chennai District in Tamil Nadu, India, it boasts excellent connectivity to other city parts. Hence, it's a hot spot for both purchasers and tenants.

Real Estate Valuations: Lake Area features high-value properties in its real estate market. As of 2025, the average cost per square foot here is close to Rs. 16,956. The prices begin at Rs. 16,811 per sqft, with little fluctuation, suggesting stable market value.

Different Kinds of Properties: Potential buyers have a wide range of property types to choose from:

  • Apartments: These are the most popular, ranging from budget to luxury. Take Emerald Apartments and Indira Nungambakkam societies; the latter averages Rs. 17,375 per sqft.
  • Standalone Homes: More scarce, yet available options, often listed at around Rs. 3.5 Cr for the built-up space.
  • Land and Plots: Investment opportunities also exist through buying land or plots.

Market Change Over Time: There's been a noticeable year-over-year drop in Lake Area's property market, falling by 28.2% over the previous year. This trend might suggest that buyers may snag properties for cheaper now compared to before.

Renting Out: Tenants can find both fully furnished and unfurnished apartments in Lake Area. For example, a 1 BHK flat can usually be rented out for about ₹50,000 monthly, plus maintenance fees.

Verdict from PropertyWala

Taking into account the high average costs and the recent drop in property prices, Lake Area offers a mixed bag for investors and buyers. Even if the present prices are down, the excellent location and amenities make it appealing for those keen on investing in top-notch properties. For renters, the fully furnished and well-kept apartments available can offer a cozy living. But, to be fully equipped, it's essential to follow market trends when buying or renting in Lake Area, Nungambakkam, Chennai.

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Sale Properties

3BHK for sale in NPL Vandana Towers, Nungambakkam, Chennai
₹ 1.06 Cr

3BHK Flat for sale in Nungambakkam

₹ 1.06 Cr

Apartment / Flat

: NPL Vandana Towers by Narendra properties Ltd. At Nungambakkam in Chennai offers residential project that host 3 bhk apartments in various sizes available.
3BHK for sale in Real Value Neel Kamal, Kazhipattur, Chennai
₹ 5 Cr

3BHK Flat for sale in Kazhipattur

₹ 5 Cr

Apartment / Flat

: 5 towers each having a stilt + 19 floors and a total of 559 apartments. They are designed to provide 3-sided ventilation and therefore help are designed to be seismic-resistant to ensure maximum safety.
1BHK for sale in Real Value Neel Kamal, Kazhipattur, Chennai
₹ 26 L

1BHK Flat for sale in Kazhipattur

₹ 26 L

Apartment / Flat

: 5 towers each having a stilt + 19 floors and a total of 559 apartments. They are designed to provide 3-sided ventilation and therefore help are designed to be seismic-resistant to ensure maximum safety.
2BHK for sale in Real Value Neel Kamal, Kazhipattur, Chennai
₹ 44 L

2BHK Flat for sale in Kazhipattur

₹ 44 L

Apartment / Flat

: 5 towers each having a stilt + 19 floors and a total of 559 apartments. They are designed to provide 3-sided ventilation and therefore help are designed to be seismic-resistant to ensure maximum safety.
1BHK for sale in Real Value Neel Kamal, Kazhipattur, Chennai
₹ 23 L

1BHK Flat for sale in Kazhipattur

₹ 23 L

Apartment / Flat

: 5 towers each having a stilt + 19 floors and a total of 559 apartments. They are designed to provide 3-sided ventilation and therefore help are designed to be seismic-resistant to ensure maximum safety.
1BHK for sale in Real Value Neel Kamal, Kazhipattur, Chennai
₹ 38 L

1BHK Flat for sale in Kazhipattur

₹ 38 L

Apartment / Flat

: 5 towers each having a stilt + 19 floors and a total of 559 apartments. They are designed to provide 3-sided ventilation and therefore help are designed to be seismic-resistant to ensure maximum safety.

Rental Properties

Office Space for rent in Nungambakkam, Chennai
₹ 40,000

Office Space for rent in Nungambakkam

₹ 40,000

  • 800 SqFeet
  • ₹50/SqFeet
  • Immediate

Coworking officers for rent

: Coworking office space for rent in Nungambakkam. Per Seat Rs. 4000/-Only. 10 Seaters Workstation along with shared conference room, pantry, reception, washroom. Perfect place to kick start your new venture. Easy to Access Public Transportations. Amenities include, * Air conditioning * Wi-Fi &...
Posted: by Vinod Kumar
Warehouse / Godown for rent in Mannur Village, Chennai
₹ 4.18 L

Warehouse / Godown for rent in Mannur Village

₹ 4.18 L

  • 19,000 SqFeet
  • ₹22/SqFeet
  • Immediate

Warehouse on Rent in Papparambakkam Chennai

: Warehouse on Rent Papparambakkam Chennai. Overloooking Main Road Near Hyundai Glovis Plot area 28000 sq.ft. BUA 19000 sq.ft. Warehouse Dimension 100 ft. × 190 ft. Rent 22/- per sq. ft. NEGOTIATABLE S. Deposit 6 month rent Centre height 33 ft. Docks 3 40ft container movement- yes Power 8kv About Us..
Coworking Space for rent in Nungambakkam, Chennai
₹ 40,000

Coworking Space for rent in Nungambakkam

₹ 40,000

  • 800 SqFeet
  • ₹50/SqFeet
  • Immediate

Affordable Coworking office space for Rent in Nungambakkam.

: Affordable 10-Seat Co-Working Space – Ideal for Startups & Small Teams! Looking for a professional and affordable workspace to grow your business? We’re offering a fully-equipped coworking space with 10 seats spread across a spacious 800 sq. ft. area, available for just ₹40,000/month...
Posted: by Pooja aravind
Coworking Space for rent in Nungambakkam, Chennai
₹ 20,000

Coworking Space for rent in Nungambakkam

₹ 20,000

  • 600 SqFeet
  • ₹33/SqFeet
  • Immediate

Fully furnished coworking office space for Rent in Nungambakkam.

: Affordable 5 Seater coworking office space for Rent in Nungambakkam location. Just 4000/- per seat Only. Along with shared Conference, Reception, Washrooms and Pantry Area. Inclusive amenities are : WiFi / Internet AC Power Backup Maintenance Security Housekeeping etc..
Posted: by Angel sherin
Coworking Space for rent in Nungambakkam, Chennai
₹ 50,000

Coworking Space for rent in Nungambakkam

₹ 50,000

  • 1,000 SqFeet
  • ₹50/SqFeet
  • Immediate

Work Smarter, Not Harder – Your Ideal Coworking Space Awaits!

: Coworking Space Description (1000 sq. ft. | 15 Seats) Welcome to our thoughtfully designed 1000 sq. ft. coworking space , offering a balanced environment of focus, comfort, and collaboration. With 15 dedicated seats and a fully-equipped conference room , this space is perfect for freelancers, small.
Posted: by Felicita johnson

Price Trends

Locality ID
A315473111
PinCode
600034