Overview of Lakshmi Nagar, Chennai

Location and Connectivity

Lakshmi Nagar lies in Porur, Chennai, boasting several amenities and landmarks nearby. The place is easily accessible close to schools, supermarkets, temples, banks, and forthcoming infrastructure projects such as the upcoming Porur metro station.

Property Prices and Trends

• Houses in Lakshmi Nagar usually start at around ₹9,150 per square foot. You will see a fairly steady price range across the region.
• Over the past year, we have observed a 6.18% increase in property values, indicating higher demand and investment potential.

Types of Properties Available

• Residential Plots: You can find plots ranging from 968 square feet to 7,000 square feet. Prices vary from ₹45.5 Lac to ₹5 Cr. Many plots face main roads and you can build up to 3-4 stories.
• Houses and Apartments: There are independent houses and apartments available, featuring 1 BHK, 2 BHK, and 3 BHK units as well as part of gated communities and individual builder floors.

Amenities and Facilities

• The neighborhood is near schools like Pon Vidyashram and St. John's, shops, and medical services with Ramachandra Medical College being nearby.
• This locality also shines thanks to good groundwater, sweet well water, and a tranquil environment.

Rental Options

Specific rental details for Lakshmi Nagar, Porur, aren't mentioned extensively here, but similar areas indicate rental properties, especially independent builder floors, are available there with deposits equivalent to 6 months' rent.

PropertyWala's Final Remarks

Porur’s Lakshmi Nagar looks like a great chance for buyers and investors. Its strategic position, strong link to public transport, and increasing property prices make it appealing for estate buyers and those looking to invest. You'll find plenty of options here from residential plots to standalone homes and apartments. The amenities present in the area will only add to its attractiveness, offering a nice and connected place to live.