An Outline on Lakshmipuram, Chennai

Lakshmipuram, found in the northern section of Chennai, Tamil Nadu, is a developing residential area offering a mix of city amenities and peaceful suburbs.

Location and Connections

• Found close to places like Kolathur, Perambur, and Villivakkam.
• Well-linked by major roads like NH48, SH2, Chennai bypass road, Kolathur Main Road, and Kadappa Road.
• Close to Perambur Railway Station and Thirumangalam Metro Station.

Real Estate Market Tendencies

• The real estate here shows growth with rising property values, around Rs. 6,507 per sq. ft..
• High rental demand mostly from young professionals and students ranging from ₹10,000 to ₹24,000 monthly based on location and property size.

Property Kinds and Pricing

• Apartments: Two-bedroom types dominate with costs starting from ₹42 lacs in areas such as Sarathy Nagar Extension.
• Independent Houses: Available at budget friendly prices 30 - 50 lacs with configurations that include 2, 3, and 4 BHK houses.
• Building Rates: Average Rs. 6,507 per sq. ft., although specific projects like Muthalamman Flats are priced at ₹7,772 per sq.ft..

Facilities and Infrastructure

• Physical Network: Tied well by roads that allow easy approach to bus stops, train stations, and metro routes.
• Social Framework: Locality has schools, healthcare, shopping venues, and eateries in abundance.
• Social Establishments: Parks, temples add to a high standard of living.

Lifestyle and Neighborhood

• Mix of working folks, families, and students reside here.
• Rich cultural mix with various festivals and events a year, creating a robust community.

Obstacles

• Problems like frequent power failures and unstable water supply due to absence of appropriate setup.
• Garbage collection issues in selected areas.

Transport and Accessibility

• Various transportation options available, including trains, buses, taxis, rickshaws, and flights.
• Major roads provide ease of commuting with nearby rail and metro links.

Points of Interest

• Landmarks Around: Balamurugan Temple, Sri Somanatha Easwar Temple, Sri Lakshmi Narasimha Perumal Thirukoil, and Thai Moogambika Temple.
• Closeby Sights: Ambedkar Statue and Arignagar Zoological Park.

PropertyWala's Closing Thoughts

Lakshmipuram in Chennai offers a compelling choice for investors and homebuyers due to its strategic setup, improving facilities, and strong rental market. Even if there are obstacles with power and water supply, the community’s advancement and proximity make it an appealing option. With its blend of city resources and peaceful suburbs, Lakshmipuram is expected to maintain its positive real estate trends, promising good returns for property buying and renting ventures in this area.