Overview of LIG Colony, Chennai

Location

• LIG Colony lies within the Tondiarpet region of Chennai, forming a part of the northern section of the city.

Property Prices

• Starting and average property prices in LIG Colony stand around Rs. 9,454 per sqft.
• Specific properties like a 2 BHK flat in Pmm Flats are priced at Rs. 8,182 per sqft, showing some variation.

Types of Properties Available

• The locality offers a mix of:
  • Apartments and flats
  • Independent houses and villas
  • Plots
  • Commercial spaces for business needs.

Amenities and Facilities

• Many properties feature:
  • Fully furnished apartments equipped with TV cabinets, beds, kitchen cabinets, and cupboards.
  • Parking facilities, including bike parking options.
• Notably close to Washermenpet, which is about 2.0 km away.

Price Trends and Market

• Current market trends show that buying and selling properties in LIG Colony may yield good profits. Indicators are in your favor for both investors and end-users.

Availability of Listings

• Numerous properties are listed for sale and rent in the LIG Colony area, though the number can change. Some sources note limited properties newly listed for sale at any one time.

Pros and Considerations

Pros:

• Positioned in a well-developed part of Chennai.
• Wide range of property types available for various needs.
• Amenities like furnished apartments and parking facilities.
• Favorable market trends for both buying and selling.

Considerations:

• Prices can be on the high side, with an average of Rs. 9,454 per sqft.
• Limited number of properties on the market at any given time.
• Proximity to key areas such as Washermenpet, though other parts of the city may require transportation.

PropertyWala's Conclusion

When thinking about buying or renting a property in LIG Colony, Chennai, weigh the pros and cons carefully. The area offers both affordability and luxury, with good market trends. However, pay attention to the high prices and limited availability of properties. In summary, LIG Colony is an appealing choice for those seeking highly-amenitized, strategically located properties in Chennai's northern sector.