Mahalakshmi Nagar is nestled in the Adambakkam region of Chennai and is a much-desired residential area offering a balanced living experience. Here, there are several important considerations from a real estate point of view:

Amenities and Infrastructure

This locality boasts all the essential amenities: schools, medical centers, temples, and markets. It’s convenient to live here due to these facilities.

Property Prices

The property prices vary according to type and size. For example, residential land or plots range from ₹60 Lac to ₹95 Lac with prices per square foot from ₹3,479 to ₹4,615. Apartments are also available; a 2 BHK flat costs roughly ₹42 Lac, with a price per square foot around ₹6,000.

Rental Options

If you’re renting, you’ll find various 1 BHK and 2 BHK flats. Many listings are available in apartments like the Sai Mudhalvan Apt in Adambakkam.

Average Property Rates

The average price is approximately Rs. 5,364 per square foot. This gives a general benchmark for property valuations in Mahalakshmi Nagar.

Houses for Sale

For those wanting to buy, independent houses in the range of 50-60 lakhs are available. These properties are accessible via real estate platforms.

PropertyWala's Final Assessment

Mahalakshmi Nagar in Adambakkam, Chennai, is a great option for both buyers and renters. There are diverse property options and relatively competitive prices. Whether seeking a spacious house or an apartment, this area provides comfort, convenience, and value. With its developed infrastructure and accessible amenities, Mahalakshmi Nagar is a preferred choice for investors and residents alike in a vibrant and well-connected area of Chennai.

To sum it up, Mahalakshmi Nagar offers everything from residential conveniences to vibrant community spaces, making it highly desirable.