Overview of Mambakkam, Chennai

Mambakkam, situating south of Chennai, blossoms as a residential spot blending affordability, connectivity, and facilities, appealing to both buyers and renters.

Property Prices

• Average Price per Sq. Ft.: Around Rs. 5,109 per sq. ft. in Mambakkam. Yet, for flats, the average transaction price is around Rs. 4,700 per sq. ft. again per another source..
• Price Range: There, properties sell from Rs. 2,125 to Rs. 7,462 per sq. ft..
• Year-on-Year Growth: Property prices have hiked by 8.73% recently. Flats specifically have seen a 3.3% increase in price.

Types of Properties

• Flats/Apartments: Flats start from Rs. 3,000 per sq. ft. to Rs. 5,650 per sq. ft. The average sits at Rs. 4,700 per sq. ft..
• Independent Houses: Prices hover around Rs. 1,850 per sq. ft..
• Builder Floors: Starting at Rs. 4,950 per sq. ft..
• Plots/Land: There has been a huge jump in land rates, reflecting a 52.9% price hike in the past year.

Amenities and Infrastructure

• Schools and Colleges:

  • VIT Academic Block
  • Vellore Institute of Technology
  • The School - KFI
  • Jeppiar Engineering College
  • Sithalapakkam Government High School
  • Venkateswara Vidyalaya primary school
  • Professor Dhanapalan College For Women
  • St Joseph's College of Engineering

• Hospitals:

  • Chettinad Health Centre
  • Sugam Hospital
  • Kathir Memorial Hospital

• Transportation:

  • Roads connect well through Kembakkam-Vandalur Road and Mambakkam-Medavakkam Main Road.
  • Close to IT parks like Chennai One IT SEZ, Futura Tech Park, Shriram Gateway Office Parks, and ASV Suntech Park.

• Other Amenities:

  • Temples nearby such as Sri Lakshmi Kuberar Temple, Irakalamman Hindu Temple, and Amman Kovil.
  • Shopping at places like AGS VIRA mall.
  • Quality roads and good connectivity.

Lifestyle and Environment

• Pros:

  • Excellent public transport
  • Presence of good schools and colleges
  • Easy availability of cabs/autos
  • Nearby medical facilities
  • Well-connected roads.

• Cons:

  • Common traffic jams
  • Little upkeep in parks and playgrounds
  • Poor street cleaning and garbage management
  • Limited malls and theaters.

Rental Insights

• Average Monthly Rent: It varies from ₹15,000 to ₹18,000 for mid-grade properties and goes above ₹20,000 for premium options.

PropertyWala's Conclusion

Mambakkam, Chennai, blends affordability, connectivity, and amenities, offering an attractive option for investors and renters. While boasting quality public transport, good schools, and medical services, the area also faces issues like traffic jams and lack of public space upkeep. Rising property prices and growth hint at a bright investment future. Yet, buyers and renters should carefully consider these aspects to align choices with their needs and preferences.