Overview of Manali, Chennai

Manali, situated in the northern part of Chennai, is a residential enclave featuring a variety of property options like affordable plots, houses, and villas.

Property Rates and Trends

• Average Property Price: Manali's average property price hovers around ₹6,389 per square foot. Prices swing between ₹5,000 to ₹8,833 per square foot. Property rates have grown by 4.28% annually.
• Land Rates: The cost of land in Manali varies from ₹2,050 to ₹4,200 per square foot. Land costs have seen a 20% uptick in the past year and a remarkable 76.5% climb over the past three years.
• Builder Floor Prices: Prices for builder floors fluctuate between ₹5,950 to ₹6,750 per square foot.

Types of Properties

• Villas and Independent Houses: These are abundant in Manali, coming in different sizes and styles.
• Plots/Land: Available in varied sizes for residential or investment goals.
• Builder Floors: Also available, providing diverse pricing choices.

Infrastructure and Amenities

• Healthcare: There is solid healthcare infrastructure nearby, with hospitals such as Anand Hospital Chennai, Sankara Eye Hospital, and MMC Government Hospital.
• Education: There are many good schools in the area, including Tamil Nadu Veterinary and Animal Sciences University, FES Matriculation Higher Secondary School, and Revoor Padmanabha Chetty Matriculation Higher Secondary School.
• Transportation: Manali links to other parts of the city through the Manali MTC Terminus, Kaladipet metro station, Mathur MMDA, and Tiruvottiyur railway station. But it does not have direct metro connectivity.

Lifestyle and Environment

• Public Transport: Public transportation is reliable and cabs and autos are readily available.
• Schools and Markets: There’s easy access to good schools and markets.
• Challenges: Residents struggle with frequent traffic congestions, poorly maintained roads, and industrial pollution.

Rental Insights

• Affordable Properties: The average rent for affordable properties comes in at ₹1 lakh per month.
• Premium Properties: Leasing premium properties goes above ₹1.25 lakh per month.

PropertyWala's Conclusion

When considering Manali, Chennai, we see a mix for buyers and renters alike offering property types from budget-friendly to high-end prices. While it has solid public transport, schools, and healthcare facilities, it also faces challenges such as traffic jams and air pollution. Potential buyers or renters need to take these factors into account alongside their budget and preferences. Increasing property trends and better connectivity, especially with future metro line expansions, suggest Manali is a promising investment in Chennai’s property market.