Overview of Maraimalai Nagar, Chennai

Property Prices and Trends

• The average property price in Maraimalai Nagar, Chennai sits at around Rs. 5,613 per square foot, rising by 33.67% year-over-year (YoY).
• The price range stretches from Rs. 750 per square foot up to Rs. 7,500.
• Flats usually go for Rs. 4,200-5,600 per square foot. Builder floors range between Rs. 4,500-6,350 per square foot, while land rates fluctuate from Rs. 1,400-3,050 per square foot.

Types of Properties Available

• Residential Apartments: Found in 1 BHK, 2 BHK, and 3 BHK configurations. Prices vary but can reach over Rs. 1.14 crores.
• Independent Houses: Offered both semi-furnished and unfurnished. Built-up areas range from 520 sqft to large plots. For example, a 1 BHK row house is around Rs. 20 lakhs.
• Plots: A variety of sizes such as 600 sqft, 1200 sqft, and 2100 sqft are available, priced accordingly. A 2100 sqft plot, for instance, could cost around Rs. 16.78 lakhs.
• Builder Floors and Villas: These are also found in the area, mirroring the mentioned price range.

Amenities and Infrastructure

• Connectivity: Easily accessible, Maraimalai Nagar is close to GST Road and other key spots in Chennai.
• Amenities: Most properties include corporation water, drainage, 24*7 power backup, lifts, security, and parking for cars and bikes.
• Community Features: Gated communities offer extras like solar power, parks, and visitors' parking.

Rental Options

• Rentals: Options include 2 BHK and 3 BHK apartments and houses. For example, a 2 BHK independent house rents for ₹18,000 per month with a deposit of ₹1 lakh.
• Lease Options: There are leases too, like a semi-furnished 3 BHK flat on the third floor for Rs. 20 lakhs as a lease amount.

PropertyWala's Conclusion

Maraimalai Nagar in Chennai offers a promising real estate market with rising property prices and diverse housing options. This area boasts good connectivity and amenities. Whether buying or renting, Maraimalai Nagar combines affordability and quality living, making it appealing for buyers and investors.