Overview of Maraimalai Nagar, Kanchipuram

Maraimalai Nagar, situated in Kanchipuram district of Tamil Nadu, is rapidly becoming a prime spot for real estate, offering residential, commercial, and industrial prospects. Here's a thorough breakdown from a real estate standpoint to guide your decision-making.

Property Prices

• Average Price per Sqft: Real estate prices in Maraimalai Nagar average Rs. 5,613 per sqft, with a range from Rs. 3,162 to Rs. 7,500 per sqft.
• Flat Prices: Flats typically cost between Rs. 4,200 - Rs. 5,900 per sqft.
• Land Rates: Prices for land fluctuate between Rs. 1,400 to Rs. 3,050 per sqft.
• Builder Floor Prices: Ranging from Rs. 4,500 - Rs. 6,350 per sqft, for builder floors.

Property Types

• Apartments: A variety of apartments exist here, from 1 BHK to 3 BHK, often within gated communities offering 24x7 backup, security, lifts, clubhouses, gyms, swimming pools, and theaters.
• Independent Houses: Diverse independent houses, ranging from 1 RK to 3 BHK, often featuring porticos, garden spaces, etc.
• Plots: Residential plots available in various sizes, perfect for building multiple floors. Located in prime areas with good access to parks and main roads.

Rental Options

• Flats for Rent: Flats rental costs vary, with 2 BHK units typically from Rs. 9,000 to ₹20,000 monthly and 3 BHK from ₹13,000 to Rs. 33,500. Rentals often come with ACs, wardrobes, fridges, and covered parking.
• Houses for Rent: Monthly rents range from Rs. 5,000 to ₹25,000. These also often have furnishings, geysers, washing machines, and gas stoves.

Amenities and Infrastructure

• Educational Institutions: Nearby several schools and institutions, like SRM University, which is a big draw for families and students.
• Transportation: Good road access, especially to GST Road, and Maraimalai Nagar Railway Station, making it convenient for commuters.
• Community Amenities: Clubhouses, gyms, swimming pools, theaters—a range of amenities offered in many residential projects.

Market Trends

• Price Appreciation: Maraimalai Nagar property prices have gone up notably—33.67% over the last year and a whopping 50.8% over the last decade.
• Investment Potential: With steadily increasing prices and rising demand, this area is good for buying and selling properties.

PropertyWala's Conclusion

Maraimalai Nagar is a promising real estate market with varied property types, great pricing, and solid infrastructure. Its proximity to schools, good transport, and many amenities make it appealing for buyers and investors. The property value is likely to increase, making this area a good choice if you're looking to invest or move.