Overview of MCN Nagar, Chennai

Location

Situated in Thoraipakkam, Chennai, MCN Nagar is nestled in a suburb famous for proximity to prominent IT parks and commercial hotspots.

Property Prices

• Starting at Rs. 6,500 per square foot.
• Averagely priced at Rs. 6,972 per square foot.
• Ranges from Rs. 6,500 to Rs. 7,448 per square foot.

Year-over-Year Growth

• Property rates sky-rocketed by 23.3% over the last year, showing a robust and expanding market.

Types of Properties Available

For Sale

• Choices like apartments and standalone houses exist.
  • For example, a 3 BHK flat in Ramaniyam Mandhagini, starting from INR 98.41 Lakh for 1,514 square feet.
  • A standalone 2 BHK home can be bought for Rs. 54.45 lakhs.

For Rent

• Fully furnished and semi-furnished apartments are rented out.
  • A 3 BHK flat at Color Homes comes with a rent of ₹30,000 plus ₹ 2,000 for maintenance and a deposit of ₹1.5 lakh.

Amenities and Facilities

• Typical amenities include:
  • Security
  • Visitor and car parking
  • Power backup
  • Vaastu compliance
  • External landscaping and painting

Market Trend

• Rising property values indicate a profitable market for both buying and selling properties in MCN Nagar.

PropertyWala's Conclusion

Thoraipakkam's MCN Nagar in Chennai is a real estate hotspot with considerable growth in property prices annually. The area provides a selection of affordable and upscale apartments and independent houses with various amenities. Given the strong market trend and proximity to major IT parks, MCN Nagar stands out for investors and buyers. However, scrutinizing price trends and market conditions is vital for making any decisions.