Overview of Mogappair, Chennai

Mogappair, a suburb in Chennai, is becoming a top pick for both buyers and renters in the real estate market. Here are some key factors to think about:

Property Prices and Trends

• Properties in Mogappair start at around Rs. 5,666 per square foot, with the average price around Rs. 10,229 per square foot. Some properties can go up to Rs. 19,607 per square foot.
• Areas like Mogappair Eri Scheme average about Rs. 7,916 per square foot, starting from Rs. 6,666 per square foot.
• Mogappair West also offers competitive prices, with flats averaging Rs. 6,800 per square foot, ranging from Rs. 6,800 to Rs. 7,950 per square foot.

Appreciation and Investment

• The region has seen a major price boost of 37.32% over the past year, showing good potential for long-term investments.
• Mogappair stands out as a prime spot in Chennai for real estate due to quick price hikes and high returns on investment.

Connectivity and Amenities

• Mogappair connects well to major city parts by bus and rail, and just a short 10 minutes from Anna Nagar, a key area in Chennai.
• Many educational facilities, hospitals, and family entertainment spots are available, making it great for family-oriented urban life.

Rental Market

• Renters have lots of choices. For example, a 1 BHK flat can cost Rs. 7,750 to Rs. 21,250 monthly, a 2 BHK apartment can range from ₹12,000 to ₹42,000 each month, and a 3 BHK flat from ₹15,000 to ₹50,000.
• The market is busy, offering extras like parking, lifts, and power backup, boosting the area's appeal.

Lifestyle and Amenities

• Mogappair has many amenities, such as malls (Vijaya Forum mall, Megamart, Alsa mall), theaters (Palazzo, Sivasakthi Theatre, EGA cinemas), and healthcare services, making it a balanced location.

PropertyWala's Conclusion

Mogappair, Chennai, stands out for both buyers and renters due to its strong price increase, excellent connections, and abundant amenities. Its established residential projects, gated communities, and high rental profits make it a desirable area for people looking to invest or live in a lively, family-friendly setting. With its mix of modern facilities and strategic location, Mogappair is expected to remain a top real estate choice in Chennai.