Overview of Nammalwarpet, Chennai

Location and Accessibility

Nammalwarpet lies in the Purasawalkam area of Chennai. It's fairly close to important landmarks and essential amenities, offering ease for the residents. The area boasts proximity to Thangam Matriculation School and PB Hospital, showcasing excellent access to both educational and medical resources.

Property Prices

• Prices per square foot in Nammalwarpet can vary slightly by source but generally are between ₹9,814 to ₹11,186 per sq-ft.
• Available properties for sale range from ₹33.3 Lac to ₹2.47 Cr, giving various options for different budgets.

Types of Properties

• For Sale: You can find various property types: 1 BHK, 3 BHK, and up to 5 BHK apartments. These can be situated in different projects or standalone buildings.
• For Rent: You might find fully furnished and unfurnished apartments for rent. For example, a 1 BHK flat in a standalone building can be rented for ₹10,000 per month with a deposit of ₹1 lakh.

Amenities and Preferences

• Furnishing: Properties range from fully furnished to unfurnished, fitting different tenant needs.
• Preferred Tenants: Many properties favor families, displaying a family-friendly atmosphere.
• Additional Features: Some rentals include amenities like TV cabinets, beds, kitchen cabinets, and cupboards, ready for immediate occupancy.

Market Trends

• Prices in nearby neighborhoods like Kilpauk and Ayanavaram have fluctuated over the years. For instance, in Kilpauk, prices rose by 6% in the Jan-Mar '24 quarter compared to the previous quarter.
• Hence, the real estate market in and around Nammalwarpet remains dynamic and can present both opportunities and challenges for buyers and sellers alike.

PropertyWala's Conclusion

In summary, Nammalwarpet, Chennai, provides a mix of affordability, accessibility, and amenities, making it appealing for both buyers and renters. With diverse property types and price ranges, it meets various needs and budgets. However, it’s good to keep market trends in nearby areas in mind to make well-informed choices. Ultimately, Nammalwarpet stands as a promising opportunity for those who want to invest in or live in a convenient and relatively affordable neighborhood of Chennai.