Real Estate Overview of Nemilichery, Chennai

Nemilichery, situated in the Chromepet area of Chennai, is a flourishing locality with a mix of residential choices, appealing to buyers and renters alike.

Pricing and Affordability

Property costs in Nemilichery vary widely. The average price per square foot is ₹7,363, ranging from ₹1,300 to ₹13,157 per square foot.

• There are competitive priced independent houses and villas. Ready-to-move 2 BHK houses start around ₹35.3 Lac, and an 8 BHK independent house can go up to ₹1.35 Cr.

Types of Properties

Nemilichery provides a variety of property options, including:

• Independent Houses: Available as 1 BHK, 2 BHK, or luxurious 8 BHK houses. These are often well-equipped and close to landmarks like the Nemilichery railway station and Tidel Park.
• Flats and Apartments: A range of multi-story and builder floor apartments are there, from 2 BHK to 5 BHK, both furnished and unfurnished. These belong to recognized societies and feature basic to premium amenities.
• Villas: Spacious luxury villas, facing south or other directions, are available. They come with modern amenities.
• Residential Plots: For building your own home, plots are available. Some are in main road areas, close to the Nemilichery railway station.

Infrastructure and Amenities

Nemilichery offers many amenities and has good connectivity:

• Transportation: It’s close to the Nemilichery railway station and the Outer Ring Road, making it accessible.
• Education: Jaya Public School and Jaya Group of Institutions are nearby.
• Healthcare: Grace Hospital, a nearby hospital, ensures readily available medical facilities.
• Employment Hubs: The area is near Tidel Park, an important IT hub, attracting many professionals.

Growth and Investment Potential

The real estate market in Nemilichery has grown a lot, with property prices rising by 12.24% year-on-year. This makes it a great time for buying and selling properties.

PropertyWala's Insight

Nemilichery in Chennai stands out for real estate investment and residential living. With its varied properties, decent connectivity, and close amenities, it offers a good living experience. The area’s rising property values and infrastructure developments make it smart for buyers and investors alike. Whether you’re looking for a house ready to live in, a prime location flat, or a plot to build, Nemilichery has options for all budgets and preferences.