Overview about Nungambakkam, Chennai

Location and Connectivity Information

Nungambakkam is a premium neighborhood in southwest Chennai, famous for its great connectivity to various parts of the city. It’s near many business and IT hubs, educational centers, healthcare services, and upscale malls, making it ideal for both buyers and tenants.

Property Kinds Available

This area has many different types of properties, including:

• Villas: Standalone villas cater to people seeking fancy, big homes.
• Apartments: Top-quality apartments, including small ones, fill the Nungambakkam housing market.
• Builder Floors: These add a premium touch, combining luxury and affordability.

Property Prices Insight

Average and Starting Rates

• Properties start around Rs. 8,333 per square foot.
• Average property prices hover between Rs. 20,562 and Rs. 20,984 per square foot, depending on type.

Price Classification

• Flats: Ranges from Rs. 14,050 to Rs. 23,250 per square foot.
• Builder Floors: Range from Rs. 16,400 to Rs. 20,700 per square foot.
• Land: Costs vary from Rs. 10,300 to Rs. 27,450 per square foot.

Pricing Patterns and Appreciation History

Annual Increase

• Property rates have risen between 9.21% and 9.53% in the past year, showing positive momentum.

Longer-Term Growth

• Flat prices gained 67.4% in three years and 53.5% in five years.
• Land prices rose 37.4% in the last year and 83.1% over the past ten years.

Rental Situation Analysis

Rental Cost Breakdown

• 1 BHK: Monthly rentals move from Rs. 15,000–₹20,000.
• 2 BHK: Range falls between Rs. 20,000–₹27,000.
• 3 BHK: Monthly rentals go from Rs. 27,000–₹35,000.

Amenities and Infrastructure Details

• Educational Centers: Places like Loyola College are here.
• Healthcare: Facilities like the Kanchi Kamakoti CHILDS Trust Hospital serve residents.
• Commercial Zone: Hosts consulates, offices, and luxurious malls.
• Cultural Spots: Includes landmarks such as Valluvar Kottam.

PropertyWala's Conclusion

Nungambakkam in Chennai is a top choice for buying or renting owing to its strong connections, infrastructure, and steady growth in property values. Combining fancy villas, quality apartments, and upscale builder floors, this area appeals to many preferences and budgets. Its growing property prices and active rental market make it good for property investment and living comfortably.