Palavakkam, Chennai

About

Overview of Palavakkam, Chennai

Where Palavakkam Fits In

Palavakkam is a rising star in Chennai, South India. It's celebrated for its prime spot and popularity among investors and homebuyers alike, thanks to its close access to major city areas.

Different Kinds of Homes
  • Apartments: Options include cozy 2 BHK and big 3 BHK flats.
  • Single Houses/Villas: From luxury mansions to budget-friendly homes.
  • Land/Plots: Ideal for those wishing to build their dream homes.
Prices in Action
Apartments
  • Apts here average Rs 8,900 - Rs 9,978 per square foot.
  • Price ranges from Rs 6,764 to Rs 16,666 per square foot.
Land/Plots
  • Land sells for around Rs 8,950 - Rs 11,950 per square foot.
  • Prices have skyrocketed by 33.5% over the past year and 95.8% in just five years.
Builder Floors
  • Costs stretch from Rs 10,900 to Rs 13,750 per square foot.
Rental Scene
  • Renters can find 2 and 3 BHK flats. Prices start at ₹45,000 per month.
Price Increase Over Time
  • Apartments saw a -10.6% dip over the last decade but are stabilizing or slightly going up recently.
  • Land prices have rocketed, up 76.7% in the last three years and 85% in the last ten years.
Where Things Are Heading
  • Palavakkam's real estate market is seen as gainful for both buying and selling. Current vibes say it's a great moment for investment.
Important Stats
  • Average Price per Sq Ft: Overall, properties go for Rs 9,978.
  • Year-over-Year Growth: There was a 3.28% drop in property costs last year, though it can differ based on home type.
  • Properties Available: Over 65 available homes with 75 offers for sale in the region.

PropertyWala's Conclusion

Palavakkam, Chennai, is a must-check area for anyone eyeing a buy or rent deal. It shines with a convenient location, a variety of homes, and solid long-term price gains. Though property costs dipped slightly over the past year, the larger trend is stable and may grow. Anyone looking should account for the current market mood and the area's future prospects to decide smartly.

Reviews

Palavakkam is in East coast road of Chennai, closer to Thiruvanmiyur, beach and excellent sea breeze. One of the Posh location of ECR.

Pros
  • Frequency of buses & share autos
  • Closer to TIDEL Parks
  • Excellent sea breeze
Cons
  • Traffic congestion
Palavakkam, Chennai is rated 7 out of 10 based on 1 user reviews.
Disclaimer: The reviews are opinions of PropertyWala.com members, and not of PropertyWala.com.

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Sale Properties

3 Bedroom Apartment for sale in Nahar Ailis, Neelankarai, Chennai
₹ 1.25 Cr

3BHK Flat for sale in Neelankarai

₹ 1.25 Cr

  • Nahar Ailis
  • Immediate
  • 1,270 SqFeet
  • ₹9,843/SqFeet

Apartment / Flat

: Nahar Ailis, offers spacious 5BHK residential villas, equipped with all the amenities to facilitate the needs of the residents.
2BHK for sale in Casagrand Esquire, Perungudi, Chennai
₹ 94 L

2BHK Flat for sale in Perungudi

₹ 94 L

  • Casagrand Esquire
  • Immediate
  • 816 SqFeet
  • ₹11,520/SqFeet

2 BHK Apartment / Flat

: Casagrand Esquire project is spread over nearly 16.4 grounds of land. The towers consist of 4 floors each consists of 48 units and It is located in the IT corridor of Chennai.
3BHK for sale in Risland The Ace, Perungudi, Chennai
₹ 70.42 L

3BHK Flat for sale in Perungudi

₹ 70.42 L

  • Risland The Ace
  • Within 1 Year
  • 703 SqFeet
  • ₹10,017/SqFeet

Apartment / Flat

: Risland The Ace by Risland Group at the very prime location of Perungudi in Chennai offers residential project that host 1,2 and 3 bhk apartments in various sizes.
1BHK for sale in Risland The Ace, Perungudi, Chennai
₹ 41.99 L

1BHK Flat for sale in Perungudi

₹ 41.99 L

  • Risland The Ace
  • Within 1 Year
  • 393 SqFeet
  • ₹10,684/SqFeet

Apartment / Flat

: Risland The Ace by Risland Group at the very prime location of Perungudi in Chennai offers residential project that host 1,2 and 3 bhk apartments in various sizes.
2BHK for sale in Risland The Ace, Perungudi, Chennai
₹ 60.68 L

2BHK Flat for sale in Perungudi

₹ 60.68 L

  • Risland The Ace
  • Within 1 Year
  • 601 SqFeet
  • ₹10,097/SqFeet

Apartment / Flat

: Risland The Ace by Risland Group at the very prime location of Perungudi in Chennai offers residential project that host 1,2 and 3 bhk apartments in various sizes.
3BHK for sale in Brigade Residences, Perungudi, Chennai
₹ 2.22 Cr

3BHK Flat for sale in Perungudi

₹ 2.22 Cr

  • Brigade Residences
  • Immediate
  • 167 SqMeters
  • ₹133,269/SqMeter

Apartment / Flat

: Brigade Residences is presented by Brigade Group at Perungudi, Chennai offers residential project that hosts 3 BHK apartment with latest needful amenities.
2BHK for sale in Brigade World Trade Center, Perungudi, Chennai

2BHK Flat for sale in Perungudi

Apartment / Flat

: Brigade World Trade Center is presented by Brigade Group at Perungudi, Chennai offers residential project that hosts commercial spaces with good features.
3BHK for sale in Brigade Residences, Perungudi, Chennai

3BHK Flat for sale in Perungudi

Apartment / Flat

: Brigade Residences is presented by Brigade Group at Perungudi, Chennai offers residential project that hosts 3 BHK apartment with latest needful amenities.
3BHK for sale in Appaswamy Altezza, Perungudi, Chennai
₹ 91.52 L

3BHK Flat for sale in Perungudi

₹ 91.52 L

  • Appaswamy Altezza
  • Within 2 Years
  • 1,408 SqFeet
  • ₹6,500/SqFeet

Apartment / Flat

: Appaswamy Altezza by Appaswamy Real Estates at Perungudi in Chennai offers residential project that host 3bhk and 4bhk apartment in different sizes.
4BHK for sale in Appaswamy Altezza, Perungudi, Chennai
₹ 1.15 Cr

4BHK Flat for sale in Perungudi

₹ 1.15 Cr

  • Appaswamy Altezza
  • Within 2 Years
  • 1,776 SqFeet
  • ₹6,475/SqFeet

Apartment / Flat

: Appaswamy Altezza by Appaswamy Real Estates at Perungudi in Chennai offers residential project that host 3bhk and 4bhk apartment in different sizes.

Rental Properties

Price Trends

Also known as: Pallavakkam, Palavakkam Ecr, Palavakkam (CT)
Locality ID
A687111251
PinCode
600041