Overview of Palavoyal, Chennai

Location

Palavoyal is set in the Red Hills region of Chennai, placing it within the city's northern suburbs. Close proximity to major areas and conveniences gives a big edge to residents and investors alike.

Property Prices

• Starting Price: Property costs kick off at around Rs. 1,800 to Rs. 2,465 per sqft, varying based on the type and source.
• Average Price: The average property price in Palavoyal is roughly Rs. 4,108 to Rs. 5,683 per sqft.
• Price Range: Prices stretch from Rs. 4,466 to Rs. 6,426 per sqft.

Types of Properties Available

• Apartments: You'll find a number of apartment projects in Palavoyal, designed to fit different budgets and tastes.
• Independent Houses: For more space and privacy, independent houses and villas are also available.
• Plots/Land: If you want to build from scratch, residential plots and land are options here.

Rental Options

• Houses and Apartments: There are rental listings for 1, 2, and 3 BHK houses and apartments. Monthly rent ranges from Rs. 4,000 to ₹18,000, depending on size and amenities.
• Furnished and Semi-Furnished: Some rentals are furnished or semi-furnished, ideal for quick move-ins.

Market Trends

• Year-on-Year Growth: Property values in Palavoyal have climbed substantially year after year by about 8.93%, signaling a robust market.
• Investment Potential: With rising property rates, Palavoyal looks great for buying and selling, ideal for investors.

Amenities and Infrastructure

• Proximity to Amenities: This area is near schools, hospitals, and shopping centers, perfect for daily needs.
• Transportation: Palavoyal’s proximity to main roads and transport links improves connectivity to Chennai.

PropertyWala's Conclusion

Real estate wise, Palavoyal in Chennai offers a terrific chance for those buying or renting. Rising property values, a mix of property types, and a handy location make it a top choice. Seeking an investment or a place to live? Palavoyal balances affordability, amenities, and future growth. This is a neighborhood worth looking into for your property needs.