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Parangi Malai, Chennai Overview

Location and Connectivity

• Situated in Southwest Chennai, Tamil Nadu, using the PIN 600016.
• Nestled between Ramapuram, Alandur, and Kalaignar Nagar.
• Superbly connected via various roads and rail routes. Also nearby is the Alandur Metro Station (1.6 km away) and St. Thomas Mount railway station (2.3 km away).

Infrastructure and Amenities

• A well-built infrastructure with major streets like Magazine Road.
• Easily reachable from Chennai International Airport (5.6 km away) for travelers.
• Hosts notable educational venues including the Military School, RCM Higher Secondary School, Remo International College of Aviation, and St. Britto's College Chennai.
• Equipped with health centers like Raadha Rajendran Hospital and Delta Hospitals.
• Includes modern shopping areas like Grand Galada Centre Mall and Phoenix Mall Park, additional small markets, and restaurants.

Property Rates and Trends

• Property prices soar from Rs. 5,142 up to Rs. 13,142 per square foot, reflecting steady growth because of infrastructure and more demand.
• The average cost is around Rs. 7,047 per square foot.
• The rental market remains strong with monthly rates from Rs. 12,500 up to Rs. 33,500.

Employment Hubs and Economic Centres

• Close to major business districts and IT parks, making it an economic powerhouse.
• Quick access to various job centers shortens commutes and improves work-life balance.

Lifestyle and Community

• Has a diverse population with plenty of IT professionals, business owners, and government employees.
• The area combines modern living with traditional flair, including many cultural celebrations and community activities.

Available Property Types

• For sale, there are standalone houses, some from smaller lots to larger ones (e.g., 6000 sq.ft. at ₹11.67k/sq.ft. in Nesapakkam).
• Both for sale and rent, available apartments with numerous layouts (e.g., 1 BHK with 1 bathroom).
• Residential land plots for sale, with prices differing a lot (e.g., ₹80 Lac in Manapakkam to ₹2.3 Cr in St Thomas Mount).

PropertyWala's Conclusion

Let's wrap it up: Parangi Malai, Chennai, is a great choice for buyers and renters seeking a highly connected, convenient, and economical spot. With rising property values, a solid rental demand, and fantastic amenities, it blends modern conveniences with traditional charm perfectly. Plus, its nearness to major job centers, schools, and hospitals makes it even more attractive. Whether you're a young person, family, or investor, Parangi Malai promises long-term value and a good quality of life.