Overview of Parthasarathy Puram, Chennai

Parthasarathy Puram, found in the middle of T. Nagar, Chennai, is a top choice for people buying and renting homes due to its prized location and amenities.

Property Prices and Trends

The property values in Parthasarathy Puram are high, showing the area's prestige and demand. The average cost per square foot comes to about ₹17,273, with prices ranging between ₹8,612 to ₹46,669 per square foot. We've seen a big year-over-year rise in property rates, with an increase of 9.94% last year, displaying a robust and profitable market for both buyers and sellers.

Types of Properties

The area has different property types: standalone houses, buildings, and villas. For those thinking about buying, find luxury standalone houses with big living spaces, like an 8 BHK home with a built-up area of 10,000 sq.ft and a plot of 11,250 sq.ft, priced at ₹70 crores. For more budget-friendly choices, you can look at apartments and flats in convenient spots near schools, supermarkets, and hospitals.

Amenities and Infrastructure

Parthasarathy Puram is well-connected with great infrastructure. It's close to many schools, hospitals, and other vital amenities. For example, Sarada Vidyalaya Model Girls' School and Krishna EYE and ENT Hospitals are within a 2-kilometer radius.

Rental Options

For renters, various options exist in the area, like flats and houses. Rental prices are competitive, ranging from around ₹45,000 per month for a 3 BHK semi-furnished flat.

Investor Insight

Investment-wise, Parthasarathy Puram is attractive due to its steady price growth and high demand. Many properties for sale fall in the bracket of above ₹5 crores, showing a solid market for luxury homes.

PropertyWala's Verdict

Parthasarathy Puram in T. Nagar, Chennai, is a great place for both buyers and renters, mixing luxury with convenience. Thanks to its solid price trends, splendid infrastructure, and close location to key amenities, it stands out as a perfect spot for people looking to buy or rent in one of Chennai's most prestigious neighborhoods. But be prepared for higher cost points due to its top-tier location advantages.