Overview of Pasumpon Nagar, Chennai

Location and Accessibility

Pasumpon Nagar, which is in the Pammal area of Chennai, offers good access to different parts of the city. Its closeness to Pammal Bus Stop makes commuting easier for residents.

Property Prices

• Properties in Pasumpon Nagar start around Rs. 4,778 per square foot.
• The average price is about Rs. 5,070 per square foot.
• Residential plots can go up to Rs. 7,000 per square foot depending on where you are and the amenities offered.

Types of Properties Available

• Residential Properties: There's various types like apartments, standalone houses, and villas. For instance, there are 4+ BHK houses with features like bike parking and multiple bathrooms.
• Residential Plots: Many land plots can also be bought, varying in size and price. They're great for building standalone homes or for investment.

Price Range for Different Properties

• Standalone Houses: Prices generally range from ₹30 lakhs to ₹50 lakhs, or even more, depending on the house size and other features.
• Residential Plots: Plot prices range from ₹38.50 lakhs to ₹42 lakhs for plots roughly around 600 square feet.

Market Trends

• The current trend shows that buying and selling properties in Pasumpon Nagar can be profitable with stable, slightly increasing property prices.

Amenities and Infrastructure

• The area is developing with basic amenities such as schools, bus stops, and local markets.
• Yet, detailed info about amenities like parks, malls, or hospitals is not widely available, pointing to it being home-oriented mostly.

Benefits and Drawbacks

Benefits

• Affordability: Compared to many areas in Chennai, Pasumpon Nagar provides more affordable housing.
• Accessibility: Being near Pammal Bus Stop and other transport links makes it easy to commute.
• Market Stability: With prices rising slightly but steadily, it’s a good investment.

Drawbacks

• Limited Amenities: Amenities like shopping malls, theaters, and large parks are few.
• Development Stage: Although developing, it lacks some modern infrastructure found in other areas.

PropertyWala's Final Thoughts

In Chennai, Pasumpon Nagar is a practical option for those wanting to buy or invest in residential properties, especially on a budget or for long-term gain. Its consistent property value and decent accessibility make it appealing. However, it's vital to consider the current state of amenities and infrastructure. For those aiming for affordability and growth potential, Pasumpon Nagar is worth considering.