Overview of Periyar Nagar, Kanchipuram

Location

• Periyar Nagar sits in Kanchipuram, part of Chennai metropolitan area, Tamil Nadu, India.
• The location places it close to Kanchipuram, so those nearby city amenities will be convenient.

Property Types

• Residential Plots: Available for purchase, with average prices at Rs. 153 per sqft. These are often approved by RERA and often include benefits like corner plots and multiple road accesses.
• Flats: We also have apartments up for sale. Prices can differ based on the plot size and perks. Taking one 1320 sq.ft plot as an example, it's priced about ₹1060/sqft.

Price Trends

• In Periyar Nagar, property values have stayed pretty stable. The average cost per sqft for plots is around Rs. 153, meaning a potentially sound investment opportunity.

Infrastructure and Amenities

• Thanks to its nearness to Kanchipuram, we have access to numerous amenities like schools, hospitals, shopping centers, and transportation routes.
• The area’s DTDC (Directorate of Town and Country Planning) and RERA approvals for plots guarantees that buyers meet regulatory criteria, adding a layer of security.

Advantages

• Proximity to City Amenities: Living close to Kanchipuram means easy access to major services and facilities.
• Regulatory Compliance: RERA-approved plots offer assuredness of legitimate and regulated real estate deals.
• Affordability: Cost in Periyar Nagar is fairly competitive compared to other areas in Chennai.

Considerations for Buyers and Renters

• Market Stability: A steady market implies a low-risk financial venture.
• Limited Rental Listings: Buying options are available but rental options here are scarce compared to other neighborhoods.

PropertyWala's Conclusion

Investing in Periyar Nagar in Kanchipuram seems quite fair for those eyeing property in the Chennai metropolitan area. Its proximity to Kanchipuram, along with the regulatory approval of the plots and a stable property market position it well. Yet, investors should also think about the rental availability if they plan on renting out the property in the future. Sum it up, Periyar Nagar offers a mix of affordability, ease of access, and regulatory assurance, making it worth thinking about for real estate investments.