Overview of Pondy Bazaar, Chennai

Location and Accessibility

You will find Pondy Bazaar in the prestigious T. Nagar area of Chennai, a bustling and highly esteemed part of the city. Public transport links to the rest of Chennai are available here.

Property Prices

• Average Price per Sqft: Properties in Pondy Bazaar are priced at around Rs. 34,843 per square foot on average.
• Starting Price per Sqft: The starting price for homes in this area is around Rs. 41,250 per square foot.

Types of Properties Available

• Flats and Apartments: Several 2-3 BHK flats and apartments both for rent and sale are here. For instance, a 3 BHK flat in Majestic Brindavan Apartments costs ₹55,000 per month plus maintenance.
• Villas: Though no villas are currently listed in Pondy Bazaar itself, nearby areas provide villa options priced from several lakhs to crores.
• Plots and Land: There are big plots available for purchase, such as a 7000 sqft plot listed at 21.75 Cr.

Amenities and Lifestyle

• Commercial and Retail: Pondy Bazaar offers a vibrant shopping scene with many retail stores, restaurants, and extra amenities nearby.
• Infrastructure: There are great infrastructure benefits like schools, hospitals, and essential services nearby.
• Rent and Affordability: The average rent range for houses makes it affordable for many, making it a good choice for different types of people looking to buy or rent.

Market Trends

• Current Market: The current price trend shows that buying and selling properties here can be lucrative because of the area's high demand and rising property values.

PropertyWala's Conclusion

Pondy Bazaar, located in T. Nagar, Chennai, offers a profitable real estate market with a mix of residential and commercial properties. This area's top property prices show its prime location and many amenities. Buyers and renters should consider the average and starting prices and the types of properties to make a wise choice. The promising market trends suggest investing in Pondy Bazaar could be a smart choice for future growth. Still, it’s always best to do thorough research and consult with real estate experts before buying any property.