Overview of Ponmar, Chennai

Ponmar, situating itself in the southern part of Chennai, swiftly grows as a locality and brings together affordability, lifestyle, and investment potential for people wanting to buy residential property.

Strategic Location

• Ponmar is placed along the Medavakkam-Mambakkam Road, offering good links to important parts of Chennai via well-paved routes.
• You will also find nearby schools, hospitals, and commercial areas, making it a great spot for families and professionals.

Property Prices and Trends

Average and Starting Prices

• If you're looking at properties in Ponmar, the starting price is around Rs. 2,499 per square foot, while the average price is Rs. 5,516 per square foot.
• Flats start at Rs. 4,100 to Rs. 5,200 per square foot, and land ranges from Rs. 3,050 to Rs. 4,000 per square foot.

Appreciation and Growth

• Last year, property prices in Ponmar went up by 11.0%, showing a positive growth trend.
• Land values increased by 24.1% in the past year, jumping by 71.4% over the last three years, and soaring by 125.0% over the last decade.

Types of Properties

Residential Options

• You can find several types of homes in Ponmar, including apartments, standalone houses, villas, and land for various needs.
• Custom home or builder floor prices range from Rs. 5,000 to Rs. 7,050 per square foot.

Amenities and Facilities

• Most homes are equipped with top-notch facilities like water supply, drainage, a 24*7 power supply, security systems, CCTV cameras, playgrounds, gyms, elevators, and parks.

Comparative Analysis with Neighboring Areas

Medavakkam

• Unlike Medavakkam, which is often packed and urban, Ponmar has a calm living space and lower property prices.

Siruseri

• While Siruseri has its IT Park, Ponmar appeals to buyers due to its peaceful living and proximity to employment areas.

Perumbakkam

• In contrast to Perumbakkam, Ponmar shines with the promise of quick development and rising property values.

Investment and Rental Potential

Investment

• With strategic location and continuous infrastructure development, this area shows great potential for investment.
• Its promise for rapid appreciation in property values makes it attractive.

Rental

• Renters can look forward to options like semi-furnished apartments offering features such as fans, lights, wardrobes, and secure parking.

PropertyWala's Conclusion

So, Ponmar in Chennai is a compelling option for both first-time buyers and investors. It blends peace with modern amenities and a strategic spot, offering affordability and lifestyle benefits you won't find elsewhere. The positive growth and skyrocketing property prices make it a fantastic choice for real estate investment. Whether you're after a home or investment, Ponmar covers all bases.