Overview of Ponniammanmedu, Chennai

Ponniammanmedu, located in Chennai, brings together different elements, making it a good choice for people buying or renting homes.

Property Prices

The prices for properties in Ponniammanmedu vary. For houses, prices start around Rs. 4,375 per square foot, average at Rs. 7,428 per square foot, and reach up to Rs. 12,600 per square foot.

Plots and Land

If you want to buy plots, Ponniammanmedu has various choices. Residential plots are available from 625 to 1380 square feet, and even bigger ones. Prices range from ₹90.2 Lac to ₹4.38 Cr, depending on the size and location.

Amenities and Infrastructure

It’s well-connected with amenities like schools, hospitals, and shopping centers. Nearby are landmarks like Villivakkam Railway Station and main bus stands, with access to the coming metro line. There are also well-planned lands with proper documentation for family homes or apartment building.

Development and Growth

Ponniammanmedu is still growing, making it an attractive option for investors hoping to see value increase. The area is expanding fast with new projects and infrastructure including the upcoming metro station. This will improve connectivity and property value.

Rental Options

For renters, it’s affordable with gated community flats available at different prices based on the builder, locality, and BHK. This makes it suitable for various renter types.

Year-on-Year Trends

The property rates here have gone up by around 3.45% yearly. This suggests a steady market, offering good profit potential for sellers and buyers.

PropertyWala's Verdict

Ponniammanmedu, Chennai, combines affordability and excellent growth potential making it a promising area for real estate investments. Whether you plan to buy a home, a plot, or rent, this area offers diverse options fitting all budgets. The continuous development and improvements mean Ponniammanmedu is deserving of consideration for those seeking to invest or live in this growing part of Chennai.