Overview of Poompuhar Nagar, Chennai

Location and Accessibility

Poompuhar Nagar rests in the Kolathur area of Chennai, lying in the northern suburbs of the city. This spot is well-connected, offering several nearby landmarks and conveniences, such as the Tech Wabag facility.

Property Prices

• Starting prices for properties in Poompuhar Nagar hover at about Rs. 7,222 per square foot, with the typical price tag at around Rs. 7,416 per square foot.
• In all, half of the available properties range in price from ₹80 Lac to ₹1 Crore, while the other half stretches from ₹1.4 Crore to ₹1.6 Crore.

Property Types and Availability

• You'll find a variety of property types here, such as apartments, standalone houses, and residential plots.
  • Apartments: 2 BHK flats dominate this sector with both rental and sale listings accessible.
  • Standalone Houses: These can be rented or purchased, providing versatility for different family sizes and needs.
  • Residential Plots: There are also plots on the market. For example, a plot of 2400 square feet with dimensions 40x60 feet, it's priced around ₹1.60 Crore.

Rental Prices

• Rent seekers might find a 2 BHK flat for a steady monthly price of ₹22,000.

Price Trends

• Property rates in Poompuhar Nagar have risen sharply by 15.22% in the last year, showing a promising real estate market trend.

Amenities and Infrastructure

• The area benefits from nearby schools, hospitals, and shopping centers, although the specifics will depend on your exact location in Poompuhar Nagar.
• Landmarks like Tech Wabag imply well-developed infrastructure.

PropertyWala's Conclusion

Real estate-wise, Poompuhar Nagar in Chennai offers a worthwhile investment and living prospect. With rising property costs and a robust year-over-year growth of 15.22%, it stands as an attractive choice for investors and regular users alike. The range of property types, stretching from budget apartments to upscale plots, suits a broad spectrum of buyers and renters. Still, it's vital to keep a close eye on current market patterns and analyze the properties carefully based on their individual features and locations within the locality. Ultimately, Poompuhar Nagar seems like a fruitful and feasible option for anyone considering buying or renting property in Chennai.