Overview of Pudupakkam, Chennai

Location and Development

Pudupakkam, situated along the Old Mahabalipuram Road (OMR) in Chennai, has changed from a quiet suburban neighborhood to a lively real estate hub. The area gained fame with the setup of SIPCOT and other IT parks, drawing in IT professionals and business owners from all over the country[4'.

Property Prices and Trends

• Starting and Average Prices: The entry-level cost for properties in Pudupakkam starts at about Rs. 1,899 per square foot, while the average sits at Rs. 6,989 per square foot. The top end reaches up to Rs. 10,306 per square foot.
• Year-on-Year Growth: Property values in Pudupakkam climbed by a marked 14.06% in the past year, hinting at a robust and expanding market.

Types of Properties

• Apartments: Found in various designs, from 2 BHK to 3 BHK flats, with prices hovering around Rs. 6,000 - Rs. 7,000 per square foot.
• Independent Houses: Houses are available in budget tiers from 50 to 60 lakhs, offering amenities like bike and car parking, and often face north-east directions.
• Villas: Starting at INR 95 lacs, villas in Pudupakkam can reach up to INR 3 crore, providing luxury and customization. They are spacious with garden areas and great green views.

Amenities and Lifestyle

• Connectivity: Pudupakkam has great connectivity since it lies along OMR, making it perfect for IT workers.
• Amenities: Properties here often include modern conveniences like gated communities, parking, and green spaces. The area is known for its calm setting and access to various amenities.

Investment Potential

• Stable Growth: For a few years now, property prices in Pudupakkam have steadily gone up, with annual growth rates of 2-3%.
• Resale Value: There’s strong demand for properties here, especially with the planned Phase-II of the IT corridor, ensuring good resale value for villas and other types of housing.
• Rental Demand: The rental rate in the area is high, especially for 2-3 BHK apartments and villas, mainly from IT sector employees.

Future Prospects

• Developmental Stage: Pudupakkam is in the middle of growth, with current and upcoming projects aiming to improve the area's infrastructure and real estate value. The completion of Phase-II of the IT corridor will bring thousands of new jobs, further increasing property demand.

PropertyWala's Conclusion

Pudupakkam, Chennai, is a top choice for buyers and investors in real estate. Thanks to its strategic location, healthy property price increases, and many amenities, it stands out for people wanting to buy houses. The area’s likely future growth, fueled by new projects, makes it smart for long-term investments. Whether looking for affordable flats, standalone homes, or fancy villas, Pudupakkam offers a good mix of affordability, luxury, and promising profits.