Overview of Purasaiwakkam, Chennai

Location and Connectivity

Purasaiwakkam, a locality in Chennai, Tamil Nadu, boasts a strategic location. It’s near key places like Nungambakkam, Egmore, and Central Railway Station. We see good connectivity here, with a metro project ongoing and metro stations like Kelly's within easy reach.

Property Prices and Trends

• Starting property price in Purasaiwakkam is around Rs. 3,908 per sqft with an average of Rs. 11,313 per sqft. This can go high to Rs. 25,714 per sqft.
• Year-on-year growth in property rates has decreased by about 11.19% last year.

Types of Properties Available

• Apartments: You’ll find various multi-storey apartments—2 BHK, 3 BHK, and 4 BHK flats. They come with amenities like lifts, pools, and walking areas. Some projects provide semi-furnished and fully furnished options, like TVH Lumbini Square.
• Independent Houses: Ready-to-move homes like 4 BHK, 5 BHK, and 6 BHK are available, priced competitive from Rs. 1.25 Cr to Rs. 2.58 Cr.
• Plots and Land: Residential plots are available for building homes or commercial structures. They are close to main roads and parks.

Amenities and Infrastructure

• Educational Institutions: Several schools and colleges surround the area, making it good for families.
• Healthcare: Major hospitals are nearby, ensuring medical care is close by.
• Shopping and Entertainment: The place has markets, malls, multiplexes, and entertainment spots like Abirami Mall and Theatres.
• Transportation: There are bus stops, metro stations, and railway stations making travel within Chennai convenient.

Rental Options

Renters can find both fully furnished and semi-furnished apartments. A 2 BHK flat in Waikiki Complex is available for rent at ₹26,000 per month, requiring a deposit of ₹1.75 lakh.

PropertyWala's Conclusion

Purasaiwakkam in Chennai offers a great real estate chance thanks to its central location and good connectivity. It provides affordable and luxury options for investors and individuals alike. Despite property rates dipping, this area remains appealing due to its infrastructure and amenities. Still, one should consider current market trends and personal needs before making a choice.