Overview of Radha Nagar, Chromepet, Chennai

Location and Connectivity

Radha Nagar in Chromepet, Chennai, is a well-connected area. It's close to various amenities and has good transportation links. For those looking to buy or rent property, Radha Nagar offers a great option.

Amenities

• Educational Institutions: The area is equipped with a few schools.
• Financial Services: ATMs and banks are available nearby.
• Healthcare: Hospitals and clinics are within reach.
• Lifestyle: Gyms, Kalyana Mandapams, and other recreational spots are present.

Property Prices and Trends

• Average Price per Sq.Ft: The average price per sq.ft is approximately Rs.5,339.
• Recent Price Trends:
  • In Oct-Dec 2023, prices in Chromepet’s surrounding areas were ₹5630 per sq.ft with a 7% increase from the previous quarter.
  • Annual trends show steady price increases, with a 4% rise in 2023 compared to last year.

Property Types and Availability

• Flats for Sale: Properties range from ready-to-move 2 BHK to 3 BHK flats. These can start from around INR 45 Lac for a semi-furnished unit and can reach up to INR 85 Lac for a 3 BHK flat.
• Rentals: The locality offers several 2 BHK flats and houses available for rent.

Neighbourhood Insights

• Development and Infrastructure: Radha Nagar is a developed area with all necessary facilities, making it a convenient place to live.
• Popular Projects: There are a few significant projects in the area, indicating ongoing development and potential for long-term investment.

PropertyWala's Conclusion

Radha Nagar, located in Chromepet, Chennai, is a desirable place. It features good connectivity, amenities, and property options. Due to its steady price rise and availability of various property types, Radha Nagar is appealing for both buyers and renters. With a strong infrastructure and easy access to essential services, Radha Nagar is a good choice for investing or residing in this part of Chennai.