Locality Overview: Rajakilpakkam, Chennai

Location and Amenities

Rajakilpakkam is a popular residential area in Chennai. It is famous for its growing infrastructure and amenities. It lies in the southern part of the city, making it a great place for those who want to be closer to the city but still like a suburban lifestyle. You will find various amenities around, such as schools, colleges, shopping centers, malls, and cinema theaters.

Property Rates

• Starting Price: The starting price of properties here is about Rs. 4,715 per sq ft[5|.
• Average Price: The average price is around Rs. 6,230 per sq ft[5|.
• Price Range: You can find properties ranging from Rs. 4,715 to Rs. 7,647 per sq ft.

Types of Properties

• Apartments: These are available in 2 BHK and 3 BHK flats. Their prices vary from ₹49.4 lakhs to ₹69.14 lakhs for 2 BHK and 3 BHK respectively.
• Villas: These are less common but also available.
• Land: Plots are priced around Rs. 4,700 to Rs. 6,650 per sq ft.
• Builder Floors: You can find builder floors priced from Rs. 5,900 to Rs. 14,500 per sq ft.

Price Trends

• Year-over-Year Growth: There is a small increase in property rates in Rajakilpakkam, up by 1.49% last year.
• Quarterly Appreciation: The July to September 2024 quarter saw a steady and slight boost in prices, with a 2% appreciation.

Rental Market

• Rent Increases: Higher demand has pushed up rents by about 10-15% in the outskirts.
• Factors Influencing Rent: How close it is to entertainment spots, the age of the building, and the amenities nearby significantly affect rental prices.

Infrastructure and Development

• Industrial Growth: The area has grown with small and medium-scale IT firms setting up, making it more popular.
• Amenities: Its proximity to malls, cinema theaters, and recreational spots makes it ideal for working people and families.

PropertyWala's Conclusion

Rajakilpakkam is a good choice for buyers and renter alike. It's attractive because of its blend of affordable housing, amenities, and growing infrastructure while still being a part of Chennai. Though prices are lower than in the central city area, it still provides essential services and entertainment. Still, those buying or renting should note the rising prices due to increasing demand and better amenities. In short, Rajakilpakkam is a great option for those looking for a comfortable, convenient life in Chennai.