Overview of Shankar Nagar, Chennai

Location

Shankar Nagar, located in Pammal, Chennai, is a part of the larger metro region. It is a great place if you want to enjoy city amenities close by.

Property Prices

• Average Price per Sqft: Properties here average around Rs. 5,325 per sqft in Shankar Nagar.
• Price Range: The cost varies, starting from Rs. 5,228 to as high as Rs. 5,350 per sqft.

Year-on-Year Growth

• YoY Growth: Shankar Nagar saw a 8.5% jump in property prices this past year. This trend is good news for buyers and investors.

Types of Properties

• Apartments: These come in different sizes, such as 2 BHK and beyond.
• Independent Houses: There are houses too, with different prices depending on their size and features.
• Villas: Villas aren't common but provide more space if you find them.

Market Trends

• Buying and Selling: Right now, both buying and selling properties in Shankar Nagar can lead to profits.
• Number of Properties: You can check out about 55 properties for sale nearby.

Amenities and Infrastructure

• Fully Furnished Options: For those who rent, some apartments come fully furnished with all kinds of furniture and appliances.
• Proximity to City Amenities: As part of the Chennai metro, Shankar Nagar offers lots of nearby schools, hospitals, shopping areas, and more urban conveniences.

PropertyWala's Conclusion

We can conclude that Shankar Nagar in Pammal, Chennai, shines with steady growth in prices, plenty of property kinds, and close access to urban perks. Whether you invest or need a place to live, this growing and connected locale comes highly recommended. The market looks bright and the prices are reasonable for the opportunities it offers.