Overview of Shastri Nagar, Chennai

Shastri Nagar in the Adyar region of Chennai is a top choice for both buyers and renters due to its great location and lifestyle benefits.

Property Prices and Trends

Shastri Nagar's real estate prices say a lot about its prestige. Beginning around Rs. 5,882 per square foot, property prices average out at Rs. 15,151 per square foot. But the top-tier properties can reach ₹25,000 per square foot.

Types of Properties

Shastri Nagar offers many property types like apartments, independent houses, and plots. Apartment buyers have choices from 2 BHK to 5 BHK units, with luxury features like Italian marble flooring, full power backup, and parking. Those seeking more open space might look into independent houses or plots.

Rental Options

Shastri Nagar also caters to renters. Rent for a 3 BHK flat ranges from ₹67,000 to Rs. 1.4 lakh per month, depending on the amenities and location. You can find 2 BHK flats for around ₹20,000 per month. Larger homes, such as 6 BHK houses, are available too but at higher rates.

Amenities and Location

Shastri Nagar links to important places like the Adyar bus depot, schools, colleges, and shopping areas. Residents benefit from the nearby luxury amenities like the Park Hyatt Chennai and Crowne Plaza Chennai Adyar Park. This area offers plenty of natural light and peacefulness, making it great for families and professionals.

Investment and Market Trends

Shastri Nagar shows a 9.52% drop in property prices over the past year. This might mean it's a good time to buy. Even so, its excellent position and quality of life ensure its appeal remains, suggesting future property stability or appreciation.

PropertyWala's Verdict

Shastri Nagar, Chennai's Adyar region, is a top real estate pick featuring luxury, ease, and a premium lifestyle. For buying or renting, it fits all budgets and tastes. Its great connectivity, upscale lifestyle, and potential for long-term value make Shastri Nagar stellar for anyone, from users to investors.