Overview of Shenoy Nagar, Chennai

Shenoy Nagar in Chennai is a popular area, attracting both buyers and renters with its strategic location, amenities, and variety of property options.

Property Prices

• Starting Price: The beginning cost for residential units in Shenoy Nagar starts around ₹ 21.58 lacs with apartments at ₹ 9,455 per sqft.
• Average Price: Properties generally sell for ₹ 5.00 crore, with an average price per sqft of ₹ 10,131 for apartments.
• Range: Property prices range from ₹ 21.58 lacs to ₹ 14.00 crore, and price per sqft can reach up to ₹ 13,559.

Property Types

• Apartments: We have various 1 BHK, 2 BHK, and 3 BHK apartments available, some of which come semi-furnished and feature modern amenities.
• Houses/Villas: There are independent houses and villas available, with some ready to move in and others still under construction.
• Plots: Plots for residential use are also present for those interested in building their own homes.

Amenities and Infrastructure

• Schools: Families appreciate the close proximity to establishments like Olive International School.
• Hospitals: Places like Billroth Hospitals nearby provide a significant advantage.
• Infrastructure: The area is well-planned with good infrastructure. There is good public transportation and other essentials nearby.

Rental Options

• Flats: There are numerous 2 BHK and 3 BHK flats available for rent. A semi-furnished 2 BHK unit starts around ₹25,000 per month, while a 3 BHK flat costs around ₹35,000 per month.
• Houses: We also offer some independent houses and villas for rent to meet different budget and space needs.

Market Trends

• Price Changes: Over the past year, property prices have fallen by 26.37%, which might be a good signal for future investments.
• Investment Potential: Even though there's down trend now, Shenoy Nagar remains a good option due to its prime location and amenities.

PropertyWala’s Wrap-Up

Shenoy Nagar in Chennai features diverse property options, including affordable apartments and luxury villas or plots. The area’s convenience, strong infrastructure, and current market trends make it an appealing choice for buyers and renters. To make the best choice, it's necessary to keep updated on prices and market changes. Timely and well-chosen investment in Shenoy Nagar can create a profitable and rewarding experience.