Real Estate Assessment of Telephone Nagar, Chennai

Location and Amenities: Telephone Nagar, situated in Perungudi, Chennai, is prized for its strategic location and amenities. This area links major IT hubs and other central parts of Chennai. That makes it ideal for working pros and families. Its famous schools, like Shri Shankar Global Academy, plus other amenities, boost life quality here.

Property Prices: Telephone Nagar features property prices that hint at a buzzing real estate scene. Now, the average price per square foot is ₹6,251, with a starting price at ₹7,458 per square foot. Over the past year, property rates have increased 6.62%, showing a strong upward trend.

Property Types and Price Ranges: Telephone Nagar boasts diverse property types: apartments and independent houses. About 33% of available properties sell between ₹60 Lac to ₹80 Lac, and 33% sit in the ₹1.6 Cr to ₹1.8 Cr range. This broad spectrum meets various buyer needs, from budget seekers to luxury seekers.

Rental Options: Renters will find both fully and semi-furnished options in Telephone Nagar. A 3 BHK home there goes for about ₹60,000 monthly, signaling the area’s allure for both short-term and long-term rental needs.

Market Trends: Currently, the market in Telephone Nagar points to great opportunities for buying and selling. The yearly growth rate and average square foot prices hint at a steady and escalating market. That’s a win for investors and regular buyers.

Our Final Thought on Telephone Nagar

Considering its strategic spot, good market trends, and variety of properties, Telephone Nagar in Perungudi, Chennai, stands out for those hoping to buy or rent. The area’s accessibility, amenities, and escalating prices make it a lucrative investment in Chennai's property market. Whether you're a homeowner, investor, or renter, this place promises ease, value, and the chance for long-term worth growth.