Overview of Thandalam, Chennai

Location and Accessibility

Thandalam in the west of Chennai beckons for real estate investment. Nearby, you’ll find Kundrathur and Chennai International Airport merely 8 KM away. Also within easy reach are facilities such as Madha Medical College and Sri Krish International School.

Property Rates and Trends

• Prices start at Rs. 1,633 per sqft, with an average hovering around Rs. 4,870 per sqft.
• Rate spreads from Rs. 2,357 to Rs. 9,565 per sqft.
• There’s been a 12.77% drop in rates over the last year, signaling a buyer's market.

Types of Properties Available

• Residential Plots: Ranges from 800 sqft to 2400 sqft, priced between Rs. 2,500 per sqft to Rs. 5,401 per sqft. Look at communities like Iyar Anandham, The Park Origin, and MS Smart City.
• Apartments: With average prices from Rs. 4,000 to Rs. 4,870 per sqft, these come in various setups, such as 2 BHK flats.
• Villas: Expect large price ranges, often several lakhs to crores for luxury villas depending on size and features.

Amenities and Infrastructure

• Thandalam connects well to main roads and boasts schools, colleges, shops, and healthcare.
• Modern projects feature full security, tar roads, streetlights, and other conveniences.

Growth Prospects

• Regarded as an upcoming place for property investment in Chennai, with many new projects surfacing.
• Though a bit congested, there's ample growth potential for future value appreciation.

PropertyWala's Conclusion

For prospective buyers or renters, Thandalam in Chennai stands out with its strategic positioning, variety of property types, and growth promise. Even with last year’s property rate reduction, its infrastructure and amenities keep it appealing to both investors and homeowners. Keep an eye on market trends and weigh specific needs and budgets before committing.