Overview of Urapakkam, Chennai

Position and Demand

Urapakkam, in the Kanchipuram district close to Chennai, is in high demand for real estate investing. It connects easily to famous spots and has both homes and business properties.

Property Varieties and Costs

Condos

• Prices range from ₹36 Lac to ₹1.6 Cr.
• Average price per square foot stands around ₹6,503.
• Various configurations are available: 1 BHK, 2 BHK, 3 BHK, and even more.

Independent Houses

• Prices range from ₹65 Lac to ₹1.2 Cr.
• Average price per square foot is about ₹8,908.
• Options include 2 BHK, 3 BHK, and 5 BHK houses.

Builder Floors

• Prices range from ₹25 Lac to ₹75 Lac.
• Average price per square foot is around ₹4,924.
• Available configurations include 1 BHK, 2 BHK, and 3 BHK.

Plots

• Prices range from ₹27 Lac to ₹1.1 Cr.
• Average price per square foot is approximately ₹4,398.

Villas

• Prices start from ₹38 Lac.
• Average price per square foot is about ₹3,166.

Cost Developments

• The average property price per square foot in Urapakkam is around ₹5,813.
• Flat prices have greatly appreciated: up 19.6% in the past year, 27.9% in the last 3 years, 52.8% in the last 5 years, and 96.4% in the last 10 years.

Services and Setup

• This area is recognized for its safe atmosphere and prime location.
• Known societies include Bhargavi Flats, G Square Magica, and Urappakaam Apartment.
• Close proximity to schools, temples, and key landmarks.

Rental Views

• Monthly rents vary from ₹3,500 to ₹12,000 for 1 BHK to 3 BHK houses.
• Rental options cover apartments and standalone homes with various features and maintenance fees.

PropertyWala’s Assessment

Urapakkam, Chennai, has a great real estate market with different property options for varying budgets and tastes. The area has a secure and well-connected mix of apartments, solo houses, builder floors, plots, and villas. With major price increases over the years, it’s an appealing choice for both buyers and investors. Still, anyone thinking of buying should scrutinize market trends and property prices for a wise choice.