Overview of Urapakkam, Chennai

Location and Appeal

Urapakkam is a sought-after area in Chennai. It's famous for its booming real estate scene. It's well-connected with various facilities, making it a catch for both renters and buyers.

Property Varieties

• You'll find many types of properties here, like:
  • Apartments
  • Standalone homes
  • Villas
  • Plots and land.

Property Prices

Residential Properties

• The cheapest properties start at Rs. 1,300 per sqft, while the average price is Rs. 5,813 per sqft.
• Flats go from Rs. 3,470 to ₹10,000 per sqft.
• On average, flats cost Rs. 5,500 per sqft.

Land Rates

• Rates for land come between Rs. 3,400 - Rs. 4,700 per sqft.
• Land in Urapakkam West costs from Rs. 2,150 to Rs. 4,550 per sqft.

Price Trends and Appreciation

• Urapakkam real estate has risen:
  • Up 20.4% in the past year.
  • Flats have gone up by 19.6% in the last year.
  • Land value increased by 13.9% over the past year.
  • Flats appreciated 96.4% in the past 10 years. Land did even better with a 141.2% surge.

Rental Market

• Rent prices change with property type and size:
  • For 1 BHK apartments: Rs. 9,000 - ₹14,000 monthly.
  • 2 BHK apartments: Rs. 6,000 - ₹15,000 monthly.
  • 3 BHK apartments: ₹11,000 - ₹40,000 monthly.

Facilities and Conveniences

• Properties here often provide features like:
  • Great air flow
  • Covered parking
  • Security gates
  • Proximity to key places like train stations and schools.

PropertyWala's Wrap-up

Urapakkam, Chennai, offers vibrant real estate potential and varied property choices. With rising prices, buyers find good long-term investment chances. Renters enjoy diverse housing with amenities. These days, buying or selling in Urapakkam looks like smart moves. Still, keeping tabs on price shifts and market cues helps make smart choices.