Guide to Valmiki Nagar, Chennai

Position and Importance

Valmiki Nagar has a prime location in the southern part of Chennai, emerging as a key residential and commercial zone in the city.

Property Prices and Trends

• Starting Price: Properties here start at Rs. 8,000 per square foot.
• Average Price: The average cost of properties stands at Rs. 12,104 per square foot, marking a year-over-year (YoY) increase of 21.82%.
• Price Range: Properties now see prices from Rs. 8,000 up to Rs. 14,501 per square foot, with one reaching a whopping Rs. 41,666 per square foot.

Available Property Types

• Apartments: Options range widely in layout - 1 to 5 BHK - and cost between ₹70 Lac to ₹3.93 Cr.
• Single Family Homes: Spacious houses available too, with one extending over 4000 square feet and costing Rs. 8.0 Cr.

Rental Choices

• Flats for Rent: There are rental options available, including 3 BHK flats priced around ₹70,000 per month.

Market Trends and Return on Investment

• Investment Value: Price trends today show profitability in buying and selling properties in Valmiki Nagar due to growing property rates.
• Supply and Demand: With 108 for-sale listings, the area has ample choice for both buyers and investors.

PropertyWala’s Recommendation

Investing in Valmiki Nagar’s real estate offers lucrative chances owing to consistent year-over-year value growth and its advantageous place in the city’s south. The range of property types – apartments to single family homes – means a range of choices fulfilling diverse needs and budgets. Current market trends make investing here a promising move. Nevertheless, always do your research and think carefully about specific needs and financial position before any real estate purchase.