Location and Overview

Varadapuram in Chennai's Kotturpuram area is part of the Chennai District in Tamil Nadu, India. This place stands out because of its strategic value, appealing to both buyers and renters.

Property Rates

• Per square foot, Varadapuram's average price stands at about Rs. 17,159.
• Kotturpuram's flats range in price from Rs. 8,900 to Rs. 17,900 per square foot. For land, this range is Rs. 15,100 to Rs. 25,700.
• Builder Floor prices in Kotturpuram are around ₹16,000 per square foot.

Property Types

Varadapuram and Kotturpuram feature several property options like:

• Apartments
• Builder Floors
• Independent Houses
• Diverse sizes and types of land plots.

Price Appreciation and Trends

Flat prices in Kotturpuram have dropped -13.0% over the past year, -23.2% over the last 5 years, and -9.4% in the last decade. Recently, active listings are down while demand grows, indicating a competitive market that could see small price increases.

Infrastructure and Amenities

This area is close to schools, hospitals, and public transport. New projects like the Chennai Metro Rail Phase II aim to boost connectivity, making this area even more attractive.

Demand and Rental Market

Residential rentals in Chennai and surrounding areas like Kotturpuram are growing due to economic development and city influx. The demand is high for apartments, especially semi-furnished 1 BHK and 2 BHK units.

Factors Influencing Demand

Location: Close to work areas, schools, and amenities boosts rental rates. Economic Conditions: A solid job market, especially in IT and manufacturing, attracts workers and raises housing demand. Demographic Trends: Urban movement and the growth of single-family units fuel demand for smaller apartments. Supply and Demand Dynamics: With fewer listings and rising demand, rental prices increase.

PropertyWala's Conclusion

Varadapuram and Kotturpuram highlight a strong real estate chance with varied housing options, bettering infrastructure, and high demand from economic and demographic growth. Property prices have shifted, but the place's central location and development trends suggest good long-term appreciation. Buyers and renters should keep an eye on market currents and demand influencers for better choices.