Overview of Vengal Village, Tiruvallur

Location and Accessibility

• Vengal is nestled in the Thiruvallur district of Tamil Nadu, positioning it within the bustling Chennai metropolitan area.
• It has solid connections to major roads and highways, embracing the Peripheral Ring Road and NH 716B. It is just a stone's throw away from Veppampattu railway station, boosting its accessibility.

Real Estate Market

• The real estate scene in Vengal leans heavily toward residential plots. These residential plots vary, selling between ₹3.7 lakhs and ₹50 lakhs, contingent on plot size and location.
• The average price per square foot stands between ₹333 to ₹650, depicting a reasonably affordable market compared to other parts of Chennai.

Property Types and Prices

• Residential Plots:
  • Plot sizes span from 900 sq-ft to 9600 sq-ft.
  • Prices range from ₹3.7 lakhs to ₹50 lakhs.
  • Many plots are found below ₹10 lakhs and from ₹10 lakhs to ₹20 lakhs.
• Specific Listings:
  • A plot of 2400 sq-ft might cost around ₹8 lakhs to ₹14.3 lakhs.
  • On the high end, a 9600 sq-ft plot is up for ₹50 lakhs.

Amenities and Infrastructure

• Future Developments:
  • The Tamil Nadu Knowledge City (TKC) is a 1,703-acre project slated for Uthukottai taluk and Vengal village. It will house global universities, research centers, skill development facilities, and knowledge-based industries, dramatically lifting the area's infrastructural and economic outlook.
• Current Amenities:
  • Nearby educational institutions like Velammal and RMK schools and engineering colleges.
  • Access close by to healthcare facilities and transportation hubs.
  • Access to basic amenities like drinking water supplied by the municipality.

Safety and Livability

• Although safety data is not provided, the new developments, like the Knowledge City, suggest a better livability and safety profile.
• Noteworthy, gated communities and planned developments with boundary walls offer extra security.

Rental Market

• Even with the primary focus on property sales, there are rental options available, albeit less popular.
• Rental prices range from ₹3,000 to ₹30,000 per month for shared living spaces and studio apartments.

PropertyWala's Conclusion

Vengal Village in Tiruvallur offers a great chance for real estate investors, especially those eyeing residential plots. The area promises big benefits from the upcoming Tamil Nadu Knowledge City, vastly improving infrastructure, job opportunities, and livability. With reasonable prices and a variety of plot sizes, Vengal stands out for investors and dream home builders. Yet, potential buyers need to watch the development progress and infrastructure upgrades to get the most out of their investment.