Vijay Nagar, Velachery, Chennai Overview

Location and Amenities

• Located in the Velachery area of Chennai, Tamil Nadu, India, Vijay Nagar has many vital amenities nearby.
• It comes with good transport access and proximity to malls, hospitals, schools, key roads, the airport, shopping centers, and temples.

Property Prices

• Properties in Vijay Nagar typically start at ₹10,000 per square foot.
• The average property price here is Rs. 9,929 per square foot.

Year-on-Year Growth

• Property prices have gone up by 10.22% within the past year. This positive trend is very much favorable for investors and buyers.

Available Properties

• Apartments: For sale or rent. For instance, 3 BHK flats with spaces between 1500 to 2000 square feet can be rented for ₹35,000 to ₹40,000 each month.
• Independent Houses: Less often listed compared to apartments.

Rental Market

• Apartment rental costs change depending on the size and furnishings. A semi-furnished 3 BHK villa of 2000 square feet can cost ₹40,000 per month to rent.
• Smaller units, like a 1 BHK flat, are available for a lower rent, ₹15,000 per month.

Infrastructure and Conveniences

• Vijay Nagar boasts quiet roads and good infrastructure.
• Educational institutions such as Tatva School and Prashanth Super Speciality Hospital are nearby.

PropertyWala's Conclusion

Vijay Nagar in Velachery, Chennai, is an enticing place for both buyers and renters. We can see that its strategic location, upward property price trends, and broad range of property types make it well-suited for investment or residence. The locality boasts robust infrastructure, essential amenities nearby, and a recent growth surge in property rates. Nonetheless, anyone considering buying or renting should keep a watch on market trends and fully evaluate personal needs and budgets for a sound decision.