Overview of Villivakkam, Chennai

Location and Connectivity

Villivakkam is situated in the northern part of Chennai, Tamil Nadu. It connects well with major transportation hubs, including the Villivakkam railway station, which is part of the Chennai Suburban Railway network. The place is also near main roads and well linked to other areas in the city[4.).

Property Prices and Trends

• Properties in Villivakkam begin at around Rs. 4,971 per square foot, with an average rate of Rs. 7,765 per square foot. The most expensive properties top out at Rs. 17,500 per square foot.
• When it comes to specific layouts, a 2 BHK flat ranges from ₹37.7 lakhs to ₹75.9 lakhs.

Available Property Types

• Apartments: Ranging from 2 BHK to 4 BHK, these are found in multistory buildings. They often come with corporation water, drainage, lifts, indoor games, and sometimes rooftop pools.
• Independent Houses: These include semi-furnished and fully furnished houses from 2 BHK to 5 BHK. They often have car parking, two-wheeler parking, and corporation water connectivity.
• Land and Plots: Purchases can be made for plots with prices ranging from Rs. 5,450 to Rs. 10,400 per square foot.

Rental Market

• For 2 BHK flats, rent goes from Rs. 6,500 to ₹18,000 per month. Usually, these semi-furnished flats are in areas with excellent connectivity to transportation.

Infrastructure Development

• Key infrastructure projects are taking place, including improvements at the Villivakkam and Perambur railway stations with the addition of lifts, elevators, and modernization of passenger amenities. A feasibility study for a fourth terminal in Villivakkam is also in progress.

Amenities and Facilities

• Residents benefit from amenities like corporation water, drainage, 24/7 power backup, lifts, indoor games, and occasionally rooftop pools and jacuzzis.
• The area is close to schools, hospitals, commercial centers, and entertainment zones.

PropertyWala's Conclusion

Villivakkam in Chennai is showing promise in the real estate market, with options ranging from affordable to luxury properties. Its great connectivity, ongoing developments, and diversity of property types make it appealing for both buyers and renters. With steady gains in property values yearly, now might be a smart time to buy. But keep an eye on market trends and development projects to make a more informed choice.