Today, the capital city of Tamil Nadu namely Chennai is progressing at a fast pace. This city is no longer considered to be a conservative city. This is evident with mushrooming of numerous manufacturing, ITES, IT and SEZs in recent years. These developments are a clear indication that the city is growing economically at a much faster pace.

The immediate result of this sudden growth was a spurt in real estate prices. In fact, industry observers are of the view that, the real estate and property market of this southern city has a bright future. Of course the economic slowdown hit the world very hard. Luckily and fortunately, the tremors were not felt in a developing nation like India. Because India was able to absorb these tremors with head-on, itโ€™s real estate market is booming at a considerate pace. Adding to these signs of optimism is the fact that scores of NRIs are making a substantial investment in this area.

When it comes to boom in the real estate sector, Chennai is witnessing the boom in both commercial and residential properties. Experts of this industry vehemently believe, this is the perfect timing when you should be thinking of investing in the city. Depending upon your budget and preferences, you will definitely find a property of your choice. Today the entire city is witnessing expansion drive undertaken by the authorities and private builders. That is the reason why this expansion is even taking place at suburban areas. This has given more space at the disposal of the real estate professionals to explore. The city has seen an increasing numbers of condominiums. This in turn has alleviated the space related crisis that was prevalent earlier.

Anna Nagar East

18-21

20

Locality Sale Rent
  Price Range In Rs.(in sq. feet) Average Price(in sq. feet) Price Range(in sq. feet) Average Price In Rs. (in sq. feet)
Ashok Nagar 15-18 17
Besant Nagar 9,058-10,353 9,705 32-39 35
Chetpet 26-29 28
Chromepet 3,585-4,111 3,848
Egmore 7,780-26,625 17,203 23-25 24
G S T Road 2,721-3,069 2,895
Gudovancherry 2,078-2,548 2,313
Kattupakkam 2,981-3,362 3,171
Kilpauk 7,679-14,951 11,315 21-22 22
Kodambakkam 4,489-10,329 7,409 16-18 17
Kolathur 0-34,614 14,273
Kotturpuram 29-41 35
MRC Nagar 30-40 35
Madipakkam 3,391-3,630 3,510 10-Nov 10
Mandaveli 24-30 27
Medavakkam 3,267-3,449 3,358 09-Nov 10
Mogapper 4,507-4,831 4,669
Mogapper West Oct-17 14
Mylapore 27-31 29
Nolambur 10-Dec 11
Nungambakkam 9,841-11,573 10,707 21-45 33
OMR Road 2,804-2,970 2,887 Dec-16 14
Old mahabalipuram road 2,839-3,682 3,261
Oragadam 2,825-3,256 3,040
Pallikaranai 3,610-3,787 3,699 11-Dec 11
Pammal 3,084-3,277 3,180
Perungudi 4,114-4,628 4,371 Dec-13 13
Porur 3,668-4,176 3,922 Nov-13 12
Poyes Garden 42-50 46
R.A Puram 35-39 37
Royapettah 24-29 26
Santhome 23-28 25
Sholinganallur 15-18 16
Sriperumbudur 2,347-2,545 2,446
T.Nagar 8,781-9,853 9,317 24-26 25
Tambaram East 3,122-3,537 3,330
Tambaram West 3,116-3,367 3,242
Teynampet 30-36 33
Thirumullaiyoil 2,669-2,905 2,787
Thiruvanmiyur 7,169-8,302 7,735 22-25 24
Thorapakkam 4,145-4,514 4,330 14-16 15
Tiruvanmiyur 22-27; 25
Urappakkam 2,623-4,092 3,357
Vadapalani 5,458-6,748 6,103 0-128 63
Valasaravakam 4,392-4,917 4,655
Velacheri 5,208-6,123 5,665 16-18 17
Villivakkam 4,177-4,988 4,582
Virugambakkam 4,971-5,882 5,426
West Mambalam 5,909-7,023 6,466

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