Wednesday 29 October 2014

Where to look for apartments in Chennai west


Porur

Porur is one of the most well-known suburbs in the western part of the city. It is home to many IT parks and has a slew of arterial roads running through it. Hence it is remains popular among home buyers. 

The going rate for apartments in Chennai located in Porur stands at INR 5100 per square feet on average. This is a drop of 2% when compared to the previous quarter when the going rate stood at INR 5200 per square feet on average. A year ago in the third quarter of 2013 the going rate stood at INR 5200 per square feet on average. This was a drop of 20% in prices when compared to the second quarter of that year. In the last quarter of that year the going rate jumped up by 12% and the stood at INR 5800 per square feet on average. The going rate for an individual house for sale in Chennai located in this micro market currently stands at INR 5100 per square feet on average. The going rate for the same stood at INR 5200 per square feet a year ago. 

Iyyapanthangal

Iyyapanthangal is located in the western part of Chennai. It is situated close to Porur and has benefited from the demand for properties located in Porur.

The going rate for apartments in Chennai located in Iyyapanthangal stands at INR 4100 per square feet on average. This is a marginal drop of 1% when compared to the previous quarter when the going rate stood at INR 4125 per square feet on average. A year ago in the third quarter of 2013 the going rate stood at INR 4000 per square feet on average. This was a 12% decrease in prices when compared to the previous quarter. In the last quarter of that year the going rate increased marginally by 2% and the prices stood at INR 4080 per square feet on average. The going rate for an individual house for sale in Chennai located in this micro market currently stands at INR 7500 per square feet on average. The going rate for the same stood at INR 5100 per square feet a year ago. This an appreciation of about 47% over the past one year. 

KK Nagar

KK Nagar is one of the more well established micro markets in the western part of Chennai

The going rate for apartments in Chennai located in this micro market stands at INR 15400 per square feet on average. This is a huge increase of 42% when compared to the previous quarter when the going rate stood at INR 11000 per square feet on average. In the third quarter of 2013 the going rate stood at INR 10000 per square feet on average. In the last quarter of that year the going rate went up by 16% and the stood at INR 11600 per square feet on average. The going rate for an individual house for sale in chennai located in this micro market currently stands at INR 15500 per square feet on average. 

No comments:

Post a Comment