The Current Price Trends in North and South Chennai Property

The prices of Chennai real estate in South region is facing a mismatch between demand and supply, the reason being high appreciation of prices here. As a result, a huge pile-up of inventories is giving the developers sleepless nights. But the situation is not that bad in the North part; the demand and supply are still in sync in this region.

Though North has also witnessed the appreciation of prices in the current quarter, there is an active demand for flats for sale in Chennai. This has made a cover for the present set of inventories. A boost in real estate has also been witnessed in peripheral regions of the city. The prices in localities like Anna Nagar, Mogappair, Kolathur, Ayanambakkam, and Korttur have escalated too much. A 2 BHK flat in Anna Nagar or Mogappair can cost a buyer up to crores, though the less pricey options are also available. In localities like Thirumullaivoyal, Thiruvika Nagar, Ambattur, Villivakkam, Thiruvakkadu, Madhavaram, Avadi, and Ayyapakkam, a two-room apartment can be bought in the range 20-60 lacs.

At OMR(Old Mahabalipuram Road), a South Chennai property, has a lot to offer to buyers from all the segments. The buyers seeking a 2 BHK flat here can opt for anything lying between the broad price range of 15 lac-1 crore. Areas like Pallikaranai, Poonamallee, Porur, Kelampakkam, Kodambakkam, and Medvakkam have apartments with purchase value up to 60-70 lacs. The budget localities include Selaiyur, Ayapakkam, GST, Navalur, Maraimalai Nagar, Semmenchery, Perumbakkam, Guduvancheri, Sriperumbudur, Sembakkam, and Kovilambakkam. A 2 BHK flat at Maraimalai Nagar and GST can be purchased at around 13 lacs. For the seekers of 20-30 lacs range, two room flats are available in localities like Navalur,Semmenchery, Guduvancheri, Perumbakkam, Kattupakkam, Ayapakkam, Kovilambakkam, and Sriperumududur.

Makaan.com, the real estate website, lets you search flats for sale in Chennai and other Indian cities. The users can make use of the list-based and map-based search options to locate a property of their choice.