The Rates of Three-Room Independent in Chennai Across Different Localities

There are myriad choices for the buyers of 3 BHK villas or independent houses in Chennai. In different parts of the city, the availability of such real estate spaces varies, and also their price values. We are going to throw light on the prices of such as 3 BHK independent houses across different localities.

Though there is no dearth of 3 BHK apartments in Chennai, independent houses are hard to find. In the central region, Aminjikarai is the main locality where such a property can be purchased. The price range for the same varies between 60 lacs and 1.3 crores. The average per square feet rate (psf) at Aminjikarai ranges between Rs. 3700/- and Rs. 8700/-. Coming to North, a three room independent house is available in localities like Manigadu, Kolathur, Ambattur, and PH Road. While Manigadu and Kolathur offer affordable houses (40 lacs-60 lacs), at Ambattur and PH Road, the rate is pretty much higher: it generally varies between 90 lacs and 1.5 crore.

 

Real estate in Chennai in the western part too has only a few localities where one can find three-room independent house. At Ayapakkam, it is available at around 60 lacs, while at Porur, the rates are flexible: between 70 lacs and 2 crores. South Chennai, on the other hand, has a plethora of areas for the seekers of such houses. In the affordable bracket come localities like Singaperumal, Oragadam, Tambaram-Mudichur Road, Maraimalai, Manimangalam, and Iyapanthangal. Here, one can expect the rates that lie in 20-40 lacs bracket.

In the higher bracket, i.e. 50-85 lacs, come Tambaram, Adambakkam, Kovur, Perumbakkam, and Selaiyur. In most of the the southern region, come the localities where a 3 BHK independent house touches the crore figure. Neelangarai, Kelambakkam, Medvakkam, Thoraipakkam, Santoshpuram, Villivakkam, K.K.Nagar, Mahindra City, and Sholinganallur are a few names in this regard.

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Property in Hyderabad Witnessing Small Appreciation in Rates

The division of Andhra and creation of Telangana out of it was a major step by the government authorities, and had direct effect on city's real estate. If the market trends are to be believed, the realty market has seen a boom since the speculations of the division started making rounds. A report by CRISIL suggests that the rates of residential houses shall augment by about 7 % in the coming year. The investors are in wait for huge returns from properties that they put their money on. On the similar lines, developers in light of appreciation, are laying money on suggestive price hikes.

In light of being the common capital for ten years, property in Hyderabad is expected to scale the positive side of the price graph. The impact can be seen in the surrounding cities like Vijaywada and Visakapatnam too where the prices are undergoing appreciation,howsoever small. The rates in several localities of Visakapatnam have seen an upsurge in prices, with an average value of Rs. 2689/ sq. ft noticed in the current quarter. Similarly, a 10% rise is noticed in the rates of residential plots in Madhurwada during April-June. In Vijayawada only, a sudden rise in demand for land has resulted in the land prices gone up by 20-30%. Similar is the scenario of the rest of the real estate Hyderabad. In Hitech city, the rates for a multistory apartment have appreciated by 3% during Apr-June, 2013, with an average value of Rs. 4161/ sq. ft.

 

The market for a house for sale in Hyderabad has been recovering slowly, after seeing a stagnation phase from past 3-4 years. The clouds seem to be clearing now. With the Telangana issue having been resolved and the global meltdown having become a thing of past, the investors are now ready to find their streak of luck in the current wave of boom. The cumulative impact of all this is the raised interest of the IT giants in initiating all-new branches in the state. This, in turn, shall be able to attract more employment-seeking population from different Indian states.

Buy and sell India properties over Makaan.com, a leading real estate portal in India. The buyers are at the disposal of a wide array of property in Hyderabad like individual rooms, independent houses, plots, office and commercial spaces, as listed by developers and land owners. One can look for house for sale in Hyderabad in different price brackets.