1 BHK status in Chennai
Chennai’s real estate market comprises 80% of residential buildings of the available property in market for sale. Based on the listings data available on Commonfloor.com there are more then 8,400 properties for sale in Chennai real estate market, 1 BHK flat comprises 9.5% of this.
2 BHK and 3 BHK flats are the most available type of units in this market. The 2 BHK flats are about 61.2 % and 3 BHK flats are around 23.3%.
1 BHK in Chennai:
Most of them are concentrated in and around Ambattur, Medavakkam, Palikaranai, Tambaram and Porur. These range from a price of 9 lakhs as minimum to even 2 crores at high-end side. The demand for this kind of apartment especially in such locality is on the high side. This makes more and more of flats come into the real estate market. Sriperumbudur which has about total of 6 % of the real estate properties has only 1% of 1 BHK apartment.
The table shows the availability of the most 1 BHK flats in a locality.
Micro market | Proportion of flats available | Price range |
Ambattur | 6% | 20L – 25 L |
Medavakkam | 5.8% | 20L – 25 L |
Pallikaranai | 5.1% | 25L – 30 L |
Porur | 4.4% | 25L – 30 L |
Tambaram | 4.3% | 20L – 25 L |
Price Trends:
The 1 BHK flats mostly range around 20 lakhs to 30 lakhs of price on normal scale in Chennai. Most of this price ranged units are concentrated in Pallikaranai and Ambattur. On average 1 BHK flat in Chennai from rupees 17,000 rupees to 3,850 rupees depending on the area from the outskirts of the city to the centre. The flats sizes range from 300 sq. ft to 650 sq.ft on average. Most of these flats are floored using Vitrified tiles.
47.4 % of units of 1 BHK are priced at range of 20 lakhs to 30 lakhs followed by 20.7 % on the range of 10 lakhs to 20 lakhs.