Investment advice in Poonamalle

Q: How about investing in Poonamalle? What are the future prospects?

Amreesh Murugan,

8th March 2013

Investment Advice in Chennai

apartments in chennai

chennai real estate

investment in poonamalle

Follow Discussion

Also see discussions for

Chennai Investment Advice Investment Advice in Chennai

Replies (6)

According to first quarter, what is the current price trends going on in this locality. Also want to know about the price details of apartments here. How is the idea of investing in this locality?

Shyam Sundar, Chennai

26th May 2016

Comment

The average values for an apartment in the first quarter of 2016 ranged within Rs 3,100-4800 per sq ft while for a builder floor apartment it was Rs 3,200-4500 per sq ft.

The capital value of a 1BHK apartment can cost you Rs 17-24 lakh, while a 2BHK apartment ranges between Rs 20-37 lakh. The average rental value for the last six months is Rs 11 per sq ft, which means the rental can vary between Rs 8,000-13,000 per month.

Lewin G,

26th May 2016

With the planned infrastructural projects, Poonammalle can be termed as a suitable area for investment as well as renting an affordable accommodation.

Ananth KV, Chennai

26th May 2016

Hello Sir...consumers generally prefer residential plots in this area. The maximum price of properties in Poonamalle will be around Rs 3800 per sq ft.

Lewin G,

23rd March 2013

Comment

Hell Mr Srinivas.... the most preferred price range of property in demand by consumers is upto Rs 20 lakh. People also prefer Rs 20 to 40 lakh price range also.

Bulbul Verma,

23rd March 2013

Comment

So bulbul..what is the most preferred price range of property in demand by consumers.?? Please let me know the price trend in Poonamalle .

Srinivas , Chennai

23rd March 2013

Comment

Hi..i area seems good..many investors are also investing in Poonamalle. The apertment prices have just doubled in past two years and is expected to rise in near future also.Several developers are coming up their projects in this area..like Golden Homes, Godrej properties, Kalash Housing..etc.Moreover colleges, schools, malls are developing there. The OOR will improve the connectivity of this area. And the prices will rise by Rs 500-600 per sq ft after the completion of road.

Bulbul Verma,

15th March 2013

Comment

Hi..Poonamalle offers property in reasonable range. The locality is also in close proximity to IT hubs like L&T, DLF which creates more demand in this area..the average price in which apartments are available is Rs 35 lakh to Rs 45 lakh.

Lewin G,

15th March 2013

Comment