Buying house in Chennai

Q: Which would be preferred localities of Chennai ?? Kindly discuss and let me know about it ?

Priya Sharma, Chennai

8th May 2014

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Replies (2)

Hey before developers focused on creating both 2 and 3BHK units. But now, they are adapting to the changing trends and nearly five out of every 10 homes on the OMR are 2BHK units which can be bought within Rs 50 lakh.

Gurmeet,

8th May 2014

Comment

Hello Priya, In Chennai the Old Mahabalipuram Road (OMR), Velachery and Medavakkam continuing to be the preferred locations for buying and selling properties, in the last one year.

Vivek Kulkarni,

8th May 2014

Comment

Hey how is Medavakkam and Velachery ?? What is the property price there ?

Balwinder Singh,

8th May 2014

@Balwinder: The property values in Medavakkam range from Rs 4,100-4,900 per sq ft and in Velachery from Rs 5,900-7,200 per sq ft. Also the apartment which is available within Rs 50 lakh in Medavakkam is available within Rs 60-70 lakh in Velachery. OMR offers properties at comparatively lower value of Rs 3,700-4,800 per sq ft.

Vivek Kulkarni,

8th May 2014