Nungambakkam Locality Review

Q: Hi I am planning to buy a property here. Please let me know is it good for investment purpose ? How is the connectivity from Nungambakkam to other parts of the city?

Priya Sharma, Chennai

26th May 2014

Locality Review in Nungambakkam, Chennai

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Nungambakkam is a prime residential area in Chennai and the fourth largest metropolitan city of India. The neighborhood is surrounded by multinational commercial establishments, important government offices, foreign consulates, sprawling educational institutions etc. Nungambakkam is well-connected from all sides.

Uday kumar, Chennai

5th May 2016

Comment

Some of the good projects are as follows:

Adroit Imperia, Chennai
Akshaya Private, Chennai
A R Amara Avana, Chennai
The Art, Chennai
Jains Ansruta, Chennai
Kay Arr Mahindra Serenity, Chennai
Kgeyes Kamdhar Nagar, Chenna
Or
You can also find the locality linkNungabakkam locality property prices

subramanya, Chennai

26th May 2014

Comment

How is the social infrasructure in Nungambakkam ? Can you let me know some good and reputed schools and colleges ?

Vivek Kulkarni,

26th May 2014

@Vivek: Colleges present are Loyola College, MOP Vaishnav College and College amongst others. Schools present are Sri krishnaswamy matriculation higher secondary school and Vidyodaya Matriculation School. Childs Trust Hospital is present in Nungambakkam.

Schools, colleges, high streets are located at close vicinity. Colleges present are Loyola College, MOP Vaishnav College and College amongst others. Schools present are Sri krishnaswamy matriculation higher secondary school and Vidyodaya Matriculation School. Childs Trust Hospital is present in Nungambakkam.

Balwinder Singh,

26th May 2014

I want to know the current ongoing price trends in Nungambakkam ? Which are the good projects in Nungambakkam which is worth investing? Can you tell me the price details as well. Can you name some of the good developers ?

Vivek Kulkarni,

26th May 2014

Comment

@Vivek: As far as price trends is concerned the minimum price is Rs. 10,850, and the maximum price is Rs. 15,270. Prices in 2013 have shown a 17% increase since the last year. The average value for residential land in Nungambakkam is about Rs. 13,000.

The biggest developers are Vijay Shanthi has three projects in the locality, namely The Art, Pebble and The Courtyard. All of these are priced at around Rs. 16,000 to Rs. 20,000 per square foot. Ceebros also has a high-end project in Nungambakkam, called River Heights. Adroit Groups has built Adroit The Essence in this locality. Average land prices are Rs. 10,000 to 18,000 per sq. ft.

This locality will definitely see significant growth and ROI, and investors are likely to enjoy between 10 - 17 perc returns. The growth rate in this area is around 17%. Stamp Duty is 7%, Registration Fees is 1%.

Balwinder Singh,

26th May 2014

Hey also the Chennai Airport is around 15 kilometres away. The water supply in Nungambakkam is governed by the Chennai Public Works Department (PWD). Electricity is managed by the Tamil Nadu Electricity Board (TNEB). The closest arterial road to this locality is the Choolaimedu High road, leading to Anna Nagar and beyond. There are also a number of hospitals in this locality.

It is well connected by autos, taxis, buses, both the airport and the railway station is located nearby. Important roads include Village road, Sterling Road, College Road, Shenoy Road, Haddows road, Khader Nawaz Khan Road and Kothari Road. The public transport includes Metropolitan Transport Corporation (MTC) buses and Suburban Train Station on the Chennai Beach - Tambaram Railway Station. Parking is difficult as the traffic congestion is high.

Pranab Malakar,

26th May 2014

Comment

@Priya Sharma: It is in the heart of the city, well connected by rail and road. Great educational center with the famous Loyola College and many good schools around. Shopping center & malls are nearby. Apollo hospital is very near. Many smaller hospitals around. Central and Egmore stations are reachable at very short distances.

The locality is a very well-developed one, with returns on investment that are among the highest in the city. It is extremely well-connected - buses from all over the city stop at this locality, and there is also a train station, part of the Chennai Suburban Line.

Jackie,

26th May 2014

Comment