Chennai Real Estate : Saidapet

Q: Is upcoming metro line boost Saidapet real estate market in Chennai?

Priya Sharma, Chennai

20th February 2015

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Replies (4)

what is the current market price and what is the price trend in these location?

Sundar, Chennai

2nd March 2015

Comment

Scarcity of land availability is the major reason for the sudden surge in apartment value. Sri Nagar colony is now buzzing with activity due to vehicular movements. Land values are being quoted at Rs 5.25 crore per ground (2400 sq ft). Rentals being cited are Rs 15,000 per month and above for 2BHK units and Rs 18,000 – Rs 20,000 per month for 3BHK units depending on the developer, building and amenities offered in the project. Sri Nagar colony is also home to some of the celebrities in the Tamil film industry. Proximity to Raj Bhavan, Anna University and IT Corridor provides recurring demand for rental housing.

VKumar, Chennai

27th February 2015

Comment

Hi Pavan, Regarding Chennai metro being also completed his 1 phase and going to start from march end. off courses Chennai metro will boost real estate market not only in residential but also in commercial market. With rail and bus connectivity providing uninterrupted services throughout the day, Saidapet has been driving the demand for housing to an unprecedented level.

Javed, Chennai

20th February 2015

Comment

Hi javed what about the project in Saidpet is builder is looking forward for these location and what is the current appreciation going on?

Sameer Pawadia, Chennai

20th February 2015

Hi all,
Lack of land for residential development has pushed both rental and capital values of apartments in the neighbourhood. Capital values are being quoted at Rs 8,000 per sq ft in West and East Saidapet whereas in Sri Nagar colony, an idyllic neighbourhood near bus depot, the quoted value starts from Rs 16,000 per sq ft onwards. Even resale units are being quoted at Rs 55 lakh for 2BHK units in West Saidapet and Rs 85 lakh for 2BHK units in Sri Nagar colony, said Jayakanth, a realtor with I Homes.

Javed,

23rd February 2015

Hi all, I am the local residential of chennai and i want to give my view point in these localities. as Saidpet is one of the good location for investment but problem is lack of land and high price of properties. if you talk about price trends in yrs 2013 price is apprx 7000 to 7150 per sq ft but its suddenly increase in yrs 2014 with the price appreciation of 8300 per sq ft. what show realty trends in Saidpet.

Anuj Gupta, Mumbai

3rd March 2015

Hi all, I just want to share my idea about Saidapet which has started pushing realty prices for residential and commercial property. The citys neighbourhood has become the nerve centre of connectivity in and out of the city as the arterial road diversion via Sri Nagar colony has already made commuting a nightmarish experience for people every day. which will create people shifting to these localities.

Javed, Chennai

20th February 2015

Comment

Hi javed, these information is very useful for making decision for end user to shift in these localities but i want more information regarding Chennai metro coming in these location. what is the value of land in these location , I really looking in forward to invest in Saidpet.

Pavan kumar, Chennai

20th February 2015