Property prices in T. Nagar

Q: Hi all..what is the current residential property prices in T. Nagar..??? And what about rental prices in T.Nagar..?

Rajiv,

20th March 2013

Investment Advice in Chennai

property prices in t. nagar

rental prices in t.nagar

plots in t. nagar

apartments in t.nagar

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Replies (6)

In my Opinion.. We are reaching a Point of Saturation on Price. This will get corrected in next 1 - 2 years. Right now what's happening in Chennai is really a Hype due to the Brokers trying to pursuade a higher price than what it is worth off & property Sellers are also bit Greedy (Not all).

What's happened in BLR is not far for Chennai. Chennai very soon the Premium locations would loose its Appreciation effect & stagnate as the affordability may not be there going forward. As most of the Large Scale Factories, Manufacturing & BPOs are moving outward. This Price Trend in Reality will reverse soon.

Balaji

Balaji, Apartment Resident

29th March 2013

Comment

Hi..Himani..Along with rising demand and shortage of supply, the residential prices are soaring..this effecting rental prices also..Rent of a two and three bedroom apartment is nearly between Rs 23,000 and 35,000 per month respectively.

Kaushik Bardia,

25th March 2013

Comment

Hi All..i am looking for a 2 bhk apartment for rent..??has the rental prices increased..?? What is the current rental prices in T. Nagar..??

Himani,

25th March 2013

Comment

Yes Kaushik...you are right...The property prices in the last quarter of 2011 was approximately Rs 8800 per sq ft and it was around Rs 10,000 per sqft in the last quarter of 2012.

Lokesh Patwa,

24th March 2013

Comment

Hi Rajiv,Currently, the price for residential plots in T. Nagar start from Rs 20,000 per sq ft while those of apartments vary from Rs 15,000 to Rs 18,000 per sq ft.

Kunal,

24th March 2013

Comment