Demand for luxury projects increases in Thiruvanmiyur
Chennai- Thiruvanmiyur is a popular and well developed residential area of South Chennai. This area has a great demand for luxury residential apartments as it offers great connectivity to the IT corridor OMR and city center. Thus, it is one of the most preferred residential areas in south Chennai.
This area provides wide range of properties and healthy absorption rate. Well developed infrastructure of the locality has also contributed to the boost in residential demand. From past few months the average change in property prices is noticeable.
It is seen that generally high paid professionals and businessman prefer to stay in Thiruvanmiyur. It is because of the availability of fully furnished units with all novel lifestyle facilities and amenities. Such a gated community is also close to good educational institutions, reputed hospitals, entertainment zones, shopping complexes. To say in one line, this area primarily attracts upper class people through its location advantage and good social infrastructure facilities.
Thiruvanmiyur offers both large and small scale projects in Hyderabad which offers all BHK configurations. Here, 2 and 3 BHK apartments are more in demand. The average sale price of multi-storey apartment varies between Rs 8,450 to Rs 11,700 per sq ft.
It was found that 2 BHK units of size varying between 900 to 1200 sq ft have highest demand. The average rent of a semi furnished 2 BHK unit ranges between Rs 15,000 to Rs 18,000 per month.
The demand for 3 BHK units with modern amenities and facilities have also increased in Thiruvanmiyur. The average rent for 3BHK in high-end projects is around Rs 30,000 to Rs 50,000 per month for unit size 1500 to 1800 sq ft.
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