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Nanganallur property market: An overview

Nanganallur property market: An overview

Nanganallur is a premier residential area located in the southern suburbs of Chennai. Nearby Nanganallur localities include many famous areas of the city, such as the Anna International Airport, St Thomas Mount, Adambakkam, Trisulam, Madipakkam, etc. A variety of projects are available in the area and range from affordable to luxurious. There are a lot of reputed builders like the Navin Housing, Sreenivas Housing and Siddhartha, who are working on their different projects in Nanganallur. Some of the premier projects in Nanganallur include Navin Housing Dheeraikya, Navin Housing Sumathi, etc.

 

The area lies very close to IT hubs of Chennai. As a result, there has been a surge in the demand for residential apartments in Nanganallur. Although prices of the flats in Nanganallur are going up at a rapid pace, still, affordable housing to suit the needs of the mid and the junior-level executives of the various companies, can be found here.

 

Nanganallur has been recently brought under the purview of the City Corporation of Chennai and the plans for a number of infrastructure projects have been drawn up. The civic amenities have also improved here. The industrial and IT sectors’ growth, have led to the development of the retail and hospitality sector, as well.

 

Connectivity with nearby Nanganallur localities

See also: Property rates & trends in Nanganallur, Chennai

 

Employment hubs near Nanganallur

 

Schools in Nanganallur and other social amenities

Nanganallur offers very good social infrastructure to its residents. Some of the reputed schools in Nanganallur include the Modern Senior Secondary School, New Prince Matriculation Higher Secondary School, Rosary Matriculation Higher Secondary School, etc. Some of the leading hospitals in Nanganallur include the Vijay Hospital, Miot Hospital, BM Hospital, etc. The shopping needs of the residents are catered by malls in Nanganallur such as the Phoenix Market City, Forum Vijaya Mall, Matrix Mall, etc.

 

Price trends in Nanganallur

  • Price appreciation—Around 63% in the last one year.
  • Current property rates—Rs 5,008-Rs 9,000 per sq ft.

 

Reasons to invest in Nanganallur

Nanganallur lies very close to the IT parks and industrial zones of Chennai. Also, Chennai City Corporation has recently taken over the administration of the area, so the scope of development of infrastructure facilities is good in the region. Further, considering the price trends in Nanganallur and the rising demand, the locality will definitely prove to be a good investment region in future. There will be excellent appreciation of property rates in the area and the area will only grow further.

Check properties in Nanganallur

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