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West Mambalam property market: An overview

West Mambalam property market: An overview

West Mambalam is one of the oldest neighbourhoods located in the city of Chennai. The area was a village which was later included in the city of Chennai, when the zamindar of the area handed over the administration of the locality to the British. The Mambalam railway station is one of the oldest railway stations and was built in 1911 after which the area became urbanised. A part of the locality was developed into commercial centre presently known as T Nagar. As far as the infrastructure is concerned, the locality is dotted with many important roads. One of the first flyovers of Chennai was built in the area way back in the 70’s which eases the traffic congestion of the area.

 

As far as West Mambalam real estate is concerned, the locality has premier residential complexes. Nearby West Mambalam localities include KK Nagar, Ashok Nagar, T Nagar, Vadapalani, etc. Many real estate projects are being developed by prominent builders in West Mambalam like Sidharth Housing and Navin Housing. A few of the noted projects in West Mambalam include Sidharth Housing Tulsi, TVH Eden and Navin Housing Krishna Gokulam.

 

Connectivity with nearby West Mambalam localities

 See also: Property rates & trends in West Mambalam, Chennai

 

Employment hubs near West Mambalam

 

Schools in West Mambalam and other social amenities

West Mambalam offers very good social infrastructure to its residents. Some of the reputed schools in West Mambalam include the Kendriya Vidyalaya Senior Secondary School, LMD Senior Secondary School and Vadapalani Matriculation Higher Secondary School. Some of the leading hospitals in West Mambalam include the Surya Hospital, Amma Hospital and Vijaya Hospital. The shopping needs of the residents are catered to by malls in West Mambalam such as the Maya Plaza, Forum Vijaya Mall and Matrix Mall.

 

Price trends in West Mambalam

  • Price appreciation- Around 26% in the last one year.
  • Current property rates- Rs 6,027 – Rs 12,914 per sq ft.

 

Reasons to invest in West Mambalam

Considering the price trends in West Mambalam and the rising demand, the locality would prove to be a good investment. There is excellent appreciation of property rates, with a number of projects being developed here. The area has a mixed population. Moreover, the varieties of the residential projects are many. The area offers excellent connectivity and social infrastructure and these are reasons for its rapid growth. There is no denying that West Mambalam is certainly one of the best places to live in Chennai.

Check properties in West Mambalam

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