How much does a house in Chennai cost?

Property Rates & Price Trends in Chennai

How much does a house in Chennai cost?

Property Rates & Price Trends in Chennai

Locality Name Buy Rates Rental Rates
Price Range (Rs. per sq. ft.) 2 Bedroom
Kattupakkam Rs. 4,200 – 5,000/sq. ft. Rs. 11,033 – 14,042
Kolapakkam Rs. 4,850 – 5,650/sq. ft.
Kovur Rs. 5,800 – 6,350/sq. ft.

Which area is best for house in Chennai?

Best Residential Areas in Chennai to Invest in 2021

  • Porur. Porur is located along the Mount Poonamallee (MP) Road in the West.
  • Ambattur. Ambattur is one of the most popular residential areas in Chennai.
  • Pallavaram.
  • Oragadam.
  • Guduvancheri.
  • Old Mahabalipuram Road (OMR)
  • Pallikaranai.

Can I buy a house with 5 lakhs?

As you are investing as a partner in a firm, you cannot take a housing loan. Currently, the minimum investment required is Rs5 lakh. The maximum is the full property price.

What is construction cost per sq ft in Chennai?

The cost of construction in Chennai will vary from Rs 1450 / sq. ft to Rs 4500 / sq. ft and upwards for for ultra luxury houses. This translates to Rs 14.5 lakh for a normal house to Rs 45.00 lakh for a uber luxury house.

What is the price of 1 square feet?

The current median price per square foot in the U.S. is around $184, according to data. Depending on where you’re looking to buy a home, the prices per square foot of the homes you look at might be significantly higher or lower than this number.

What do I need to know about buying a house in Chennai?

Here are some of the essential things that you should consider before buying a property or plot in Chennai.

  • Floor Space Index of the plot.
  • Proper ownership.
  • Charges of the area.
  • Location of the plot or property.
  • Non-Agricultural land.
  • Receiving the sales deed.
  • The authenticity of the locality.

Is buying plots of land a good investment?

Higher returns Land or plots have always shown higher returns in India. If you have land in an area with good infrastructure, the price of the land will be more appreciated. It is an excellent money-saving investment which will guarantee higher returns in the future.

What I can do with 5 lakhs?

20 ventures you can start with Rs 5 lakh!

Business Skills needed Break-even period
Telecom Business Consultantcy Networking 4 months
Wedding planning Creativity Depends on projects you get
Concierge services Networking, communication skills 6 months
House keeping (hotels) Man management, communication skills N.A.