Average Cost Of 2 BHK Flats In Chennai

2024-01-24

Real Estate Investment

Chennai is a metropolitan city. There is continuous development in the infrastructure, education, and transport sector. It makes people’s lives easier. People from different states and cultures can live comfortably in Chennai as the environment is very welcoming.

Chennai sees huge real estate demand from both end-users and investors in recent times. Chennai's real estate market is a price-sensitive market and end-user always look for affordable homes. Builders in Chennai have rightly understood the increase in demand for flats/apartments in Chennai. They have been developing affordable housing in Chennai to fulfill the housing needs of everyone.

There are projects in Chennai which are offering 2 BHK flats within the budget starting from 35 lakhs. If you are planning to buy a 2 BHK flat in Chennai, we have sorted the price trends of 2 BHK flats in different localities of Chennai.

1. Poonamallee

Poonamallee is the best place to live in a peaceful and better place in Chennai. The area has very good roads, good cleanliness, good connectivity, and public transport is excellent. Hospitals, malls, hotels all facilities are available in this area.

Price Trends:

The average property prices in Poonamallee ranges between ₹ 3000/sq. ft. to ₹ 4000/sq. ft. The average cost of 2 BHK flats in this area varies from 35 Lacs to 45 Lacs. Some of the projects which offer 2 BHK flats in this area are:

• Tata Santorini: It is ready to move in project in Poonamallee, Chennai. The starting price of 2 BHK flats in this project is 44 Lacs with a built-up area of 855 sq. ft.
• KG Centre Point: It is also ready to move in project. The built-up area of 2 BHK flats in this project varies from 855 to 880 Sq. Ft. The price of 2 BHK flats ranges between 36.84 Lacs to 38 Lacs.

Actual Video of KG Centre Point:

https://youtu.be/zcWmkf6L5C4

2. OMR – Kelambakkam

OMR - Kelambakkam is a very good area. It is a pleasant, quiet and beautiful place and everything nearby makes this place the best. Great suit for families, couples, elderly and working professionals too.

Price Trends:

The average property prices in OMR - Kelambakkam ranges between ₹ 3600/sq. ft. to ₹ 4000/sq. ft. The average cost of 2 BHK flats in this area varies from 40 Lacs to 50 Lacs. Some of the projects which offer 2 BHK flats in this area are:

• Akshaya Orlando: It is a very beautiful project located in Kelambakkam, Chennai. The price of 2 BHK flats in this project starts from 37.76 Lacs. The area of the 2 BHK flats ranges between 994 to 1062 Sq. Feet.
• Akshaya Today: It is located in Thaiyur, OMR (Old Mahabalipuram Road) near Kelambakkam, Chennai. The project offers 2 BHK flats of the super built-up area ranges between 985 sqft- 1061 Sq. Ft. along with all luxury amenities and features. The price of 2 BHK flats ranges between 42 Lacs to 46 Lacs.
• Alliance Urbanrise Jasmine Springs: It offers 2 BHK flats of the built-up area between 626 to 747 Sq. Feet. The starting price of 2 BHK flats in this project is 26.45 Lacs.

Actual Video of Alliance Urbanrise Jasmine Springs:

3. Porur:

Porur, located in the south-east of Chennai, has been developing rapidly over the years. We find this area safe, secure, and comfortable for school, office, and hospital. This area is being monitored regularly for mosquitoes and other pandemics, so it seems that this area is very safe for health.

Price Trends:

The average property prices in Porur ranges between ₹ 4000/sq. ft. to ₹ 6500/sq. ft. The average cost of 2 BHK flats in Porur Chennai varies from 55 Lacs to 70 Lacs. Some of the projects which offer 2 BHK flats in this area are:

• Fomra Hues: It is located at Porur Bypass, Chennai. It offers 2 BHK flats of the built-up area ranges between 950 sqft- 1247 Sq. Ft. The cost of 2 BHK flats in this project varies between 51 Lacs to 67 Lacs.
• SPR Osian Chlorophyll: It is ready to move project in Porur Chennai. The super built-up area of 2 BHK flats in this area ranges between 1089 to 1304 Sq. Ft. The starting price of 2 BHK flats is 64 Lacs.

Actual Video of SPR Osian Chlorophyll:

https://youtu.be/Ef_fnSjqzqE

4. Madhavaram:

Madhavaram is a very good area and is well connected to other parts of the city. It is well connected by train, bus and public transport. The transport facility in this area is also good. Schools, banks, ATMs, and hospitals are available in the vicinity.

Price Trends:

The average property prices in Madhavaram ranges between ₹ 4500/sq. ft. to ₹ 5000/sq. ft. The average cost of 2 BHK flats in this area varies from 60 Lacs to 80 Lacs. Some of the projects which offer 2 BHK flats in this area are:

• Radiance Suprema: It is an under-construction project located in Madhavaram, Chennai. Possession of this project will start in Oct. 2022. The built-up area of 2 BHK flats varies from 992 to 1084 Sq. Ft. The price of 2 BHK flats in this project ranges between 52 Lacs to 59 Lacs.
• Casagrand Northern Star: This under-construction project is sprawled over 4.05 acres of land in Madhavaram, Chennai. It offers 2 BHK flats of the built-up area ranges between 1253 to 1257 Sq. Ft. along with all luxury amenities and features. The price of 2 BHK flats starts from 68.52 Lacs.

Actual Video of Casagrand Northern Star:

5. Pallavaram:

Pallavaram is a very buzzing place with all the famous brands nearby. Many shops such as Saravana Store and famous eateries. It is very close to Chennai International Airport which makes the location one of the most preferred locality by many. The transport facility is well developed and there is no connectivity problem.

Price Trends:

The average property prices in Pallavaram ranges between ₹ 5000/sq. ft. to ₹ 7000/sq. ft. The average cost of 2 BHK flats in this area varies from 65 Lacs to 90 Lacs. Some of the projects which offer 2 BHK flats in this area are:

• Radiance The Pride: It is an under-construction project which is spread over 5.57 acres of land. It offers 2 BHK flats at a very affordable price. The built-up varies from 588 to 1085 Sq. Ft. and the price of 2 BHK flats ranges between 40.47 Lacs to 71.39 Lacs.
• DRA 90 Degrees: It is located at Pallavaram Thoraipakkam Radial Road, Chennai. The built-up area of 2 BHK flats ranges between 965 to 1100 Sq. Ft. The cost of 2 BHK flats in this project varies from 60.31 Lacs to 68.75 Lacs.
• TVS Emerald Lighthouse: The built-up area of 2 BHK flats in this project ranges from 1076 to 1273 Sq. Ft. The price of 2 BHK flats ranges between 66.17 Lacs to 78.28 Lacs.

Actual Video of TVS Emerald Lighthouse:

https://youtu.be/hhBbGQiEiCE

6. Mogappair:

Mogappair is a very prominent residential area and is well connected to other parts of the city. It is well connected by train, bus and public transport. The transport facility in this area is also good. Schools, banks, ATMs, and hospitals are available in the vicinity. Mogappair is a famous place in Chennai. It is an excellent location with basic facilities like all schools, colleges, hospitals.

Price Trends:

The average property prices in Mogappair ranges between ₹ 6500/sq. ft. to ₹ 7000/sq. ft. The average cost of 2 BHK flats in this area varies from 85 Lacs to 95 Lacs. Some of the projects which offer 2 BHK flats in this area are:

• Casagrand Tudor: It is an under-construction project which offers 2 BHK flats. The area of 2 BHK flats varies in this project between 995 to 1363 Sq. Ft. The price of 2 BHK flats ranges from 69 Lacs to 99 Lacs.
• Brigade Xanadu: This gated community is ready to move project in Moggapair Chennai. It is spread over 33 acres of land. The super built-up area of 2 BHK flats in this project ranges between 1190 to 1270 Sq. Ft. and the price varies from 87 Lacs to 1.02 Cr. onwards.

Actual Video of Brigade Xanadu:

https://youtu.be/SMT49VmV49w

7. Adambakkam-Velachery:

Adambakkam is an ideal place to settle. It is close to the city and airport, schools, colleges, and malls. Train, metro connectivity and bus routes are available to the nook of the city. In the nearby Alandur market, where you will get vegetables and groceries at wholesale prices. Great schools like SDAV, New Prince are available. It is very close to Velachery Phoenix Mall.

Price Trends:

The average property prices in Adambakkam-Velachery range between ₹7000/sq. ft. to ₹ 9000/sq. ft. The average cost of 2 BHK flats in this area varies from 80 Lacs to 1 Cr. Some of the projects which offer 2 BHK flats in this area are:

• DRA Ascot: It is located in Adambakkam, Chennai. It is spread over a total area of 1.11 acres of land. The built-up area of 2 BHK flats in this project varies from 1018 to 1033 Sq. Ft. The cost of 2 BHK flats ranges between 78.33 Lacs to 79.48 lacs onwards.

Actual Video of DRA Ascot:

https://youtu.be/ZNvON0qZRqM

So, these are the price trends of 2 BHK flats in the best locality of Chennai.

If you are willing to buy property in Chennai, please call our property expert.

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