Thiruvanmiyur Property Trends: Riding the Wave of Rising Values!
Thiruvanmiyur is a prime residential area in Chennai, India. It is located in the south of the city and is well-connected to other parts of Chennai. Thiruvanmiyur is a popular residential area due to its proximity to IT parks, educational institutions, and other important amenities.
Property prices in Thiruvanmiyur have been rising steadily in recent years. According to a recent report by Anarock, the average property price in Thiruvanmiyur is ₹13,449 per square foot. This is significantly higher than the average property price in Chennai, which is ₹8,790 per square foot.
The rise in property prices in Thiruvanmiyur is attributed to a number of factors, including:
- Proximity to IT parks: Thiruvanmiyur is located in close proximity to major IT parks such as TIDEL Park and RMZ Millenia Park. This makes it a popular residential area for IT professionals.
- Good infrastructure: Thiruvanmiyur has good infrastructure, including well-maintained roads, water supply, and electricity supply.
- Good schools and hospitals: Thiruvanmiyur is home to a number of good schools and hospitals. This makes it a popular residential area for families with children.
- High rental yields: Thiruvanmiyur has high rental yields, making it a good investment for those looking for a passive income stream.
The rental yields in Thiruvanmiyur vary depending on the type of property and the locality. However, the average rental yield in Thiruvanmiyur is around 3%. This is significantly higher than the average rental yield in Chennai, which is around 2.5%.
The high rental yields in Thiruvanmiyur are attributed to a number of factors, including:
- High demand for rental properties: Thiruvanmiyur is a popular residential area, and there is a high demand for rental properties in the area.
- Good infrastructure: Thiruvanmiyur has good infrastructure, which makes it an attractive place to live.
- Good schools and hospitals: Thiruvanmiyur is home to a number of good schools and hospitals, which makes it a popular residential area for families with children.
Overall, Thiruvanmiyur is a good place to invest in property. Property prices and rental yields in Thiruvanmiyur are rising steadily, and the area is well-connected to other parts of Chennai. Thiruvanmiyur is also a popular residential area due to its proximity to IT parks, educational institutions, and other important amenities.
Disclaimer: The views expressed above are for informational purposes only based on industry reports and related news stories. PropertyPistol does not guarantee the accuracy, completeness, or reliability of the information and shall not be held responsible for any action taken based on the published information.
