West Mambalam property market: An overview
One of the oldest cities in Chennai is West Mambalam. This area is known for its bazaars, Hindu Temples, and street shops. Mambalam is believed to have derived its name from the existence of Maha vilvam trees in the locality, which in due course become Mavilam and then Mambalam.
West Mambalam was first a village in the neighborhood of Chennai and then later included in the city. This happened when the landowner handed the running into the hands of the British. Today West Mambalam is the most developed and popular real estate in Chennai. If you’re planning to go for some real estate investments then this is the right place you should go for and I’ll tell you why.
Why choose West Mambalam as a real estate investment?
- Price trends
The popular West Mambalam is an attraction for good investors because of the rising demand for properties in this locality. The number of development projects is quite increasing with affordable property rates. On top of that, there is a mixture of people residing in this part of Chennai. You’ll find 1BHK and 2BHK apartments ranging from 35lacs to 1Cr according to your preference and budget. And the current property rates range from Rs. 6000 to 13000 per square feet.
- Employment
If you have been selected by a well-known company in Tamil Nadu then choosing West Mambalam will be your best option as the Tamil Nadu Industrial Corporation is located just 5 kilometers from this locality. The Madras Stock and Kadar Nawaz Khan Road are just in the proximity of 6 kilometers from Mambalam. Plus, the very famous Quanta Engineers and ELT Infrastructure are just 8 Kilometres away from the area.
- Connectivity
West Mambalam is located just 7 Kilometres away from the Koyambedu Bus stand, which is one of the important bus transport landmarks in Chennai. So is the International and metro station located not very far away. The most beneficial factor is that West Mambalam has its very own railway station which is one of the oldest and largest railway stations in Chennai. And lastly, you’ll find the Chennai International Airport at a distance of 10 Kilometres.
Final thoughts
There’s no point arguing that West Mambalam is one of the best places to live in Chennai. Considering it also has the best schools and social infrastructure that the real estate has to offer.
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.
