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Commercial Properties Under 40 Lakh for sale in Shastri Colony Chromepet, Chromepet, Chennai
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About Properties In Shastri Colony, Chromepet, Chennai for Sale
Overview of Chromepet
- Chromepet is a popular locality in City.
- The locality offers a perfect blend of urban conveniences and suburban charm.
- Chromepet is famous for its excellent connectivity, lively markets, modern amenities, and rich cultural heritage, attracting homebuyers.
- Chromepet is just 4 km away from the Airport, attracting investors, business people, and frequent travellers. This drives the real estate market of Chromepet in .
- Residents benefit from the presence of good greenery and a serene environment here.
- The PIN Code of Chromepet is 600044.
Chromepet Residential Market Insights
- The average price of a flat in Chromepet is ₹6,500 per sq. ft.
- Chromepet Residential Market comprises a range of apartments available at mid-segment to premium budget.
- The average price of a 1 BHK flat in Chromepet can range from ₹40 lakh to ₹75 lakh.
- The average price of a 2 BHK flat in Chromepet can range from ₹45 lakh to ₹1 crore.
- The average price of a 3 BHK flat in Chromepet can range from ₹78 lakh to ₹2 crore.
- The average price of a plot in Chromepet can start from ₹30 lakh and can go up to ₹3.50 crore, depending on the type (residential/ commercial/ retail) of the plot and the total sq. ft.
- The final cost of apartments in Chromepet will be influenced by certain factors such as total carpet area, available amenities, and the developer.
- Chromepet offers easy proximity to major employment hubs and the airport, attracting many tenants. This makes Chromepet a popular rental location in .
- The average monthly rental price for a flat in Chromepet can be anywhere between ₹8,000 - ₹30,000.
Connectivity and Transportation In Chromepet
- The nearest metro station to Chromepet is the International Airport Station on the Blue Line of Metro. It is located within 5 km and benefits the daily commuters significantly.
- The nearest railway to Chromepet is its own dedicated Chromepet Railway Station on the Beach-Tambaram Section. It offers a vast connectivity to the locale.
- Adjacent to the major GST Road (Great Southern Trunk Road), Chromepet enjoys superior road connectivity.
- Other important roadways boosting road connectivity in Chromepet are the 200 Feet Radial Road, the Rajiv Gandhi IT Expressway, and the Trichy-Highway.
- Chromepet is located within good access to major localities like Tambaram, Kovilambakkam, and Medavakkam.
- The International Airport is just 4 km from Chromepet, providing exceptional appeal to the locality and driving significant real estate market growth.
Social Infrastructure In Chromepet
- Reputed hospitals near Chromepet are Kavitha Ortho & Multispeciality Hospital, RK Speciality Hospital, Rela Multispeciality Hospital, Thanushika Hospital, etc.
- The prestigious Madras Institute of Technology (MIT) is located in Chromepet.
- Other major schools and colleges near Chromepet are GGN International School, Madras Christine College, and St.Mark's Matriculation Higher Secondary School.
- Chromepet is known as one of the popular shopping districts comprising a variety of clothing stores, jewellery shops, and other accessory stores.
- Malls near Chromepet are Phoenix Market City, Grand Galada Mall, and Forum Vijaya Mall. These offer a range of shopping options to the residents for their needs.
- Supermarkets near Chromepet are VSP Super Market, Santhosh Super Market, Sri Ambika Super Market, Pandian Super Market, etc. These provide locals with quick access to their daily necessities.
- Hotels near Chromepet are Accord Chrome, Hotel Sai Krish Grand, Hotel Grand Parkway, Raj Supreme Residency, Hotel NK Grand Park, etc. These are some of the popular options for luxury and comfortable accommodations near this locality.
Employment Opportunities In Chromepet
- Chromepet boasts thriving employment opportunities to its residents by having several major IT Hubs, Commercial areas, and Industrial areas within its vicinity.
- Key employment hubs located on OMR (Old Mahabalipuram Road) are easily accessible.
- CIDCO Industrial Estate in Guindy is only 11 km away from Chromepet via GST Road.
- Major commercial hubs of Thoraipakkam and Perungudi are accessible in 12 km from the Chromepet locality.
- Prominent IT Parks near Chromepet include Ascendas IT Park, Olympia Technology Park, Bahwan Cyber Tek, ASV Suntech Park, and Prince Infocity Park.
Lifestyle In Chromepet
- Chromepet offers a modern and comfortable lifestyle.
- Residents in Chromepet enjoy seamless access to important facilities, recreational places, greenery, and the airport. This makes Chromepet a good place to live in, especially for those looking for a highly convenient living experience.
- Chromepet boasts abundant greenery, including several gardens and parks, allowing residents to rest and relax amidst peaceful surroundings.
- Restaurants near Chromepet are Lakshmi Bhavan Restaurant, The Samba Biryani Restaurant, Shri Balaajee Bhavan, Yaa Mohaideen Biriyani, Namma Veedu Vasanta Bhavan, Barbeque Nation, etc. These are some of the nearby popular choices that offer a delectable dining experience to the locals.
Safety and Security In Chromepet
- Chromepet is considered a safe locality in .
- The presence of several police stations within easy reach provides a secure environment in Chromepet.
- Police patrolling is regularly done, day and night, to ensure the safety of the residents in maintained well.
Development and Future Prospects In Chromepet
- The upcoming Blue Metro Line’s Airport-Kilambakkam will link to Chromepet Station.
- The planned Subway at Radha Nagar is expected to reduce traffic congestion.
- The Chromepet Railway Station will soon be revamped under the Amrit Bharat Scheme, providing improved facilities to the locals here.
Cultural and Community In Chromepet
- Chromepet is home to a diverse and vibrant community.
- People belonging to different cultures reside in Chromepet harmoniously.
- The proximity to several work hubs and good connectivity attract people across the nation to this locality.
- Several religious places in Chromepet are Arulmigu Balasubramanyar Temple, Sri Sankara Vinayagar Temple, Shirdi Sai Baba Temple, Ayyappan Temple, Sri Varasithy Vinayagar Alayam, Immaculate Conception Church, St Paul's Church, etc.
Environmental Factors In Chromepet
- Chromepet boasts good greenery and a tranquil environment.
- Several gardens and parks near Chromepet are Gandhi Park, Pallavapuram Kids Park, Pallavaram Municipality Park, Venkatraman Nagar Park, Sarvamangala Nagar Park, MMDA Nagar Children's Park, BBR Nagar Park, etc. These also contribute to the green belt of this locale.
- The pristine Nanmangalam Reserve Forest is also within good proximity of Chromepet.
- The air quality in Chromepet is moderate, considering ongoing developments in and around the locality.
Flat Configuration In Chromepet
- Chromepet offers flat configurations of 1 BHK, 2 BHK, and 3 BHK.
- 2 BHK is the most preferred flat configuration by homebuyers in Chromepet.
- Some developers also offer bare shell units, allowing easy customisations and flexibility to the homebuyers.
Property Price Growth In Chromepet
- Properties in Chromepet have experienced a YOY price growth of 4%.
- In the last 3 years, property price growth in Chromepet has been around 14%.
- In the last 5 years, the property values in Chromepet rose by approximately 22%.