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Flats Under 50 Lakh for sale in Shriram City Rd Mangadu, Mangadu, Chennai
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About Properties In Shriram City Rd, Mangadu, Chennai for Sale
Overview of Mangadu
- Managadu is a developing suburb in the Western part of .
- This locality is nearby Kovur, Kozhumanivakkam, Nova Nagar, and Sri Kamatchiamman Nagar.
- This area is known for the ancient Mangadu Kamakshi Amman Temple.
- Mangadu has transitioned into a high-demand residential area due to its strategic positioning between the industrial belts of Sriperumbudur and the IT corridors of Porur.
- The name Mangadu translates to “Mango Forest”, which reflects its historical roots as a lush mango grove.
- This locality offers a mix of traditional individual properties and luxury developments, that focuses majorly on mid-segment buyers.
- The pincode of Mangadu is 602101.
Mangadu Residential Market Insights
- The average range of residential properties in Mangadu is around ₹ 7,400 per sq. ft. The prices have gone up by 21% in the last 1 year.
- The average price of a 1 BHK flat in Mangadu ranges from ₹ 22 lakh to ₹ 42 lakh.
- The average price of a 2 BHK apartment in Mangadu ranges from ₹ 47 lakh to ₹ 67.25 lakh.
- The average price of a 3 BHK apartment in Mangadu ranges from ₹ 65.97 lakh to ₹ 87.8 lakh.
- The average price of a 4 BHK apartment in Mangadu ranges from ₹ 1.04 crore to 1.45 crore.
- There is a consistent demand for rental properties in this area driven by professionals working in nearby industrial and IT sectors.
- The average rental price range in Mangadu ranges somewhere between ₹ 11,000 to ₹ 16,500 monthly.
- Key factors that influence property prices in this region are amenities, carpet size, construction status, road width and connectivity to IT Hubs.
Connectivity and Transport In Mangadu
- The Mangadu area offers the best road connectivity, acting as a bridge between the Bangalore Highway (NH-4) and the Kundrathur road.
- This locality is well-connected to the Bypass Road and the Outer Ring Road (ORR).
- Mangadu doesn’t have a dedicated metro station yet, the upcoming Metro Phase 2 will feature stations at Kattupakkam and Kumanamchavadi within a 2 km radius.
- The International Airport is approximately 12.84 km from Mangadu.
- Mangadu is connected with central via the OMR, and is also easily accessible via the Vandalur-Kelambakkam Road.
- The Puratchi Thalaivar Dr. M.G.R. Bus Terminus (CMBT) at Koyambedu is roughly 13 km from Mangadu.
- The MTC bus network connects Mangadu to Broadway, Poonamallee, and T. Nagar.
Social Infrastructure In Mangadu
- Some of the prominent hospitals in Mangadu are Aadiv Multispeciality Hospital, Taj Hospital, and Western Hospital.
- Educational institutions like SG School, Mangadu Government School, PSBBM School, and Velammal Vidyalaya are located here.
- Chandra Metro Mall, Nexus Vijaya Mall, and VR are some shopping malls nearby.
- Several dining options are available in Quality Fast Food, Zam Zam Chinese Fast Food, A1 Tasty Biryani and Adayar Coffee House.
- For groceries and daily needs, Stock Fresh Mart, Kovai Pazhamudir Nilayam, Reliance Smart, and D-mart.
Employment Opportunities In Mangadu
- Mangadu is strategically located near DLF Cybercity, L&T Innovation Campus, Jayanth Tech Park and Prince Info Park.
- It is also close to Ambit IT Park and industrial estates in Ambattur.
- Mangadu’s proximity to IT Hubs nearby is a huge advantage for working professionals living here.
- The industrial hubs of Sriperumbudur and Oragadam are easily reachable via the Bangalore Highway (NH4).
- The presence of several educational and healthcare institutions also provides significant employment opportunities.
Lifestyle in Mangadu
- Mangadu offers a unique blend of a spiritual vibe with a modern suburban lifestyle.
- This locality is deeply influenced by many temples nearby, creating a peaceful and traditional atmosphere.
- The presence of parks, playgrounds and turfs allows residents to engage in fitness activities regularly.
- Some of the popular hangout spots are Bagavathy Theatre, Thipikaa hotel, and SS Fast Food.
Safety and Security In Mangadu
- Mangadu is considered a safe and family-friendly locality with an active police presence.
- The Mangadu police station monitors the area, and daily patrolling is conducted to ensure public safety.
- Most gated communities are equipped with 24/7 security personnel and CCTV surveillance.
- Proper street lights are installed along major stretches and interior roads.
Development and Future Prospects In Mangadu
- The completion of Metro Phase 2 is the most anticipated factor for investing in . It will boost property prices and also rental demand in Mangadu.
- Ongoing developments are happening around the stormwater drainage system to avoid flooding during monsoon season.
- The road widening project on the Mangadu-Poonamallee stretch is a critical infrastructure move designed to transform this corridor from a congested lane into a major feeder road.
- The upcoming Purple Metro Line is to have a dedicated station at Mangadu.
Culture and Community in Mangadu
- Mangadu is a vibrant culture centre, where people of different faiths live together in this area.
- This locality has several temples nearby, like Velleeswarar Temple, Vaikundavasa Perumal Temple, and Vinayagar Temple.
- The Sarba Siddhar Jeeva Samadhi is another local spiritual landmark that serves as a center for meditation and communal gatherings.
Environmental factors in Mangadu
- Mangadu is a fast urbanising area that retains a green environment in central .
- The presence of many IT parks and Thalambur Lake nearby makes it a green environment for working professionals.
- Mangadu offers a green environment and has a comparatively lower AQI than other regions.
Flat Configuration in Mangadu
- Mangadu offers a range of 1 BHK, 2 BHK, 3 BHK, and 4 BHK configurations.
- These properties in this region are available for both sale and for rental purposes.
- Several renowned builders and developers like Shriram Properties Limited, Fomra Housing, and Nutech have some real estate properties in Mangadu.
- 2 BHK configuration is most popular in Mangadu.
Property Price Growth in Mangadu
- Mangadu has seen a constant increase in property prices in with over 51% growth in the past 3 years and around 68.2% in the past 5 years.
- Investors are attracted to Mangadu due to its affordability compared to other localities.
- The proximity to the upcoming metro line (Phase 2) and widening of the bypass roads are expected to drive the prices more in the coming months.
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