Apartments/Flats for sale in Alwarpet, Chennai

Last updated on Feb 26 2024

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Are you looking to buy flats or apartments for sale in Alwarpet, Bangalore? Then you are in the right place. At RoofandFloor, we have over 0+ fully furnished and semi-furnished flats and apartments listed on our website for sale. We offer homebu...Read More

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Insisights about Alwarpet, Bangalore

All you need to know about this locality

About Alwarpet, Bangalore Real Estate

As per a Knight Frank Report, the housing sales in Chennai have been steadily improving since late 2020. The sales growth has remained steady post pandemic, and 2022 saw a 19% YoY rise in housing sales.

The residential sales in Chennai are mostly concentrated in the South & West micro-markets, which contributed to around 92% sales in the second half of 2022. Areas along the OMR & GST Road are popular in South Chennai, while Porur & Poonamallee in West Chennai are in demand as well.

Flats in the 50 Lakhs to 1 Crore range usually contribute around 45 to 50% of residential sales. However, the 2nd half of 2022 also saw an increase in sales in flats priced above 1 Crore. Compared to under-construction projects, ready-to-move-in flats attract a higher demand.

Key Features about Alwarpet, Bangalore
  • Properties in Chennai are generally more affordable and cost-effective as compared to other cities, with good return on investment options.
  • Chennai is home to some of the most reputed IT parks, and automobile & electronic industries in India.
  • Some of the finest residential locales here are Porur & Anna Nagar. Micro-markets along the OMR & GST Road are popular for housing as well.
  • Stamp duty in Chennai stands at 7%, while registration charge is 4% on the market value of property.



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