Real Estate Overview of Shanthi Colony, Chennai

Location and Amenities

Shanthi Colony lies in central Anna Nagar, Chennai, known for its excellent location and numerous amenities. The zone is closely tied to key educational facilities, healthcare centers, and business areas. You'll find Kendriya Vidyalaya Anna Nagar and Be Well Hospitals Anna Nagar within a 2 to 3 km radius, making it perfect for families and working individuals alike.

Types of Properties

In the locality, you'll notice an assortment of properties such as apartments, villas, plots, and commercial areas. Various options exist for purchase, including different configurations like 1 BHK, 2 BHK, 3 BHK, and 4 BHK flats. These properties belong to upscale residential developments featuring amenities like gyms, CCTV cameras, landscaped gardens, power backup, intercom systems, and ample parking spaces.

Rental Options

For rentals, Shanthi Colony offers diverse choices. From furnished to semi-furnished apartments spread across 1 RK to 4 BHK configurations. There are also standalone houses and villas suitable for bachelors and families alike. Rental rates vary but typically start from ₹17,000 to ₹42,000 per month, depending on the property's size and amenities.

Pricing and Market Trends

Property prices in Shanthi Colony remain high, reflecting the quality and location. Buying options typically average around ₹16,661 per square foot, with a range of ₹11,956 to ₹20,990 per square foot. This showcases a solid and stable real estate market; however, there was a sharp 30.43% year-over-year decline in prices, indicating a potentially opportune moment to invest.

New and Under Construction Projects

A few new and upcoming projects in Shanthi Colony present luxurious and contemporary living experiences. Projects such as Stepspace Classic, Pinaaka, Ramaniyam Manasa, EK The ARC, Indus Promise, and Rajni's Sunshine come with high-end amenities and spacious layouts, appealing to both buyers and renters.

PropertyWala's Conclusion

Shanthi Colony in Anna Nagar, Chennai, is an enticing option for property buyers and renters. Thanks to its prime location, wide array of property types, and ample amenities, it’s an appealing investment choice. Whether you’re a family looking for a welcoming home or a professional seeking a convenient yet luxurious place, Shanthi Colony has something for everyone.