Flat in Velachery has become really popular, not only for purchase but also for rent. Velachery is one of the most developed areas in Chennai in terms of both residential and commercial properties. The area has experienced a significant boom since the opening of several IT companies in its immediate vicinity. Therefore, property prices in Velachery have risen exponentially; almost five times higher than previous indicators. The area is likely to see a 10-15 percent increase in capital costs over the next two years.
Here are some of the key factors that have made Velachery a desirable destination for those looking to buy an apartment in Chennai
Some advantage of buying flat in Velachery Chennai
Quick appreciation
Due to the inherent benefits of residential property development, property prices in Velachery have risen at an astronomical height. The location has a competitive advantage in terms of affordability compared to Adyar and thus reflects the demand for housing. Property prices in Adyar range from 12 to 14 thousand per sqft.

Well-planned Infrastructure
There are several medical and educational institutions in Velachery. Prashanth Super Specialty Hospital, Xcellent Care Hospital, Helios Hospital, Gurunanak College, and DAV School are some of them. Phoenix Marketcity, one of the largest shopping malls in India, is located in Velachery. Apart from this, there are also several IT companies in the district that are located here. Due to its proximity to the airport, Velachery also has some of the best hotels near it like the ITC Grand Chola, the Westin Chennai, and Park Hyatt.

Where to buy a flat in Velachery Chennai?
Buying an apartment in Velachery is a difficult and exciting task. There are many housing projects underway in the city. If you want to buy an apartment in Velachery with a higher yield, Propertywala is your one stop destination.
Propertywala is the most reliable online real estate portals in India operating in the real estate industry for ten years. It has networks all over India so you can easily buy a flat in Velachery easily. All developers and real estate agents associated with Propertywala are genuine and 100% reliable.
Just go to propertywala.com, select a location in Chennai, then select Veachery under Location, and select the apartment that suits you best. You can also apply a budget filter. The price of a plot in Velachery starts at Rs 3,000 per square foot and goes up to Rs 10,000 per square foot.