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Urapakkam is situated between Tambaram and Chengalpattu at a distance of 8 km and 21 km respectively. Strategically located on NH 45, this area enjoys close proximity to fast developing corridors like Vandalur-Kelambakkam Road, SP Koil-Oragadam-Srip...erumbudur Road, and the Outer Ring Road (Vandalur to Minjur) which has encouraged Urapakkam real estate development. Proximity to all necessities has increased the demand for flats and plots in and around Urapakkam. Witnessing the growth of this locality, real estate builders are flocking to this area. Residential plots are witnessing a downtrend of 1% in q-o-q. Similarly, the multistory flat for sale in Urapakkam is witnessing a decrease of 2% in q-o-q. Urapakkam is a good place to invest when compared to other localities with similar kind of infrastructures. The ROI (Return on Investment) has witnessed an increase of 4 to 11% q-o-q.
Average apartment prices in this locality range from Rs. 2,900/- to 3,600/- per sq. ft. Average land prices are Rs. 3,200/- to 6,000/- per sq. ft. The growth rate in this area is 5%. Major builders in this area include: Akshaya Homes, SB Realtors, Marutham group, Sidharth Foundations and Housing Ltd, Pearl builders, VGB homes, Acacia Homes and Constructions.
Stamp Duty is 7%, Registration Fees is 1%.
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