Flats for Sale under ₹50 Lakhs in Mylapore, Chennai

A: The listings include apartments, gated community flats, and compact homes from reputed developers such as Bhoomi And Buildings, KG Builders, GR Natarajan And Company, Vasavi Housing, . Options range from entry-level units to feature-rich residential towers.

A: Yes, Mylapore offers several ready-to-move properties under ₹50 Lakhs like Bhoomi Crimson Square and similar completed projects, ideal for buyers seeking immediate possession without construction delays.

A: Mylapore has multiple new launches within this budget, offering modern layouts and early-buyer benefits. These projects often come with competitive pricing, construction-linked plans, and introductory offers.

A: Flats under ₹50 Lakhs in Mylapore typically have built-up areas ranging from 1000 sq.ft to 1900 sq.ft, depending on the developer, design, and location within the micro-market.

A: Common amenities in this segment include 24/7 security, power backup, elevators, children's play areas, parking, and basic recreational facilities. Some projects may offer clubhouses, gyms, or landscaped gardens.

A: Mylapore is a strong choice for both end-use and investment due to its connectivity to tech parks, planned infrastructure, and consistent demand from professionals working in nearby IT corridors.

A: Yes, many trusted names like Bhoomi And Buildings, Newry Properties, Vasavi Housing, Vasavi Housing, have active or completed projects in this budget segment, ensuring reliable construction and timely possession.

A: Most national and private banks, including SBI, HDFC, ICICI, and Axis Bank, offer home loans for properties in this budget, subject to your income and credit profile. Loan tenure and EMIs vary accordingly.

A: The average price per sq.ft in Mylapore is around ₹1611, with variations between ₹1300 to ₹1800 based on project specifications, amenities, location, and construction stage.

A: Rental income in Mylapore ranges from ₹10,000 to ₹25,000/month depending on flat size, furnishing status, and proximity to tech zones, with average rental yields of around 3–4%.

A: Most developers follow RERA norms, and many projects in this segment are RERA-registered. This ensures legal compliance, construction transparency, and protection for buyers.

A: Mylapore enjoys robust connectivity via BMTC buses, major roads like Mylapore Main Road and Outer Ring Road, and ongoing metro rail expansions, making daily commuting more convenient.