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The Real Estate (Regulation and Development) Act, 2016 is Act of the Parliament of India which seeks to protect buyers as well as help boost investments in the real estate industry. The Act came into force from 1 May 2016.

Vengaivasal is a quiet residential suburb in south Chennai bordering Medavakkam, Madambakkam, and Sithalapakkam. The pin code of Vengaivasal is 600073. It is a peaceful residential area popular with IT professionals due to its closeness to the scenic Vengaivasal Lake. Families here send children to Vels Global School and visit Karthick Children's Hospital for medical needs. The nearest transit point is the upcoming Medavakkam Metro Station on Corridor 5, located 2 km away. Residents use Vengaivasal Main Road to reach Tambaram Railway Station in 25 minutes. Property rates range from Rs. 5,200 to Rs. 6,500 per sq ft, with apartments driving local housing demand.
| Locality | Property Price per sq ft* |
|---|---|
| Vengaivasal chennai | Rs. 5,200 to Rs. 6,500 |
| Configuration | Average Rental Rate* |
|---|---|
| 1 BHK for rent | Rs. 11,000 to Rs. 13,000 |
| 2 BHK for rent | Rs. 14,000 to Rs. 17,000 |
| 3 BHK for rent | Rs. 18,000 to Rs. 22,000 |
Vengaivasal has emerged as a key residential hub in south Chennai. The locality has seen steady growth, with property values rising by 5.5% over the past year. Buyers can find apartments priced between Rs. 5,200 and Rs. 6,500 per sq ft. The rental market is also strong, showing a 7.4% increase in rates. Monthly rents for residential properties range from Rs. 11,000 to Rs. 22,000. This upward trend is driven by the upcoming metro line and closeness to major IT corridors. Both buyers and tenants find great value in this developing neighborhood. (* As of August 22, 2026)
Vengaivasal Lake is a prominent landmark in Vengaivasal. Some more include:
Vengaivasal is well-connected through Vengaivasal Main Road and the following roads:
Medavakkam Metro Station on the Corridor 5 is the closest public transit option, located 2 km away. Some more include:
The nearest railway station and airport are Tambaram Railway Station, which is located 8 km away, and others:
Vengaivasal is well-equipped with numerous top educational institutions, such as Narayana eTechno School and Born Scholars Matriculation Higher Secondary School, along with:
Some reputed healthcare places near Vengaivasal include Karthick Children's Hospital, and others:
You can access Grand Square Mall and Phoenix Marketcity easily from Vengaivasal chennai. Some more include:
These localities are located around Vengaivasal:
Here are some of the major employment centres near Vengaivasal:
The popular landmarks within Vengaivasal are:


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Pearl Constructions has been been one of the most premium real estate developer in India since its inception. It has firmly established itself as one of the leading and successful developers of real estate in India by imprinting its mark across all the classes. With years of market experience and a rich bag of clients, it has provided its customers a rich living experience with the best housing infrastructure.
