



View All 6 Photos

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.

Velachery is a growing residential suburb in south Chennai, bordering Guindy, Madipakkam, and Adambakkam. The pin code of Velachery is 600042. This area attracts IT professionals and families, featuring landmarks like Velachery Lake and Phoenix Marketcity. Residents study at Guru Nanak College and visit Prashanth Super Speciality Hospital for medical care. St. Thomas Mount Metro Station on the Green Line is the closest metro, located 4 km away. Velachery Main Road connects the area to Velachery MRTS Station in less than five minutes. Property rates in 2026 average Rs. 7,500 to Rs. 11,000 per sq ft, dominated by multi-story apartments. High rental demand from nearby software corridors drives the local real estate market growth.
| Locality | Property Price per sq ft* |
|---|---|
| Velachery chennai | Rs. 7,500 to Rs. 11,000 |
| Configuration | Average Rental Rate* |
|---|---|
| 1 BHK for rent | Rs. 12,000 to Rs. 15,000 |
| 2 BHK for rent | Rs. 16,000 to Rs. 22,000 |
| 3 BHK for rent | Rs. 23,000 to Rs. 28,000 |
Velachery remains a highly sought residential hub in south Chennai, showing strong market performance. The average buyer price for apartments ranges from Rs. 7,500 to Rs. 11,000 per sq ft. Property values experienced a significant 12.5% year-on-year appreciation, reflecting strong demand from professionals working in nearby IT corridors. The rental market is active, with monthly rents ranging between Rs. 12,000 and Rs. 28,000 depending on configuration. This rental segment saw a steady 6.7% growth over the past year. Investors benefit from consistent capital gains and high occupancy rates. (* As of August 22, 2026)
Here are some of the important landmarks holding historical and cultural importance:
Velachery Lake is a prominent landmark in Velachery. Some more include:
Velachery is well-connected through Velachery Main Road and the following roads:
St. Thomas Mount Metro Station on the Green Line is the closest public transit option, located 4 km away. Some more include:
The nearest railway station and airport are Velachery MRTS Station, which is located 1 km away, and others:
Velachery is well-equipped with numerous top educational institutions, such as Guru Nanak College and DAV Public School, along with:
Some reputed healthcare places near Velachery include Prashanth Super Speciality Hospital, and others:
You can access Phoenix Marketcity and Grand Square easily from Velachery chennai. Some more include:
These localities are located around Velachery:
Here are some of the major employment centres near Velachery:
The popular landmarks within Velachery are:


No builders found
Vesta Builders & Promoters 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.
