Mandaveli
Avg. Rate
₹ 3,223/sq. ft
Locality Rating
7.2/10
Mandaveli is a well-established residential locality situated in Chennai district, Chennai, known for its traditional and peaceful character. The area has a population of 41,294 residents, making it a vibrant yet tightly knit neighbourhood. Property prices in Mandaveli currently stand at ₹6,200 per sqft as of October 2025, having experienced a massive growth of 254.3% since January 2011 when prices were ₹1,750 per sqft. This remarkable price appreciation reflects strong and consistent historical demand, indicating solid investment potential for the future. Homebuyers and investors looking for long-term value in a prime urban setting will benefit significantly from living or investing here. Overall, the locality offers a promising market outlook and a desirable living environment.
Region
Mandaveli
City
Chennai
District
Chennai
State
Tamil Nadu
Pincode
600004
Population
41,294
Schools
5
Nearest Airport
Chennai International Airport (MAA)
Neighbourhood Insights by
The Good
Coastal location provides unmatched lifestyle amenities — beaches, seafood restaurants, and weekend getaways within minutes
Upcoming Metro Phase 2 station will bring the first rail-based connectivity to this locality
Lowest entry-ticket pricing in the Chennai market makes it viable for land banking and patient capital
The Bad
High soil salinity accelerates corrosion of structural rebar in older buildings — a material due-diligence risk in pre-2010 stock
Cyclonic storms regularly affect Chennai's coastline; wind and rain damage to exterior finishes is an annual maintenance cost
Many developments are investor-held; low end-user occupancy depresses maintenance quality and community upkeep
Aurum Price Index for Mandaveli
Normalized to 100 · Oct 2020 baseline
Timeline
Aurum Price Index is based on 10 parameters:
Property Listing Trends
(12%)
RERA Inventory & Sales Velocity
(13%)
IGR Transaction Data
(15%)
Rental Yield
(10%)
Pollution & Environment
(08%)
Infrastructure & Connectivity
(13%)
Social Infrastructure
(08%)
Crimes & Safety
(08%)
Political Stability
(06%)
Corruption & ease of doing business
(07%)
Rates and Trends
Timeline
Average Rate
₹ 3,223/sq. ft
Average Price Range
₹ 950 – 10,050
Trend (5Y)
▲ 69.9%
Nearby Neighborhoods
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Frequently Asked Questions
The information provided on this page is collated from publicly available resources. PropTech Pulse does not guarantee the accuracy, completeness, or authority of this data and shall not be held liable for any discrepancies. For queries or further assistance, please contact us at pulse@aurumproptech.in
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