Akkarai
Akkarai, a serene coastal hamlet known for its pristine beaches, lush greenery, and tranquil lifestyle.
Location Information
Overview
The real estate market in Akkarai is witnessing a growth trend with property prices ranging from INR 4,000 to 7,500 per sq ft. The area has seen significant development in recent years with the emergence of several residential projects, including villas and apartments.
The Lifestyle
Akkarai is home to a close-knit community that primarily includes the local fishing population and a growing number of residents drawn to the peaceful lifestyle. The villagers are known for their friendly demeanour and hospitality. As an emerging residential area, it attracts both local and expatriate populations seeking a serene living environment close to nature.
Attributes
Pristine Beaches | Tranquil Lifestyle | Proximity to Chennai | Lush Greenery | Friendly Local Community | Growing Real Estate Market
You're sure to adore
Akkarai's serene atmosphere and beautiful beach.
The Market
Akkarai has a local market known for fresh produce, especially seafood. A few supermarkets are also available for daily necessities.
Connectivity
Airport
The closest airport is Chennai International Airport, approximately 23 km away.
Bus
Akkarai is well-connected by MTC buses. The nearest bus stand is Akkarai Bus Stand.
Train
The nearest railway station is Velachery MRTS Station, about 16 km away.
Road
Akkarai is accessible via East Coast Road (ECR), one of the major highways in Tamil Nadu.
Social Infrastructure
Educational Institutions
Prominent educational institutions in and around Akkarai include PSBB School, Government High School, and St. Patrick's School. Nearby hospitals include Chettinad Health City and Global Hospital.
Hospitals
Prominent hospitals in the vicinity include Global Health City and Swaram Hospital.
Crime Rate
The area is generally peaceful with a low crime rate, mainly limited to minor offenses.
Geography
Soil
The soil in Akkarai is coastal alluvial, suitable for vegetation.
Topography
Akkarai is a coastal region with a flat topography, located along the Bay of Bengal.
Altitude
The altitude of Akkarai is about 16 meters above sea level.
Flora & Fauna
Akkarai is home to coastal vegetation and various species of birds and marine life.
Climate
Season at a Glance
Akkarai experiences tropical weather with summers from March to June, monsoon from July to December, and winter from December to February.
Rainfall
The region receives an average annual rainfall of approximately 1400 mm.
Temperature
The temperature in Akkarai ranges from 20°C to 37°C throughout the year.
Real Estate Trends
Rental Yield
Rental yields in Akkarai are around 3-4% on average.
Capital Appreciation
The capital appreciation in Akkarai has been steady over the past few years due to its growing popularity as a residential area.
Average Price per sq.ft
The average price per sq.ft. in Akkarai is around INR 5000.
Demand & Supply Dynamics
There is a high demand for residential properties in Akkarai due to its serene environment and proximity to Chennai city, with a steady supply of new developments.
Short Term Rental Trends
Types of Assets (No. of AirBNB Listings)
There are approximately 20-30 Airbnb listings in Akkarai, primarily villas and apartments.
Revenue Potential
The revenue potential for rentals in Akkarai is promising due to its popularity among tourists and expats.
Occupancy Rate
The occupancy rate for rentals in Akkarai is around 70% on average.
ADR
The average daily rate (ADR) for rentals in Akkarai is approximately INR 3000.
RevPar
The Revenue per Available Room (RevPAR) in Akkarai is approximately INR 2100.
Investment Guide
1. With its growing popularity and scenic beauty, investing in Akkarai's real estate can yield high returns in the future.
2. Investing in holiday homes or Airbnb rentals can generate substantial rental income.
3. Owing to its proximity to Chennai, residential properties can attract city dwellers seeking a peaceful living environment.
Places to Visit
13 Km I Popular beach for relaxation
700 m I A large and prominent Hare Krishna temple on the ECR.
1 Km I Perfect for beach lovers It is a popular destination for nature enthusiasts and travelers seeking serenity
13 Km I Popular beach for relaxation