Looking to buy a budget-friendly flat in Chennai? You’re in the right place. With rising real estate prices, finding quality flats under ₹50 lakhs in Chennai might seem like a challenge.
But worry not—several reliable builders and developers are offering affordable housing options that combine good location, essential amenities, and value for money. This guide brings you the top 15 best affordable flats in Chennai under ₹50 lakhs in 2025.
Why Consider Affordable Flats in Chennai?
Chennai has become one of India’s major metropolitan hubs, with a strong IT and industrial base, excellent educational institutions, and good infrastructure.
For first-time homebuyers, young professionals, and small families, affordability without compromising on quality is key. Flats under ₹50 lakhs offer a sweet spot between budget and comfort, especially in emerging localities.
Factors Considered in This List
- Price under ₹50 Lakhs
- Developer reputation
- Connectivity to major hubs
- Basic amenities
- Proximity to schools, hospitals, and transport
- RERA registration and legality
Here Are The Full Details About Top 15 Best Affordable Flats In Chennai Under ₹50 Lakhs
1. Casagrand Savoye – Thoraipakkam
Casagrand is known for its trusted name in the Chennai real estate market. The Savoye project offers 1 & 2 BHK flats starting at ₹43 lakhs. Located near OMR, it’s great for IT professionals.
2. Urbanrise Jubilee Residences – Guduvanchery
This is a great project by Urbanrise offering smart homes with EMI options. Prices start at ₹24 lakhs for 1 BHK flats and ₹36 lakhs for 2 BHK flats.
3. Radiance Suprema – Madhavaram
Radiance Suprema is an RERA-approved project that offers spacious 2 BHK flats starting from ₹49 lakhs. It’s located near essential amenities and has excellent connectivity to North Chennai.
4. Shriram Joy – Mangadu
Located close to Porur, this project is perfect for families and offers 1, 2 & 3 BHK homes with modern amenities. Starting price is ₹38 lakhs.
5. Alliance Galleria Residences – Pallavaram
Galleria offers budget-friendly homes starting from ₹45 lakhs. It is very close to Chennai International Airport and Pallavaram railway station.
6. Royal Splendour Aadhira – Iyyappanthangal
This project is ideal for middle-income families, offering 2 BHK units from ₹47 lakhs. It comes with covered car parking and basic amenities.
7. MP AKN Spring – Poonamallee
MP Developers offer well-designed flats with good build quality. Starting price for a 2 BHK is ₹40 lakhs. Schools and hospitals are close by.
8. DAC Silicon Valley – Medavakkam
This is a hot spot for budget buyers. The flats are Vastu-compliant and start from ₹44 lakhs for 2 BHK homes.
9. Bharathi Homes – Perungalathur
Bharathi Homes provides flats with all basic facilities including security and parking. A 2 BHK unit is available from ₹37 lakhs.
10. Appaswamy Mapleton – Pammal
Appaswamy offers top-notch construction quality. This project offers 1 & 2 BHK options starting at ₹45 lakhs, ideal for young couples or retirees.
11. GP Homes Aikya – Ambattur
Located in one of the fastest-growing residential zones, GP Homes offers 2 BHK units starting at ₹42 lakhs.
12. Ruby Landmark – Tambaram
This is a gated community project ideal for families. It offers a peaceful lifestyle with flats starting at ₹46 lakhs.
13. Puravankara Windermere – Pallikaranai
Though slightly premium, smaller units in this prestigious project are available within the ₹50 lakh range.
14. Arun Excello Compact Homes – Oragadam
Great for first-time homebuyers. Prices start at ₹18 lakhs for compact 1 BHK homes with all essential services.
15. Plaza Tranquil Acres – Kovilambakkam
A project that blends affordability with a peaceful location. Flats start from ₹49.5 lakhs for 2 BHK units.
Best Localities in Chennai for Budget Flats
- Tambaram
- Guduvanchery
- Avadi
- Perungalathur
- Poonamallee
- Medavakkam
- Ambattur
Tips Before Buying Flats Under ₹50 Lakhs
- Check RERA registration of the project
- Visit the site personally before booking
- Ask for legal clearance and approvals
- Check for connectivity to your workplace
- Compare multiple projects before finalizing
FAQs About Best Affordable Flats In Chennai Under ₹50 Lakhs
1. Is ₹50 lakhs enough to buy a flat in Chennai?
Yes, ₹50 lakhs is sufficient to buy a good 1 or 2 BHK flat in many developing areas of Chennai.
2. Which are the best places in Chennai to buy flats under ₹50 lakhs?
Areas like Tambaram, Poonamallee, Guduvanchery, and Medavakkam offer excellent options within this budget.
3. Are there any government-approved affordable housing schemes in Chennai?
Yes, you can explore PMAY (Pradhan Mantri Awas Yojana) benefits if you’re a first-time buyer.
4. What are the additional costs apart from flat price?
You may need to pay registration charges, maintenance deposits, GST (if applicable), and documentation fees.
5. Can I get a home loan for flats under ₹50 lakhs?
Yes, most banks and NBFCs offer home loans up to 80–90% of the property value, based on your eligibility.
6. Are these affordable flats good for investment?
Yes, buying flats in developing areas like Guduvanchery and Perungalathur can offer good appreciation in 5–10 years.
7. Is it safe to buy a flat from a small builder?
It is safe as long as the builder is RERA registered and the project has all necessary approvals.
8. What kind of amenities can I expect in flats under ₹50 lakhs?
Basic amenities like lift, parking, security, children’s play area, and sometimes a gym or community hall.
9. How do I verify the authenticity of a project?
Check RERA website (https://www.rera.tn.gov.in/) and visit the site in person before making payments.
10. Should I go for under-construction or ready-to-move-in flats?
Both are good options. Under-construction flats are cheaper but carry some risk. Ready-to-move-in flats offer immediate possession.
Conclusion
Buying a flat in Chennai under ₹50 lakhs is no longer a dream. With the growing number of reliable developers and planned infrastructure projects in suburban areas, the city offers multiple options for affordable housing.
Whether you’re looking for your first home or a long-term investment, choosing from the top 15 affordable flats listed above can give you a great start. Always ensure legal due diligence, check RERA status, and choose a project that matches your lifestyle needs.
