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Explore - Most Affordable Apartments For Sale In Chennai Under 40 Lakhs

Are you looking for your dream home in Chennai but do not wish to break a bank for it? If you nod yes, do not worry as the city offers numerous options even in a budget as limited as INR 40 lakhs. Chennai’s real estate is pretty diverse, offering a wide spectrum of housing options. These options start from affordable apartments to luxurious villas and bungalows. Unlike earlier, it houses various high-rise buildings offering affordable apartments  for sale in Chennai. But, where to find these apartments?


Finding home is never an easy task as numerous factors are needed to be considered. From basic amenities to proximity to schools and hospitals, there are several aspects that must be evaluated to find an ideal place to call home. Unlike what you will hear from people, you must know that finding an apartment under INR 40 lakhs is easily possible in Chennai. Known for its rich culture and rapid urbanisation, this city is a home to thousands of individuals with varying housing budgets and needs.


Undoubtedly, the premium side of Chennai’s real estate market is fascinating. However, it is not affordable for individuals who look for budget-friendly apartments. If you too look for such a new apartment for sale in Chennai, this post by the Home4us real estate experts is a must-read for you. It will introduce you to the most awaited upcoming affordable housing projects offering apartments under INR 40 lakhs.

Affordable Flats for Sale in Chennai

Chennai has a diverse real estate landscape, offering an ideal option for every buyer. The city does not disappoint individuals who look forward to owning a place under a limited budget. It has numerous options and some of these budget-friendly housing projects are listed below that are offering apartment for sale in Chennai under INR 40 lakhs. 

Summary table- New apartment for sale in Chennai

S. No. 

Project Name


Shriram Paradiso


Urbanise The World Of Joy


Casagrand Aspires


VRX Fete


VRX Magna


Sidharth Crown

Shriram Paradiso

Launched in September 2023, Shriram Paradiso by Shriram Properties Limited. It is a seven tower project spread over an area of 8 acres. It has a total of 624 units of 1, 2 and 3 BHK apartments. This luxurious project offers flats starting from just INR 37 lakhs making it an attractive destination for budget- buyers. It is located in Poonamallee. The builders of this project are set to offer possession to the buyers in June 2028. 

Some of the many amenities in Sidharth Paradiso that majorly attract homebuyers include a cafeteria, club house, swimming pool, lift, park, in-house commercial complex, jogging and strolling track. 

Urbanrise The World Of Joy

Next on the list of projects you must check out if you wish to buy apartments in Chennai is Urbanrise The World Of Joy by Urbanrise in Siruseri. It is a seven tower project consisting of 2880 units of 1, 2 and 3 BHK flats. This housing project is spread over an area of 10 acres. The starting price of owning a flat in Urbanrise The World Of Joy is just INR 20.5 lakhs. The developer launched this project in January 2023 and is set to offer possession in December 2026.

With an aim to offer a holistic living experience to the residents, this society will offer numerous amenities including swimming pool, club house, gymnasium, mini cinema theatre and kids play area.  Also Read - 10 Luxury Apartments in Bangalore

Casagrand Aspires

Located in Karanai, another project to checkout when looking for a new apartment for sale in Chennai is Casagrand Aspires. It was launched in April 2023 by its developer, Casagrand Builder Private Limited. The project houses 2 and 3 BHK apartments starting at just INR 34.4 lakhs. Casagrand Aspires is spread over an area of one acre and has three towers in it consisting of around 316 units. Buyers will get the possession of their apartments in this project in April 2025.

Casagrand Aspires is a luxurious yet budget-friendly housing project. Hence, it offers some of the most amazing amenities like swimming pool, jogging and strolling track, meditation area, library, kids play area, indoor games room, gymnasium, club house and lift. 

VRX Fete

Launched in November 2022, VRX Fete by Vijay Raja Home Private Limited is another awaited housing project offering affordable apartments in Chennai. It is spread over an area of one acre and has two towers. In addition to its beautifully designed 1 and 2 BHK apartments, VRX Fete also contains studio apartments. It houses 245 units. The builder is set to provide possession to the buyers in November 2024.

VRX Fete has a strategic location making it an attractive destination for the home buyers in Chennai. Some other amenities attracting buyers include lift, park, gymnasium, barbeque space, meditation area, jogging and strolling track, aerobics room and lift.  Also Read - Top 10 Residential Projects in Mumbai

VRX Magna

Moving forward in this list, we come across another newly launched project by Vijay Raja Homes Private Limited. VRX Magna is a one tower under construction project spread over a land of 6 acres. It is located in Thirumazhisai. VRX Magna houses 427 units of 1 and 2 BHK apartments in addition to studio apartments starting at just INR 16.8 lakhs. The builder launched this project in September 2022 and is set to offer possession in September 2024.

The amenities of VRX Magna include an outdoor tennis court, club house, jogging and strolling track, swimming pool, banquet hall, gymnasium, lift and park. 

Sidharth Crown 

If you are looking for an apartment in Madhavaram, Sidharth Crown is a must-check project for you. Launched in August 2022, this housing society is being constructed by Sidharth Foundations and Housing Limited. It has 250 units in its four towers spread over an area of 2 acres. These units include 1, 2 and 3 BHK apartments starting from INR 33.5 lakhs. The builder will offer possession to these flats in December 2025. 

Sidharth Crown has numerous amenities making it an attractive destination for home buyers in Chennai. These amenities include a banquet hall, gymnasium, art and craft studio, barbeque space, kids play area, aerobics room, sand pit, indoor games room, cycling track and meditation area.

Also Read - Top 10 Luxury Apartment in Kolkata

In the end

Looking for a budget-friendly apartment for sale in Chennai? Rely on Home4us to find you the perfect home. It is a one-stop destination to find the best residential and commercial properties in India based on your specific preferences and budget. When looking for one in Chennai, it is not different.

Frequently Asked Questions

Where is the best place to buy a flat in Chennai?

Some of the most reliable localities in Chennai to buy a flat include Anna Nagar, Besant Nagar, Kotturpuram, R. A. Puram, Adyar and Mylapore. 

Is it a good time to buy an apartment in Chennai?

The rapid urbanisation is making Chennai one of the most ideal places in the country for real estate investment. It is becoming a popular IT hub of the country, attracting individuals from all across India. 

What is the life expectancy of an apartment in Chennai?

Studies suggest that the average life expectancy of flats in Chennai is between 50 and 60 years.


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