Without argument, most would agree that Chennai, formerly known as Madras is the most famous of the 4 south Indian capital cities. Chennai is one of the biggest cultural and educational centres in the Southern part of India and is the 6th largest city in the country. Needless to say, people migrate to this beautiful city for jobs, dreams and more! If you’re a resident of Chennai or are interested in investing in real estate in this beautiful city, here are some places that you could consider.
Ambattur
Located in the western part of Chennai, Ambattur is a historically rich, growing residential hub. With a total area of around 45 km2, this area has been a prime location for major residential projects. A lot of IT parks too have come up in close proximity of Ambattur and has attracted the boom in residential constructions here. Ambattur has excellent connectivity to other parts of the city through buses and trains.
Oragadam
Oragadam is mostly considered as an industrial town and is even hailed as the biggest automobile hub in all of South Asia. Evolving fast into a multifaceted zone, Oragadam has shown immense promise when it comes to residential projects. However, don’t let the tag of industrial town discourage you from investing here. The last few years have shown a steep rise in real estate prices and is expected to rise further in the coming years.
OMR
Old Mahabalipuram Road or OMR was recently renamed as the Rajiv Gandhi Salai. This is a 45 km long road that connects Chennai to the city of Mahabalipuram in Kanchipuram district. OMR has become a belt around which real estate development has been booming. Many projects were sold around this area and many more have been announced in this corridor which makes it a prime time to invest in this region.
Guduvancheri
Yet another upcoming locality from Kanchipuram district is Guduvancheri or Kooduvancheri. This is still a suburb as of now and hence has not reached a price or crowd saturation yet. Multiple projects have been announced here because connectivity is good and is less than an hour’s drive away from the international airport. Experts predict a major rise in property prices here as the locality is much quieter and peaceful compared to an already fully developed Chennai.
Pallikaranai
Pallikaranai in Chennai is a residential locality that has seen commendable real estate boom owing to the IT establishments in close proximity. That and the automobile hub in GST has played an important role in increasing the demand for residential projects in this belt. Pallikaranai was recently ranked as the 11th biggest destination for real estate investments and housing prices are expected to skyrocket in the next 2 years. Definitely a spot to look out for.
Medavakkam
Tucked away in the southern part of Chennai is Medavakkam, a very posh residential locality in the city. Given its close proximity to other thriving places like Sholinganallur, Selaiyur, Keelkattalai, Velachery and Tambaram, real estate has never been dull in the last 5 years. This pace is expected to stay put, making it a very good option for real estate investments.
Madipakkam
Madipakkam is a recent inclusion in the Greater Chennai Corporation. Several low-medium range housing options have come up in this belt recently and it has invited a huge chunk of people to invest in real estate here. If you want a house in the medium range, this is one of the locations you could look into.
Tambaram
Tambaram is a residential locality situated on the Chennai-Trichy national highway and is on the southern part of Chennai. This location is also the home of Indian Air Force and the Tambaram Air Force Station. Tambaram is well connected to other parts of the city and state through major roads and railways. The place is also rich in amenities like schools, colleges, hospitals and libraries etc. Land and property prices in this region have shown much appreciation and that trend is expected to continue around 2-3 years into the future as well.
Porur
Situated on a crucial position on the Mount Poonamallee road, Porur is a very posh and important location in Chennai. Known widely for its industrial establishments, residential colonies and grocery markets, Porur is an ideal mix of residential and commercial projects. Road connectivity is excellent here and builders are keen on developing this region because of its positioning and vibe.
Finding The Right Property To Invest
You will find no dearth of new and ready to move in projects in any of the locations mentioned in the above list. In fact, we’re sure that each of these places will have something that fits your requirements and budget.
However, while choosing apartments, try to remember that location and builder reputation alone may not guarantee a happy home. Try to make sure that you go with a project that has a technological solution like ADDA to oversee its smooth functioning. We guarantee you that any society that makes use of ADDA, works like a well-oiled machine keeping both residents and MC members super happy.
So get started today. We hope you find your dream house in Chennai soon!
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