Chennai is one of the best metropolises in India to live and work. It was voted as the safest city in India by the Quality of Living survey. The superior lifestyle, strong heritage and cultural influences, and musical tradition make Chennai a special city. It has the perfect mix of economic, cultural and educational centers in south India.
Chennai Realty boom
While real estate investment is very crucial, however, it is critical to understand the the nitty-gritty of this phenomenon. The Chennai real estate market is finally showing signs of stability, due to the growing infrastructure and good connectivity factors. The thriving automobile industry, software services, medical facilities, textile and hardware manufacturing have been constantly pushing up the rates of Chennai properties. Resultantly, the Chennai real estate is growing at a rapid pace. There are some locations which have become good investment zones. Let us take a look at these.
Areas to invest in Chennai
- Avadi
Falling in the western part of the city, Avadi is one of the ideal investment locations in Chennai for residential properties. Just 25 km west of Chennai Central Railway Station, it is landlocked by major defense establishments and areas such as Anna Nagar, Ambattur and Thirumnagalam. With many educational institutes, IT companies and gated communities in the near vicinity, Avadi has huge potential for growth in future as well. If you want good residential properties, flats or residential plots in Chennai, Avadi is bang on your money.
- Sholinganallur
A vibrant residential locality in the south of Chennai, Sholinganallur is also a hot and happening place. IT business parks, educational hubs and globally renowned hospitals have given a big push to the prices of properties in this part of Chennai. Sholinganallur is nestled between an important junction connecting East Coast Road to Tambaram, Mudichur, and Adyar to Mahabalipuram, along Old Mahabalipuram Road. With prominent companies in the near vicinity, Sholinganallur is one of the best investment destinations in Chennai, offering excellent infrastructure and transport facilities.
- Mambakkam
Lying towards the south of Chennai, Mambakkam will be teeming up with schools, hospitals and educational facilities in the near future. It is one of best areas in Chennai to invest in residential properties and plots, especially in the places such as Mambakkam-Medavakkam road, Ponmar.
- Chromepet
Chromepet has grown exponentially as a commercial hub in the last couple of years. With attractive land prices and good medical and educational facilities, this place is hotting up the realty sector in Chennai. Surrounding areas include Chitlapakkam, Nemilichery etc. where properties and land values have appreciated greatly.
- Korattur
With Chennai Central Railway Station just 12 km away, Korattur is in the near vicinity of Anna Nagar. It has also evolved into an urban township over the years. Many projects, both upcoming and under-construction developments, are taking shape in the area currently. Due to some major developments within the area, it is becoming a much sought-after residential area in Chennai.
Though these are some of the ideal investment zones in Chennai, there are other places such as Madhavaram, Pallavaram, Ambattur, Medavakkam, Madipakkam, Tambaram, Porur etc which are also becoming hottest property pockets in Chennai. There are also many ready-to-move-in properties, available at premium rates, especially in the outer suburbs and peripheral areas. The demand for Chennai properties is going up substantially for the last few years, making them attractive for everyone. So, the time is ripe to purchase a property now than ever before.
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