Chennai, the commercial hub of South India is
one of the largest metropolitan cities in the country. The city remains to be a
popular destination for the real estate industry. People who are looking
forward to investing in properties in Chennai may go for the locations
including OMR, Ambattur, Pallikaranai, Oragadam, Mambakkam and Gudavanchery.
Chennai, the
capital of Tamil Nadu is the major centre for commerce and trade in South
India. Industries like automobile, IT, electronics, manufacturing and others
have endured massive growth in the city. Also, Chennai is a popular educational
and healthcare hub. With the cutting-edge infrastructure and advanced
transportation networks, Chennai has been ranked high in the liveability index.
Despite being a metropolitan city, Chennai has preserved its traditional values
and organic lifestyle. Further, the city is known for its rich art and culture.
In search of opportunities and a better life, more people tend to settle in the
city. As a result, the real estate sector is growing exponentially in Chennai.
The city offers various residential properties like Alliance Villas in Chennai and others where people can invest.
Following are
some of the best localities in Chennai for investing in new properties:
OMR
Old Mahabalipuram
Road or OMR is a 45 km stretch that witnesses numerous residential as well as
commercial projects. It is also known as the IT Corridor due to locating IT
business parks and SEZs. The properties in OMR are the most preferred by the professionals
working in Chennai.
Ambattur
The locality
consists of various IT and other industries. Many real estate projects are
there in this area. Localities like Anna Nagar and Mogappair are in propinquity
to Ambattur.
Pallikaranai
It is also a
commercial area with many residential apartments. People opt for this locality
due to the proximity to workplaces. One can find various shopping marts and
restaurants in this area.
Oragadam
Oragadam is one
of the blooming neighbourhoods in Chennai. Located alongside NH 4, it comprises
the Oragadam-Sriperumbudur industrial sector that locates several Fortune 500
Companies. The area has become a real estate hotspot in the city.
Mambakkam
Mambakkam is located in the southern fringes
of Chennai. There are various schools, colleges, hospitals and other utilities
in this area. One can find many residential apartments in the locality.
Guduvanchery
Guduvanchery is also a popular neighbourhood
in terms of investment in properties in Chennai. It is a commercial area
comprising IT and other industrial parks. Many residential projects are there
in this area catering to the needs of professionals.
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