Realty hot spots in chennai real estate ppt

Realty hot spots in Chennai Real estate

Chennai has emerged as a lucrative real estate destination with many hotspots. NRI diasporas has also been a major contributor and the city is seeing a considerable traction from overseas as well. Property in Chennai sees a great demand.

Captured below are few hotspots in Chennai

Avadi Located in close proximity to Ambattur, Anna Nagar, Thirumangalam, etc., which are developing as commercial and industrial areas, properties on the Avadi Main Road covering places like Paruthipattu are witnessing tremendous momentum. The major highlight of the area is that it enjoys vicinity from major areas such as places like Anna Nagar, Nungambakkam, etc. As this place offers an affordable pricing when compared to the other side of the city, a good number of reputed builders are showcasing their interest to build multistoried gated communities. Spaces have also been allocated for malls and presence of numerous good schools and prestigious colleges in the vicinity makes this area an amazing bet to invest in for end users as well as buyers. builder in Chennai is preferred because of this reason.

Sholinganallur For the past few years, the Old Mahabalipuram Road (OMR) has emerged as the sought after destinations to invest in Mumbai. The area has appeared as the go-to place for purchasing housing properties. Work-life balance is considered as an essential ingredient of a good and healthy lifestyle. The major attraction of this area is its close proximity to major IT parks, a lot of buyers in this area are from the middle income group of IT professionals, bankers, etc. has made. Living close to workstation is the best deal for those who buy properties in areas around OMR. Road facilities have been improved over the past few decades leading to better connectivity and less traffic woes. The area has also seen a price correction and seen as eyed by several buyers and developers. Hence, this area continues to be an investor's hotspot in the near future. New projects in Chennai is witnessing great demand.

Mambakkam Located towards the South of Chennai, you need to take a left turn to reach this place after Vandalur. The area is expected to grow in terms of social and physical infrastructure with more number of schools and hospitals springing up in nearby areas that makes it a promising destination for real estate investment. The area is growing at a scorching pace and is expected to fetch whopping returns in future.

Chromepet This area has witnessed a lot of development in the recent past with burgeoning commercialisation, extravagant shopping malls and other fun and entertainment avenues. The place boasts of a robust physical and social infrastructure with plethora of educational institutes, schools, banks and excellent medical facilities.

The properties have gone up in value as far as land prices are concerned. Hence, this area comes about as an upcoming real estate cluster to invest in a property.

Surrounding areas include Chitlapakkam, Nemilichery where properties and land value is going up the ladder. luxury homes in chennai will grow and have amazing prospects.

Urapakkam Located in the Southern suburbs, Urapakkam attracts a lot of investors due to its proximity to major special economic zones. The area has seen a lot of traction especially from working section who prefers to stay closer to their workplace.

Korattur Known to be one of the most pollution free and serene places of Chennai, Korattur appears as a promising destination for long term. Since it is densely populated, the return on investments by renting out the property is probably high. It is also eyed by several builders and developers.