Localities in Chennai that demonstrates tremendous growth potential
The real estate downturn witnessed by most of the country did not have a major impact on the Chennai real estate market. This market along with Bangalore was one among the few markets which did not face the brunt of the real estate slump seen in the northern markets of the country. This market has remained relatively stable and is mostly considered to be an end users market. Chennai is a market that showcases variety of options in terms of property. One can find properties ranging from villas, plots, studio apartments in Chennai and even affordable housing options in the city catering the need of each segment of society. flats in Chennai Captured below some of the localities in the city that invites for a lucrative investment.
Perambur This is one of the localities in North Chennai that is witnessing a great demand. It is situated in close proximity to areas such as Anna Nagar, Villivakkam and Ayanavaram. If one is looking to purchase studio apartments in Chennai, then Perambur is one of the best places to look out for. The most preferred budget range for this locality falls between the INR 30 to 40 lakhs. The most preferred configuration for apartments in this micro market are 2 BHKs followed by 1 BHKs. Medavakkam Medavakkam is another promising destination where one can find budget apartments in Chennai. This locality is situated in the southern part of the city and lies in close proximity to other micro markets such as Velachery, Pallikarnai, Madipakkam and Chromepet.
Thoraipakkam Thoraipakkam emerges as a promising realty destination located on the Old Mahabalipuram Road. It is known as an Information Technology hub. If one is looking for apartments in Chennai, then Thoraipakkam appears as one of the most lucrative destinations. luxury apartments in Chennai Thoraipakkam offers smooth connectivity to the key GST road (Grand Southern Trunk road), the Chennai airport and the Tambaram railway station. Urapakkam Urapakkam is perfect for those who are looking forward to purchase house at affordable prices. The area demonstrates excellent investment prospects as one can earn handsome rental returns. Urapakkam has demonstrated a consistent demand as most employees appreciate the fact that the rentals are affordable, the commute from home to office quite is easy and hassle free. There is plethora of options for entertainment avenues and other facilities such as schools, colleges and hospitals close at hand. Urapakkam enjoys a robust rail network with local trains such as the Chennai Beach-Tambaram-Chengalpattu line offering transportation facilities to many passengers on a daily basis. Besides, Urapakkam has its own railway station and that is its biggest plus.
Guduvanchery The next locality focus is Guduvanchery and for good reason as not only has this area been lauded recently for its close proximity to Tambaram but also the fact that many industries and IT MNC's are located at hop, skip and jump distances from here. developers in Chennai Similar to Urapakkam, Guduvanchery is considered to be a reasonably priced residential market with many options for mixed 1/2/3 BHK apartments with prices starting from Rs 20 lakhs and upwards. Besides, the projects here are equipped with all amenities and civic facilities. One can buy their dreams homes in these areas without burning a hole into their pockets. These localities demonstrate an excellent potential for growth in future that promises higher returns in future.