Why Investing in an apartment in Guduvanchery is a beneficial option
Guduvanchery or previously known as Gooduvanchery which connects neighboring suburbs like Chengalpattu, Vandalur, and Tambaram through the Grand Southern Trunk road. The national Highway forty five passes through Guduvanchery connecting its neighboring suburbs and other localities like Potheri, , Pallencheru also known as Korrunkanthangal, Adhanur, Madambakkam and many other places so it is pretty convenient for the people .
Guduvanchery has become a preferred residential locality the reason being its connectivity and proximity to schools, colleges, Special Economic Zones and many other companies. Guduvanchery has also seen sufficient amount of infrastructural development. A new bus terminus is soon to be opened which would be considered as the gateway to the south of Chennai and will make the traffic flow in the nearby areas like Thiruvallur, Tambaram a lot easier than it used to be before.
In the last six months, a major growth in the demand is seen in residential market of the area especially in the road that stretches from Thiruporur and Guduvanchery. The locality is witnessing lot of real estate activity and projects. The pricing is said to be affordable for a metropolitan city and has attracted lot of investors. For the past 1 year, if you calculate the multi-story flats capital value in the area, it has increased by almost eleven percent. The real estate experts believe that because of the steady growth in the residential market and also commercial market, the locality will improve a lot more and will attract more investments. The rental price of a 2 BHK apartment, range from INR 6,000 to INR 10,000 per month.
More residential buildings are being constructed with 2 BHK, 3 BHK and 4 BHK apartments with amenities to make life of the residents easy and comfortable. For example there are apartment buildings with swimming pool, indoor games, sufficient space for parking, children play area, multipurpose halls where the residents can organize parties, holistic activities etc. Some residential buildings even have rain water harvesting for encouraging green living for the residents. Lancer Lumina Apartments is one of the examples of such residential projects with such world class amenities and the ongoing rate of these types of residences in the area costs approximately around INR 30 Lakh to 40 Lakh depending on whether it is 2 BHK or 3 BHK.
As already mentioned, the residences are built in a close vicinity to Special Economic Zones and companies like Mahindra World city, Accenture and many more. So people working in these companies will have an easy access to their work place which will reduce the travel time and stress for the working professionals. Buying an apartment is always a safe option as it is easy to maintain and more affordable. In Guduvanchery, the existing residential projects and the ongoing residential and commercial projects, adequate water supply, sewerage treatment plan in the buildings and other infrastructural amenities have seem to hold a better future for the micro market so investing on an apartment in this locality will be beneficial for the residents.