9 Upcoming property hot spots in Chennai
Do you want to build your dream home in the right location in the city? Are you looking for a range of choices and options for a profitable property investment? With a brief description of the locations in discussion, you can come to a decision. This following article will help you to identify the 9 rapidly growing real estate hot spots around the city.
1. Ambattur:
Ambattur is a location that is being favored lately by developers and buyers in the city. With proximity to posh and famous residential areas like Mogappair and Anna Nagar, this region is considered as an appealing prospect to consider for buying a property. Featuring most of the amenities that a city-dwelling resident would seek, Ambattur is bound to become an integral part of a developed Chennai city. Even if the plot rates are not so economical right now, it is a growing suburb that has all the potential to turn into a highly developed area with good profitable investment forecast too.
Home to many major industrial units, the Ambattur industrial estate is an important hub for the city’s development as a whole. A decent proportion of luxury apartments in Chennai are distributed in this region and the same could turn the locality into a residentially dominating society.
2. Madipakkam:
Real estate developers and builders are also casting their radar on Madipakkam, which is a very smart option if you are looking for reasonable property rates. Located in geographical proximity to Velachery, Madipakkam is a growing suburb that has all the features of a developing residential and commercial area. In value, this zone has seen a solid increase in property rates which again seems to showcase a highly credible future in terms of investment. Easy access and nearness to important IT hubs like Thuraipakkam and Taramani is also another point to regard as a huge plus point.
3. Perumbakkam:
Closer to Sholinganallur, Perumbakkam is on the way to become a developed region with various real estate and commercial establishments. Major construction companies and promoters in the city realized the prospect of rapid development in the area and started large scale housing projects to meet the demands of incoming end-users.
A lake spread over 200 acres also proves to be an important source of water and the same keeps the ground water level in the area at a safe level for the residents to use. Some of the growing suburbs close to Perumbakkam are Medavakkam, Pallikaranai and Thoraipakkam; which are growing commercial hubs in the outskirts of the city.
4. Medavakkam:
With a bright future and lots of essential developments happening in and around the area, Medavakkam is reported to become a stunning hotspot for real estate progress. Close to Old Mahabalipuram Road, Tambaram, Pallavaram and Velachery; Medavakkam is set to become an area to lookout for in the future because of rapid development. Wide interior roads in the area also make this place easily accessible for the people.
IT parks, schools and various commercial establishments in nearby locations also make it a perfect place to invest on and buy a property. Compared to other locations, Medavakkam is fairly affordable and has an incredible possibility to turn into a viable investment option.
5. Pallavaram:
Extensively growing with rapidly developing suburbs like Chromepet and Tambaram in proximity, Pallavaram is a hub of commerce and residential settlement. Located close to the Chennai International Airport, various infrastructural developments in and around the area have made the place developed in terms of property value.
Pallavaram also has a 200 feet radial road connecting OMR and Velachery, and the prospect of commercial development in the stretch is high making it even more feasible as an investment option. Residential flats for sale in Pallavaram have seen a steady rise because of the coherent progress happening in the region.
6. Porur:
Situated in the south-western part of the Chennai city, Porur is another hotspot to lay your eyes on for property investment. Few IT Special Economic Zones are to transform this region into a critical IT hub after the likes of OMR. Steady and rapid development of real estate sector in this zone makes it a prospective choice to consider. With adequate amenities in and around the area, Porur also has one of the city’s best hospital and medical college in the area.
7. Perungudi:
Situated on the stretch of Old Mahabalipuram Road, Perungudi is another great option to choose for a profitable real estate investment. With access to important areas of the city, it is also home to various IT establishments and the same reason brings in numbers of software and IT professionals looking for settlement in the area.
Wide roads in the OMR stretch cuts down the chances of traffic congestion in the area and a main road easily connects you with Taramani and Thiruvanmiyur for conveneint accessibility.
8. Urapakkam:
Urapakkam is another focal point for real estate developers and promoters with rapid scope for development in the future. Located right in between Guduvanchery and Vandalur, it is just a few kilometers away from Tambaram. Investing on a property at this hotspot would assure a good capital appreciation in the future.
Noted as the gateway to Chennai, it also has sufficient bus and railway services. With schools, colleges and other amenities located in the area; Urapakkam is bound to transform into an integral part of the growing Chennai city.
9. Kelambakkam:
Situated inland from the East Coast Road, Kelambakkam is a growing suburb that sees rapid development in terms of property value. Closer to the sea, this place is constantly subjected to a breezy setting by the winds from the coastal east.
Amusement parks, beach resorts and a reptile park nearby makes it an entertaining suburb that is closer to weekend getaway spots by the coast. Villa style units are already up for sale in this zone at the cost of 3bhk flats in Chennai city and a stable curiosity from the real estate sector makes it a profitable choice of property investment in the near future.
