Real estate investment comparison for major trending locations of Chennai Click here for ongoing projects
- Sweet Potable Water
- Good Connectivity
- Less Pollution
- Proposed MRTS
- Proposed VandalurMofussil Bus Stand
- Better return on investment in the next few years
- Water Scarcity in Some Areas
- Local Electric train
- Lack of property choice
- Polluted by Industries
- No Vaccant Plots for further developments
- Poor Infrastrucure
- water Scarcity & Saline ground water
- No Proper Transportation Facility
- Lack of Major Bus Terminus
- Congested with offices and residential apartments
Real Estate Investment in Chennai – Why its preferred choice among Investors
Even though all the metros in India were witnessing rapid developments in terms of infrastructure, residential and commercial segments, the Chennai city continues to be the most preferred destination for real estate investment. The existence of global companies in the city has certainly made a huge impact on the real estate market of Chennai to grow further. Apart from it, the IT companies and automobile industries in the city have also increased the household income, which resulting in remarkable changeover in the lifestyle of the people living in Chennai. As a result, the city is witnessing an incredible demand for residential and commercial properties in recent times. Thus, the real estate investment in Chennai continues to best the choice among the construction companies and real estate developers.
Property Investment in Chennai - Reasons for Demand
Chennai’s real estate is experiencing a great time with the increasing demand for both residential and commercial properties soaring high. Therefore, real estate investment in Chennai has been the hotspot for the real estate companies across the country. Following are the reasons why property investment in Chennai is on high demand.
The key feature of the Chennai city is its strategic location with the advantage of having access to airway, railway and sea networks, which is not available in all the other metropolitan cities of India. Owing to this advantage, the leading global companies across the globe prefer the Chennai city for business startup. The establishment of Multinational Companies, development of IT corridors and upcoming shopping malls in the urban center has raised the demand for commercial real estate properties in Chennai.
Along with these commercial developments, the demand for residential properties in Chennai has increased among the people of Chennai. Further, the capital appreciations of the residential properties have climbed-up rapidly in the past few years. Besides, the recent infrastructure initiatives by the state and central government has played major role in booming the residential real estate market of Chennai. Some of the major infrastructure developments that the Chennai city has witnessed in recent time are the metro rail project (ongoing), development of Outer Ring Road and Inner Ring Road.
Recent Hotspots in Chennai for Residential Property Investment
In recent years, the outskirts of the Chennai city are making a huge impact on the residential real estate market. As the government of Tamil Nadu has planned to develop satellite townships in the Chennai city’s outskirts, the price appreciation of the residential properties located in the suburban areas have increased to a great extend. Besides, Chennai’s important commercial and IT corridors are located in its outskirts. Thus, the residential demand is high among the working professional in the outskirts of the Chennai city.
Following are the highly demanded property destination of Chennai in recent times;
Chennai Outer Ring Road (ORR) – Due to its connectivity advantage to the major places of Chennai, its surrounding areas are witnessing an increased capital appreciation of the residential properties. The real estate companies have been engaged in developing more commercial and residential developments in ORR Chennai, as there are heaps of open lands available along its stretch
GST Road – The areas along the GST road has been the most preferred destinations among the property investors or home buyers. With the advantage of good infrastructure and easy access to Special Economic Zones (SEZs), the residential properties along the GST road highly demanded in the recent times
OMR – Being a Chennai’s major IT corridor, the requirement of home is high among the working professional in the surrounding areas of OMR. However, the residents of OMR are facing many difficulties in terms of poor infrastructure and water scarcity in the recent years.
Ongoing residential projects near Orr Chennai
| Location | : Near Chromepet, Chennai, Tamilnadu |
| Features | : Parking, Fitness, Swimming pool, Play area, Garden |
| Bedrooms | : 1-3 BHK |
| Built-up Area | : 553-972 Sq/Ft |
- 20 Mins drive from Airport
- 15 Mins drive from Chrompet railway station
- 5 Mins drive from 400ft Outer Ring Road
- 5 Mins drive from Kundrathur Bus Terminus
- 70% Open area, thereby guaranteeing fresh air and a great place to live
| Location | : Chromepet, Chennai, Tamilnadu |
| Features | : Parking, Swimming pool, Play area, Garden, Security |
| Bedrooms | : 1-3 BHK |
| Built-up Area | : 430-1332 Sq/Ft |
- Studio & duplex apartments
- 15 Minute drive from airport
- 5 Minute drive from railway station & 0.5 km from 400 feet ORR
- Pollution free environment
- Only 10 kms from vandalur to 400 feet road
| Location | : Chromepet, Chennai, Tamilnadu |
| Features | : Parking, Swimming pool, Play area, Themed Garden, River View |
| Bedrooms | : 1-4 BHK |
| Built-up Area | : 651-1912 Sq/Ft |
- Island apartments
- Floating apartments
- Hanging apartments
- E-deck apartments
- Well Connected by roads and rails and very close to GST road and ORR chennai
