Chennai’s real estate market is booming each day and every day new areas are developing and building homes. With so much happening in the market, today we are going to compare two up and coming areas in real estate. Now a lot of you may or may not know this but one of the best forms of investment that is on the market today is buying and selling houses. Investors purchase a small house and then would rent it out to another tenant by way of third parties or seeking them out. Either way, this is a good way to invest your money as there will always be a need for houses and tenants.
Now that we have that little bit of information the two areas that we are going to look at today is Ayanambakkam and Vanagaram. We are going to look at these two areas from an investor’s point of view and see which place is better to invest in.
This particular locality is near Avadi and is surrounded by Red Hills lake, Oragadam, Ambattur, Avadi. There are a lot of green belt areas that give way to railways and temples. The locality is about twenty-five km from the city center (not to be confused with the shopping complex)
The Annaur railway station is a popular form of transport here as it provides train service to Chennai. There is also the Chennai Tirupati National Highway, the Avadi car shed complex and at present, NH 205 is being widened to accommodate more vehicles.
There are a large number of projects that are going on in Ayanambakkam and you can see them all at 99 acres. Currently, there is a total of thirty-one ongoing projects, namely the S and P essence, Casa Grande Cedars and AKS sunstone. More than seventy completed projects are available at Ayanambakkam and the price range is suitable for all people. If you are feeling hesitant, there are more than ten dealers to help you locate the property you want.
The recent developments here are the sixty feet of railway road which stretches from the railway station to Murugappa Polytechnic. There are also many students from various colleges that stay here due to the proximity to both railway and roadway. As a result of this more dorms and hostels are being constructed by independent contractors in an effort to answer the demand
Vanagaram is a residential neighbourhood in the suburb of Chennai, strategically near Poonamallee high road and less than 10 km’s from Ambattur. Many real estate companies know that it has always been a smart and affluent residential suburb which is why it has been one of the fastest developing parts of the city. In recent times, Vanagaram has become a busy commercial and educational center as well.
It provides easy access to arterial roads like the Poonamallee high road and other important commercial and residential hubs like Ambattur, Porur, Arcot road, Chennai Bypass road and Vadapalani. This feature is what attracts a lot of end users who look at this location from a real estate perspective.
According to well known websites like 99 acres, there are nearly forty new projects that are going on in Vanagaram at the moment. Some of the more famous ones are the KamalamPorur Square, AauxinDhaksha, S and P residency and Alpha Gladiolus. There are more than fifty properties available for everyone. Urban Tree Infrastructures has a fantastic property in the area which is worth investing in.
A road development network has been proposed and elevated corridor projects as a part of the CMDA’s master plan. It goes without saying that Vanagaram is on the road to development. Just a few improvements here and there and Vanagaram could one of the best localities of Chennai.
While both areas do have a lot of opportunity for real estate development, we are placing our bets on Vanagaram due to its high potential and property appreciation values.