Are you among the scores of people looking forward to buy an apartment in Chennai? Needless to say, you have arrived at one of the most significant investment decisions and embarked on one of the huge financial journeys in life. You need to exercise caution and act smartly while choosing the place of your dream home.
With a lot of upcoming residential projects in Chennai, which neighborhood will be your perfect destination? Consider the pros and cons of the top 6 investment hotspots in the city. Understand the most popular suburbs and the unique facilities that each one offers for buying an apartment in Chennai.
Top residential hubs for safe investment in apartments in Chennai:
With a growing IT sector and the slew of infrastructure projects on the anvil, Chennai is no doubt among one of the most preferred locations for making an investment in the nation today. Chennai has been rated as a safe city; it has an attraction for people from all social and economic levels. The following are among the areas that are considered as the best places in Chennai for investing in apartments:
Porur is strategically located along the Mount Poonamallee Road. It is connected to other prominent areas such as Nungambakkam via Arcot Road. This neighborhood is within the city limits while being away from the hassles of the core city. Affordable pricing, access to several places of the city, and availability of all essential and basic requirements in the proximity make this suburb the destination of builders and home buyers alike.
The upcoming IT SEZs are about to make this resourceful suburb the next big IT hub in the city. Residential apartments in Porur are much in demand for the following factors:
- Adequate amenities
- Affordable pricing
- Better ROI
- Proximity to Ramachandra Medical College and MIOT hospital
- Fast-developing IT hub
- Excellent connectivity with city and outstation
- Existing industries and infrastructure
- Freshwater lake
Vanagaram is a rapidly developing area. It is one of the few localities in Chennai that offer the twin advantages of a calm, peaceful life as well as all the charms of the city. This typical residential neighborhood is located in north-east Chennai, and well-connected to other significant places by the Poonamallee High Road. Property prices are on the rise, making this area an investor’s dream location.
Vanagaram is just around 15km away from the city’s airport and Chennai Central. This temple-filled neighborhood provides a divine living experience, making flats in Vanagaram Chennai the most preferred homes.
The salient factors that make Vanagaram one of the most sought-after neighborhood:
- Excellent infrastructure
- Well connected with other areas
- Availability of good water resources
- A residential area that offers a peaceful atmosphere
- Equipped with several reputed educational institutions
- A fast developing commercial center
Medavakkam, the sprawling, fast-developing residential area, falls under the Chennai Municipal limits, located in the south of the city. Touted to be an investment hotspot, Medavakkam has been witnessing substantial growth during the recent past. Being strategically situated close to the OMR and the SEZ, it holds the promise for further development in the future. It is enriched with commercial establishments, schools, health care facilities, and all essential social and financial facilities. This place is about to develop in unprecedented ways. This makes new flats for sale in Medavakkam, Chennai, hotcakes.
Factors that make new flats for sale in Medavakkam Chennai special:
- Proximity to both OMR and ECR
- Excellent social infrastructure
- Abundant employment opportunities
- Uninterrupted water supply
- High ROI
The serene residential neighborhood of Perumbakkam is situated in South Chennai. This fast-growing area has been added to the Greater Chennai Corporation jurisdiction recently, making it one of the prized locales to have your home in. People looking forward to buy apartments in Chennai for investment can be assured of good financial returns. Those who wish to lead a relaxed and comfortable life will get more than what they expect by buying an apartment in Perumbakkam, Chennai.
Key benefits of buying flats in Perumbakkam Chennai:
- Proximity to major IT companies
- Charming residential area with all amenities
- Excellent road and rail connectivity
- Increasing property prices
- Sufficient water resources
One of the prospective neighborhoods in the northern part of Chennai, Ambattur houses myriad industries and IT organizations today. This neighborhood, once home to innumerable manufacturing units, is bubbling with multi-fanged re-development activities, thanks to the exponential growth of IT and financial organizations. This formerly industry-filled locality is now one of the most preferred residential areas in the city.
Catering to the needs of the people from various fields, apartments in Ambattur are much in demand. This old and acclaimed area has come up with significant facelift and rejuvenated potential, thanks to luxury apartments coming up here.
Reasons for the large-scale residential activity in Ambattur:
- Existing social and economic infrastructure
- Proximity to other industrially-developed areas
- Being the home to huge MNCs and business conglomerates
- Boisterous, multi-faceted industrial-cum residential hub
The key factors that anyone looking to buy apartments in Chennai would seek are robust social infrastructure, health care and educational institutions, proximity to well-developed areas, and unlimited employment opportunities. The neighborhoods mentioned above have all these, and a lot more. These are among the best places to invest in the year 2020!