Located in North-East Chennai, Vanagaram is counted among the prime residential suburbs in the city. Investors are now getting even more bullish about Vanagaram, as several new infrastructure projects have been planned in the area. For example, there’s the elevated corridor project and the road development network, which are expected to boost the local economy and give a fillip to real estate development in the area. There are various other reasons, as to why Vanagaram is a good locality to invest in property. Here are some key factors that explain how investing in Vanagaram homes increases the value of your money.
#1. Well-developed infrastructure
Neighbourhoods with good infrastructure are always preferred by people and Vanagaram gets top marks in this aspect. New infrastructure projects have been planned in and around Vanagaram, which will further improve livability for residents. Vanagaram’s social infrastructure is also well-developed, as one can easily find good schools, colleges, hospitals, shopping malls, hotels and restaurants in the neighbourhood.
#2. Good connectivity
Vanagaram is located at the junction of major roads, which have ensured seamless connectivity to the rest of the city. NH32 passes through Vanagaram and it is also flanked by NH48 and Mount Poonamalle High Road. These arterial roads are advantageous for people who work in different parts of the city and have made Vanagaram their home. Catching a metro train is also easy, as the nearest metro station is located just 4 km away at Koyambedu.
#3. Upscale neighbourhoods
Vanagaram is not very far from affluent residential neighbourhoods such as Anna Nagar, T Nagar, Nungambakkam, Egmore, etc. This is why residential spaces in Vanagaram come at a premium. People like to live in Vanagaram, as it makes it easier for them to explore the best that the city has to offer.
#4. Consistent demand
A number of IT parks are located in Ambattur and along Poonamalle High Road. Professionals working at these locations prefer to live in prime residential hubs such as Vanagaram. Many of them have rented homes in Vanagaram and there are also professionals who have purchased properties in the area. This has ensured a consistent demand for sellable properties and rental homes in Vanagaram.
#5. Proximity to airport
One of Vanagaram’s major advantages is that it is close to the airport and yet not very far from the city centre. Vanagaram’s location is like the best of both worlds, as one can easily journey to the main city and get quick access to the airport as well. Vanagaram is around 16 km from Chennai International Airport in Meenambakkam and it takes just 30-40 minutes to get there.
#6. Fun and recreation
From Vanagaram, it’s easy to reach some of the most popular destinations in Chennai. There are various lakes and water bodies, Guindy national park, ancient forts and monuments, museums and other attractions that are easily accessible from Vanagaram. ECR Road is also not very far, which is counted among the most scenic coastal routes in the country. ECR is the gateway to some of the most popular beaches in Chennai and top quality hotels and holiday resorts.
All these factors ensure that Vanagaram has a steady demand for sellable properties and rental homes. This boosts property prices and rental yields on a consistent basis. Another thing is that prime residential suburbs such as Vanagaram remain largely immune to cyclical ups and downs that the realty sector may experience from time to time.
If you invest in Vanagaram homes, you can get good returns in the medium to long-term. Till you come across the most opportune time to sell your property, you can let it out and earn rental income. Your investment in Vanagaram homes will be a profitable deal, as it will be a safe bet and the value of your money will keep increasing.