With Chennai developing as an IT and real estate hub, we felt the need to research and list down a few places which offer the highest capital appreciation and shows consistent growth rate. Chennai has also been identified as a real estate investment hotspot and has clearly showcased excellent potential for steady development as well. Here are 5 top places to buy residential plots in Chennai.
It lies in the central part of Chennai and is the activity hub of the city. It gives space to many prominent chemical and manufacturing plants and has a large number of fruits & vegetables market.
Average Price/sq.ft: 5300- 5500 Rupees.
Connected with Shollingnallur on the eastern side and Medavakkam on the northern side, it forms a trio which together has the largest number of real estate projects in Chennai. It is closely located to OMR and the IT corridor. The neighboring suburb Shollingnallur is also an IT hub and a Special Economic Zone (SEZ).
Average Price/sq.ft: 4400-4600 Rupees.
It is located near OMR, Madipakkam and Medavakkam with plenty of real estate projects in the locality. It is also close to the IT hubs Shollingnallur, Siruseri and Kelambakkam. The capital appreciation at Velachery is on the higher side and one would find flats for an average price of Rs. 70-75 lakhs. It is connected to the well-engineered GST road while the airport is only 8.5 Kms away from here.
Average Price/sq.ft: 6894-7000 Rupees.
It is connected with the city by an efficient railway and bus service. SRM University is also closely located to this place. The property here is affordable and one can get flats here starting from as low as Rs. 20 lakhs.
Average Price/sq.ft: 3627-3800 Rupees.
Located close to Shollingnallur and Velachery, it is a part of the fast growing southern region of Chennai. It enjoys the benefits of being closely connected with the airport, IT hubs and SEZ zone. However, the property prices are cheaper than Velachery, ranging between 40-60 lakhs.
Average Price/sq.ft: 4500-4700 Rupees.
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