Properties in Chennai

Top 5 Places to Buy Residential Plots in Chennai!

Written by Team Urban Tree

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.

1. Porur

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.

Source: The Hindu

Source: The Hindu

Average Price/sq.ft:   5300- 5500 Rupees.

2. Perumbakkam

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).

Source: Sulekha Property

Source: Sulekha Property

Average Price/sq.ft: 4400-4600 Rupees.

3. Velachery

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.

Source: Sulekha Property

Source: Sulekha Property

Average Price/sq.ft: 6894-7000 Rupees.

4. Guduvancheri

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.

Source: 99 Acres

Source: 99 Acres

Average Price/sq.ft:  3627-3800 Rupees.

5. Medavakkam

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.

Source: The Hindu

Source: The Hindu

Average Price/sq.ft: 4500-4700 Rupees.

Are you searching tirelessly for a place to buy a house at? Your search stops at Urban Tree Properties.

We offer luxury flats with world-class amenities and services at affordable rates! For more details, visit www.urbantree.in

About the author

Team Urban Tree

Urban Tree are the creators of magnificent homes in Chennai. Urban Tree is committed to creating world-class homes featuring innovative new styles that are meticulously integrated into every aspect of modern day living.

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