Best Place For Real Estate Investment In Chennai

2024-01-24

Real Estate Investment

The real estate market is a dynamic that must be navigated through real-time investment in projects that have a lot of potential. Chennai, the illustrious capital of Tamil Nadu, has seen an increase in investment across the city. Even when the rest of the nations saw a decline, investment in Chennai doubled and tripled due to several reasons.

Chennai offers a well-knit community that is safe for its residents, in addition to an excellent quality of life and infrastructure. There are many areas where anyone can invest, without fail can get more and quick returns on investment.

Here’s a list of the best places for real estate investment in Chennai: -

1. Mogappair:

Mogappair is located in the center of the city. It is a very well-connected area from Anna Nagar at a time difference of 10 minutes. The Koyambedu railway station is also nearby, providing easy access to residents who need to leave the station along with other parts of the city.

Mogappair is one of the few areas around Chennai which is very promising in its return on investment. Prices are not yet high as this is an upcoming area. Prices are likely to shoot quickly over time due to the desirable features offered by Mogappair.

The Ambattur Industrial Estate, a major job market area, is very close to Mogappair and is cited as one of the reasons for Mogappair's rapid residential development. Ambattur has two popular IT parks; Ambit IT Park and One Indiabulls Park.

Top Schools & Colleges:

• Chennai Corporation Primary School
• Ravindra Bharathi Global School
• DAV (Girls and Boys) School
• Mar Gregorios College of Arts & Science
• MMM Academy of Medical Sciences
• Thai Moogambigai Polytechnic

Best Properties in Mogappair:

• Casa Grand Tudor
• KG Signature City
• Brigade Xanadu
• Brigade Bonito

2. Manapakkam:

Manapakkam is one of the places to visit in Chennai. It is witnessing a boom in residential projects and many people are planning to buy flats for sale in Manpakkam. Though the place is a little far from the center of the city, rapid development has made it a center of urban attraction.

The place has become an affordable and premium residential area. Whether you are looking for 2BHK flats in Manapakkam or 1BHK, apartments here are affordable and some working people can buy them easily. At the same time, these flats are constructed by reputed builders.

When you invest in a house you need to ensure that it has all the necessary facilities. These facilities are schools, other educational institutions, hospitals, clinics, parks, gardens, etc. There are many properties for sale in Manapakkam Chennai, proximity to these facilities is a very attractive opportunity to stay here.

Best Properties in Manapakkam:

• Casa Grand Primera
• BBCL Stanburry
• Casa Grand Woodside
• Casa Grand Castle
• TVS Emerald Peninsula

3. Pallavaram:

• Affordable prices currently especially considering the growth curve expected.
• Excellent connectivity within the city and movement for in and out of the city
• Already existing admirable physical and social infrastructure
• Property prices in Pallavaram range between Rs 5,000 and Rs 6,000 per sq ft and 65 percent of the residential demand are from this segment
• Metro rail network in the adjoining areas
• Presence of excellent employment opportunities and further investment expected for IT parks and other sectors
• Experts point out that several infrastructure projects are also in the pipeline in the adjoining areas. Such as the proposed extension of the Pallavaram-Thoraipakkam Road up to ECR (East Coast Road) and the metro corridor along OMR-Medavakkam.
• Retail therapy – established retail showrooms along the belt that leaves one not asking for more.
• The airport is a 20 minutes’ driving distance from Pallavaram.
• The regions have numerous realty options for home buyers, as per one’s budget.

Best Properties in Pallavaram:

• Radiance The Pride
• Alliance Galleria
• TVS Lighthouse
• DRA 90 Degree

4. OMR:

Old Mahabalipuram Road, OMR is popularly known as IT Corridor as it has a popular IT hub and other growing workplaces. A person can experience the paradigm of luxury by investing in OMR. After the establishment of RERA, buyers get the benefit of transparent and clean transactions.

This area is rapidly transforming into job-generating groups hosting various IT and financial services companies. This contributes to the opportunity for increased rental income for families and single businesses.

Many builders have taken this route by reducing the average apartment size and thus reducing the price. This is very convenient for millennials who are comfortable with the idea of co-living.

In addition to budget-friendly options, a portion of OMR also allows for quiet luxury homes. This part is an ideal place where you can relax in peace as it has beautiful landscapes that offer breath-taking views.

Best Properties in OMR:

• Akshaya Today
• Akshaya Homes
• Alliance Urbanrise jasmine Springs
• Allaince Humming Gardens

5. Mangadu:

Properties in Mangadu are relatively more affordable than in other parts of the city. Plots and properties here are an ideal investment option for buyers looking for a home in Chennai at affordable prices. Residential units in Mangadu come in various styles and formats and hence they can be selected for investment according to one's life requirements and lifestyle.

Mangadu is generally famous for its Kamakshi temple. The area is surrounded by Porur, Thiruverkadu, DLF IT Park, Poonamallee, and Kundrathur, which is a major positive destination. The reason these areas are near is that Mangadu made it into the realty map of Chennai.

Best Properties in Mangadu:

• Atlis Ashraya
• TVS Emerald Green Enclave
• Shriram Divine city apartment
• Shriram Divine city Villa

So, these are some best places for real estate investment in Chennai. So, if you are interested in buying a property in this area call our property expert at +91-6366782381

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