Discover the top-secret residential area to invest in Chennai hideaways
Chennai is the capital city of Tamil Nadu, provides a wide range of possibilities for Indians. Chennai is often referred to as “The Detroit of India,” as it is home to more than one-third of India’s automobile industry
Chennai is well-known for its outstanding infrastructure facilities and the city has seen significant growth in terms of the number of emerging and rapidly growing residential and commercial centres over the years. This can be attributed to the high standard of living, the city’s status as among the most important contributors to the IT industry, film industry, textile industry, and the availability of prestigious educational institutions which greatly contribute to the growth of the Chennai real estate sector.
Chennai, Tamil Nadu’s illustrious capital, has seen an expansion across the city. Despite the fact that the rest of the world was declining, investment in Chennai doubled for a number of reasons.
Chennai offers a close community that is safe for its residents, in addition to excellent life quality and infrastructure. The demand for residential projects in and around these areas has risen as a result of having so many options that are available for purchase, finding the ideal home can be difficult. There are lots of areas in which anyone can invest and, without a doubt, earn higher and faster returns on investment.
Here are the top 3 places in Chennai that offer exquisite and peaceful living options:
Porur: Porur is located in the west along the Mount Poonamallee (MP) Road. It has grown into a well-known IT/ITeS hub in the city. IT parks such as the Ascendas Hi-Tech Park, DLF IT Park, and WS-IT Park characterise the area and have attracted significant commercial investment while also providing a platform for the development of residential areas.
Porur is well-connected to other areas, which is one of the main reasons why it is regarded as one of the best residential areas in Chennai. This includes easy access to Guindy, Valasaravakkam, and Virugambakkam. In the coming years, the proposed Porur-Vadapalani metro corridor is expected to increase connectivity as well as prices.
Several large corporations have made investments in the area’s real estate sector in recent years. As a result, Porur now provides housing options ranging from multi-story residences to independent floors. Several good realtors in the area are Ramani and StepsStone. The average investment value ranges from Rs 4,420 to Rs 5,350 per sq ft.
Ambattur: Ambattur is a popular residential area in Chennai. The social infrastructure is especially well developed, with several well-known schools (St. NIIT, Peter’s Engineering College, and Velammal Engineering College) and hospitals such as (Sir Ivan Stedeford Hospital, Teja Hospital), malls, and shopping centres like (J. M. Shopping Centre) and because of its status as a major religious and emerging residential hub, the facilities and aesthetics are first-rate.
Surappattu: Road, Jawaharlal Nehru Road, Kallikuppam Road, Chennai Bypass Road, and Tonakela Camp Road connect Ambattur to major roads. This allows for the smooth transportation of commodities by road. Furthermore, the Ambattur Railway Station and the Pattaravakkam Railway Station connect Ambattur to the surrounding areas. The Chennai International Airport is 23 kilometres away.
Initially, the area was dominated by ancillary industries producing automobile parts that were shipped to larger industries in city centres. However, in recent years, Ambattur has seen the emergence of autonomous automobile industrial estates as well as information technology companies, which have completely transformed the city. Companies such as Heavy Vehicles Factory, Brittania, and Jaya TV are located nearby. Creations Manchester, Praneel Elegance, RWD Lemongraz, and JR Castle Town Phase 1 are some of the most popular real estate projects in Ambattur. The average investment value is slightly higher due to the presence of the emerging commercial hub, at Rs.7289.5 per Sq. Ft.
Oragadam: Oragadam, located alongside the Grand Southern Trunk (GST) Road, is a city real estate destination of the future. Oragadam is home to 22 Fortune out of 500 companies as well as numerous IT/ITeS firms, in addition to being Southeast Asia’s largest automobile hub. Economic growth is also fueled by easy access to key thoroughfares and micro-markets such as Chromepet and Tambaram. The Koyembedu Bus Stand and the Chennai Egmore railway stations are also nearby.
The Chennai Metro has made it easier to travel within the city. The Chennai Salem Expressway has greatly simplified commuting. Aside from that, the Potheri Railway Station provides access to the surrounding cities. Chennai International Airport is also nearby. Although the social infrastructure is not as developed as in Porur, the area is distinguished by an increasing number ofeducational institutions, banks, and hospitals centred on residential projects and complexes.
Accord Aero City,Casagrand Arena, S&P Fortune, and TVS Emerald Flourish are some of the major residential projects in Oragadam. The average capital price ranges from Rs 3,300 to Rs 3,800 per square ft.
Pallavaram: Pallavaram is among Chennai’s best-connected micro-markets and residential areas. The Chennai-Theni Highway and the Outer Ring Road, also known as NH 45, are conveniently located at the intersection of the Old Mahabalipuram Road (OMR) and the Pallavaram-Thoraipakkam Road. Pallavaram is linked to Madipakkam, Nanganallur, Adambakkam, and Perungudi. The Chennai International Airport is only about a 5-minute drive away.
Because of its strategic location, a plethora of affordable housing options are emerging in the region, which has helped turn it into a boon for buyers. The average property price ranges from Rs 5,100 per sq ft to Rs 7,000 per sq ft. The most well-known builders in the area are Alliance Group Builders, Agni Estates and Foundations Builders, and Mantri Developers. Pallavaram has seen the rise of numerous IT firms such as Alvo Tech, Hexacorp, and Rexip.
Disclaimer: The views expressed above are for informational purposes only based on industry reports and related news stories. PropertyPistol does not guarantee the accuracy, completeness, or reliability of the information and shall not be held responsible for any action taken based on the published information.
