Chennai has always been at the forefront of the real estate industry, setting and changing trends.
The city is regarded as one of Southern India’s most important cultural, educational, and economic hubs. Its burgeoning IT industry has transformed it into a residential hotspot, fueled mostly by IT and IT-enabled services firms.
People’s home choices in terms of location have also altered as a result of the IT sector, making the suburbs into Chennai’s residential hotspots. The expanding number of IT parks in these locations has benefited some of Chennai’s major real estate developers.
GST Road is a key national route in Southern India that has seen continual infrastructural and other facility development. The route, also known as the Chennai-Trichy highway, is lined with residential and commercial constructions. The demand for residential real estate has increased as a result of various global and domestic corporations establishing operations in the region.GST Road connects numerous important areas of Chennai, including Guindy, Pallavaram, Tambaram, Urapakkam, and others. It is also well-connected to the city’s numerous types of public transportation. Apart from being adjacent to the Chennai International Airport, the neighborhood is served by several MTC buses, ensuring easy access to and from the area. The region has a variety of housing possibilities, from flats to planned projects.
In comparison to the metropolis, Tambaram is a well-developed suburban neighborhood with decent connections, infrastructure, and lower costs. This is beneficial to folks looking for larger homes at a lower cost. Tambaram, a Chennai suburb, is 27 kilometers distant and is part of the Kanchipuram district. Tambaram is located on the Chennai-Trichy National Highway (NH45), often known as the Grand Southern Trunk (GST) Road. It is one of the busiest national highways in the south, with a length of over 470 kilometers. Electric trains operate between Chengalpattu and Kanchipuram. After Central and Egmore, Tambaram is Chennai’s third busiest railway station.
The location was a Chola town in the 8th century and is now the state’s largest Assembly constituency with a high population density. It is a famous residential area in Chennai due to its thriving economy and thriving IT sector. It has a strong connection, enhanced by its road system, connecting ECR to Tambaram, Mudichur, and Adyar to Mahabalipuram. Because of the presence of IT heavyweights like Wipro, Cognizant, Infosys, Trident Solutions, and other IT-enabled services firms, the flood of IT personnel is in favor of the rising real estate industry. It is also appealing because of its closeness to retail centers, schools, universities, hospitals, and other municipal infrastructure. Residential hotspots in Chennai, such as Sholinganallur, have played a vital role in the city’s rise in residential property investment.
OMR (Old Mahabalipuram Road)
Home purchasers are drawn to the OMR corridor for a variety of reasons, including price appreciation and efficient physical infrastructure. The housing market in OMR is seeing a significant surge in various residential developments. Flats remain the most popular housing type, with 1, 2, and 3-bedroom units available. Because there are so many new apartments available, demand in certain regions far outnumbers supply.It is a popular residential location in Chennai, and purchasers frequently inquire about investment opportunities and price appreciation in the stretch. Flats are priced on average at Rs. 4,644 per square foot, while residential plots are priced between Rs. 30 and 70 lakhs.
Thalambur is a popular choice among builders and home purchasers for a variety of reasons. It is close to significant residential districts such as Sholinganallur and Navalur and has a good road network. The location’s importance is enhanced by the fact that it is only 22.5 kilometers from Chennai International Airport. Thalambur, like Sholinganallur, is adjacent to IT centers, which means there are plenty of job prospects. As a result of the resulting migration, it has become one of the most popular residential areas in Chennai. Its proximity to retail centers and other essential amenities makes it a real estate magnate.
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