Best Place to investments in south chennai

Chennai is a major metropolitan city that has undertaken rapid urban and rural expansion projects in the last 15 years, to make way for industrial development. A number of large scale housing projects in the larger metropolitan area of South Chennai has made the area extremely favourable for investments. 

If you are looking for the best places to buy property in Chennai in 2021, you need to consider the high value locations in South Chennai. 

Top 5 locations in South Chennai.

Pallavaram:

One of the fast growing suburbs in South Chennai, this high growth market already boasts an admirable physical and social infrastructure. As a highly connected zone with neighbouring metro rail stations and its own local train station as well, travel is never an issue here. The Chennai International Airport is just a 10 minute drive away. With the presence of several IT parks and hospitals nearby, a vast employment opportunity presents itself in Pallavaram.

Several infrastructure projects are also in the pipeline in the areas near Pallavaram, .such as the proposed extension of the Pallavaram-Thoraipakkam Road up to ECR (East Coast Road) and the metro corridor along OMR-Medavakkam.chennai-Theni Highway. With several retail outlets setting up shop in the area, Pallavaram offers a cohesive shopping experience for families nearby. 

Several IT firms Alvo Tech, Athena Technology, Hexacorp and Rexip and others are placed in and around Pallavaram, making it a good place to invest in property in Chennai. With the proposed commercial expansion in the area, the price of property is showing an upward trend. The rental rates in the area have already showcased a seven percent upward trend on the back of growing demand from the working populace.

Pallavaram also promises smooth connectivity to the neighbouring areas of Madipakkam, Nanganallur, Medavakkam, Adambakkam, Velachery and Perungudi. 

Singaperumal Koil:

Singaperumal Koil is a fast growing suburb that has become an important investment opportunity for those looking to buy property in South Chennai. Located between Chengelpet and Maraimalai Nagar, this area is at a close distance from two massive IT tech parks; Mahindra City and Zoho. With easy connectivity to the Oragadam area via the GST- Sriperumbudur road, Singaperumal Koil has seen a sharp rise in demand for real estate investment in the last 10 years. Affordable apartment housing or plots are available in and around the area. 

Residential Plots In Singerapermual Koil

Oragadam:

Located around the GST Road, Oragadam is a key real estate area in Chennai.  As one of the biggest industrial belts in Southeast Asia, this industrial belt hosts 22 Fortune 500 companies and numerous IT/ITeS firms. The high growth economy is fuelled by connectivity to important micro-markets such as Chromepet and Tambaram. With the Koyambedu bus stand, the Chennai Central Railway Station, Chennai International Airport at an easy distance from the area, Oragadam offers easy access to all parts of Chennai. 

The Oragadam area has a mixed option of real estate, ranging from luxurious villas to affordable apartments.Competitive pricing, heterogeneous real estate options and self sufficiency with relation to healthcare, retail outlets and entertainment makes Oragadam a profitable real estate investment option. 

Plots in oragadam

The area is also set to experience an industrial boost with the establishment of the  Oragadam Industrial Corridor Road. Tamil Nadu Road Infrastructure Development Corporation (TNRIDC) will be developing this 300 crore project along with the State Highways department to accelerate the growth of the industrial activities in the  Oragadam-Sriperumbudur cluster and boost connectivity between the Grand Southern Trunk (GST) Road and the Grand Western Trunk Road.The capital rates are expected to boost due to the improved housing demand that will arise due to this project. 

Vandalur:

Vandalur is one of the fastest growing commercial belts in South Chennai. With easy access to Kelambakkam, Vandalur has had a recent boost in commercial real estate projects from India’s biggest developers. The belt is also in close proximity to SRM Institute, Vellore Institute of Technology and Zoho IT park, making it a very attractive location for investing in real estate. The demand for housing has shown a positive upward trend since the last five years and is projected to increase in the next five years. The establishment of schools like Vidya Mandir and Shankara Vidyalaya stands in support of the fact that these locations are facing a real estate boom. 

Chrompet:

Chrompet area is an extremely well connected and planned neighbourhood, that has seen a steady increase in settlement through the years.   Furthermore, the rising demand and the upward trend of the real estate price in Chrompet shows that buying real estate in Chrompet in 2021 would reap high rewards in the near future.  . There will be excellent appreciation of property rates in the area and with a number of projects, which are being developed, the area will only grow further.

South Chennai and Greater Chennai areas have seen a steady investment in industrialization and development of IT companies. This has resulted in high demand for property in these areas, making it an ideal location for investment. If you are looking to buy or build your dream house, choose Wisdom Properties as your real estate partner!