Which is Advantageous - Buying Plots in Chennai or the Outskirts of Chennai?

With the recent budget favouring real estate and the expansion of the Make in India program, Chennai has emerged as one of the best and hottest destinations to invest in real estate. IN fact, it is one of the top realty destinations in the world and the strong IT background and stamp as a manufacturing hub have contributed to make Chennai a sought-after destination.

Given the macroeconomic growth and the expansion of the city, we can definitely say that buying plots on the outskirts of Chennai is definitely the best deal. What were once considered the outskirts of Chennai like say Padi and Ambattur have been recently added to the city limits and all facilities have been extended to these areas like metro water, central sewage connection etc.

Some of the advantages of buying plots outside Chennai are

1. Affordability

No doubt that a plot of land within Chennai will fetch its weight in gold. But with the emergence of rapid development, joint ventures with flat promoters etc, land and plots in Chennai are becoming scarce. Also, a plot within Chennai is extremely expensive and can run into crores of Rupees. This is not the case with the outskirts. For a few lakhs, individuals can buy a plot of land and look to build their dream home.

2. Water

Chennai has faced and continuous to face acute water shortage, especially during peak summer. This is only going to get worse with the city growing. The density of population will put extreme pressure on natural resources like water. When buying a plot on the outskirts, especially plots for sale in Oragadam or plots in Guduvanchery, there is absolute peace of mind with regard to water. Further, due to excess exploitation of the water table, the ground water in many places in Chennai is salty or even yellow in colour. This is never the case with plots in the outskirts.

3. Smart Investment

Chennai or for that matter any city, will only keep expanding out. Thus, any investment today will deliver exponential returns at a future date. Once upon a time, areas like Tambaram, Perungalathur and Chrompet were considered the outskirts. Today, they are one of the busiest centres and have been included in the Chennai metropolitan area. A recent bill has also been passed to include and enlarge the footprint of Chennai.

4. Good Rental Possibilities

With most of the IT parks and other companies located on the outskirts of Chennai, there is good possibility of rental income from properties. So even if one were to invest in a plot and build a home, the rental income can more than cover the cost of the same.

5. Excellent Connectivity

The outskirts have excellent connectivity with both the city and any other outer areas. Whether it is public transport or private taxi etc, assured connectivity is the norm. The metro rail project is also being extended to many areas.

Some of the best projects in and around Chennai are

• Thirumathi Saroja Srinivasan Twonship Maraimalai Nagar
• Guduvanchery - Othivakkam Village
• Guduvanchery - Kalvoy Village
• Guduvanchery - Perumanttunallur
• Urapakkam - Karanai Puducherry
• Singaperumal Koil - Karunilam Village.
• Oragadam - Ezhichur Village
• Oragadam - Thathanur

If you are looking for Plots in Guduvanchery, Plots for Sale in Guduvanchery Nellikuppam, DTCP Approved Plots sale in Oragadam, property for sale in maraimalai nagar, farmlands or even commercial projects, Wisdown properties is the best company to engage with.

About Wisdom Properties

Wisdom Properties is a the best real estate company in Chennai and they offer holistic solutions and excellence with their variety of products like plots, farm land, villas and even plots for commercial companies and projects.

The best part about Wisdom Properties is that all their properties are free from any sort of encumbrance. The plots are affordable and offer excellent value for money. Since many are located in the emerging suburbs and hotspots of Chennai, there is excellent potential for appreciation. The company is run by professionals with deep experience in real estate and brings focus, innovation and integrity to all activities.

Since they have an excellent reputation and tie-ups with leading financial institutions, Wisdom Properties is able to help prospective buyers with loans as well. For more details, contact Wisdom Properties at 91- 93606-93606 or sales@wisdomproperties.com