Which is the best suburb to invest in Chennai?

Introduction

Chennai is considered one of the best metros to live in, from among all other metros such as Calcutta, Mumbai, and Delhi. It is considered a safe haven for women and the infrastructure is much better than other cities. So it is no wonder that people want to invest in real estate properties in Chennai. The suburbs have come under immense scrutiny for its access to facilities, overall location, affordability, and future potential for growth. So it is not surprising to see advertisements showing DTCP approved plots in Oragadom or approved plots near Kancheepuram or DTCP approved plots in Sriperumbudur either in the papers, on billboards on the highway, or from telemarketing callers seeking your interest in investing in such properties.

The Best Suburbs to Invest in Chennai

The most popular type of apartments or real estate properties is the ones which are available for immediate occupation rather than the long wait of the construction completion and the final handover. Suburbs have gained attention in recent times due to their affordability.

– Premium locations have become way too expensive to give it even a second thought. So buyers have naturally turned their attention to their next best choice, which gives them the maximum benefits.

– Suburbs offer a wide range of housing projects and provide a lifestyle that is compatible with the needs of the potential home buyer.

– These ready-to-move in properties are armed with attractive and essential amenities such as access to supermarkets, transportation systems, including being supportive of a greener environment.

Chennai’s real-estate landscape has undergone a sea of change. The Chennai suburbs which were originally farmlands or industrial areas is not rapidly changing into residential areas. The metro-rail project that aims to connect people across the city has made the deal a lot more sweeter now.

– Popular suburban areas like Padi, Mogappair, Ambattur, Korattur, Sriperumbadur to name a few examples.

– Some of the other finer neighbourhoods that have become immensely popular and expensive are Nungambakkam, Adyar, Teynampet and Tambaram.

Buying a home may look easy, but considering the burden of loan repayments and raising a family can prove to be a costly affair. So it is important to research on the potential areas you are interested in before choosing to move forward. Chennai’s suburbs offer a wide range of affordable home-buying options with facilities to choose from.

For example, Medavakam is well known for its proximity to the Old Mahabalipuram Road, Velachery, Palavakam including its connectivity to various IT parks. As the area continues to develop at a fast pace, the real-estate prices have also seen a definite appreciation in recent years. Adjacent areas such as Madipakkam have also garnered a lot of attention due to its transportation facilities and proximity to IT companies.

Popular real-estate websites online, as well as print magazines, provide immense updated content catering to the real-estate scenario and rating for each area. So it is also important to do your research to determine, which location is most suitable for your needs and those of your family within the monetary constraints.