Middle Class and Luxury Housing in Chennai

Porur, East Coast Road and Oragadum, are just a handful of real estate locations in Chennai with excellent residential developments catering to end users,

As one of the most cosmopolitan cities in the country, Chennai has a diversity of inhabitants hailing from all over the India, indeed, from all over the world. As a result constructing property in Chennai is a real estate developers dream with ample demand for housing from all segments of home buyers.

 

Let’s first look at Porur a well-connected western suburban of Chennai. Due to the presence of 3 IT parks in Puror, many IT companies such as iGate, IBM and Cognizant have offices in Puror. This makes Puror’s real estate desirable to end users, many of whom work in Puror itself.

 

Some of the top builders in Chennai such as Sidharth, Urban Tree, and Akshaya are or have already completed residential developments in Porur.  Urban Tree offers 2 BHK flats in Chennai at Puror priced just under70 lakhs. The property was completed last year and makes for a good investment due to great connectivity with the rest of Chennai and as Puror is one of the top residential real estate destinations in Chennai.

 

Oragadum lies on the outskirts of Chennai and has a reputation as an automotive hub, some even claim it rivals Detroit. The residential real estate market at Oragadum has seen flurry of activity over the past 10 years due to demand for housing from workers in the area. Some of the top developers in Chennai such as Tata Housing and Real Value Developers have projects in the area.

 

Among other notable developers at Oragadum, Arun Excello has several developments in the region with homes priced well under 40 Lakhs. If the reader wishes to own an affordable 1 BHK flat in Chennai then a property at Oragadum by Arun Excello may be your cup of tea.

With prices starting from under 10 lakhs, buying flats in Chennai may never have been more affordable. Oragadum offers flats in Chennai at prices which even a meagre salary man may be able to afford. Although this region of Chennai has drawbacks such as a poor social infrastructure with few schools and hospitals, over time this suburb of Chennai may blossom into a full blown township due to the presence of Industry in the area which over time will need greater numbers of employees resulting in the creation of greater amenities.

 

The highway connecting Chennai with Pondicherry is known as the East Coast Road, this region provides easy connectivity with Chennai and is the scene of large numbers of upscale and luxury apartments in Chennai. If the buyer has a corpus of money greater than a crore than buying a home here is easily within reach.  Don’t however be deterred, there are several properties here which cost significantly less and may make for a good home for you and your family.

 

Among upcoming residential projects in Chennai, the East Coast Road has more than its share. One such project by Akshaya Homes at Thoraipakkam offers 2, 3 and 4 BHK homes ranging price between 1 and 2 crores. For a buyer with a smaller budget the same developer has 2 BHK homes all priced below 40 lakh Rupees.

 

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