Property in Chennai has witnessed a great demand in the past few years majorly due to the IT/ITES empowerment in the city. The city has always lured home buyers and property seekers due to its continuous infrastructural developments and steady growth along the periphery. So it does not come as a surprise to see the young home buyers showcasing their interest in investing in properties in Chennai. The city hosts plethora of blue chip companies and multinational corporations coupled with state of the art infrastructure. It attracts a good number of hopeful job seekers who come here every year.
The reason behind people wanting to buy home in Chennai is proximity from their work place. So, the increasing demand had led to the launch of a spate of new projects in Chennai. The city is also known for its amazing cosmopolitan culture.
Gone are the days when North Chennai meant bad roads, poor infrastructure and unrefined population! Things have changed for the better and now the outlook about this area is slowly unraveling and builders in Chennai are aware of the potential that it creates. Thiruvottiyur is a wonderful spot for property investment in North Chennai. A number of industries in the area and the upcoming residential projects surrounded by schools and hospitals make it an obvious choice.
The presence of the Outer Ring Road and the upcoming Metro Rail makes it an interesting proposition! OMR is the most sought after place of IT professionals and auto mobile workforce. OMR is referred to as an IT/ITES corridor of Chennai. It is well connected to Aurora and easy access to city through IT express way. With the house of Educational institutions, health care centers and entertainment centers OMR emerged as a nice and peaceful locality to home buyers. The has got a habitat along with good transportation facilities. The booming infrastructure and in-house amenities are attracting potential investors into making investments in the locality.
The Grand Southern Trunk Road is well known as GST road in Chennai, this is one of the busiest highways that connect Chennai to the southern parts of Tamilnadu and its airport. The Road starts from the Jathipara junction in Guindy. Considered to be an ideal locality for IT professionals who are working in nearby companies, not only an industrial hotspot but also a residential hot spot, the road is well connected with rail and roadways with the blend of good social infrastructure. Many reputed builders in Chennai are showcasing their interest to launch residential projects on this road.
Poonamallee is a prime residential locality in Chennai. It is not just closer to the central business district but also enjoys the facilities of a suburb. There is immense infrastructural work that lines Poonamallee easily making it one of the best and ideal destinations for property investment in Chennai. The city also enjoys a robust social infrastructure with a spate of shopping malls that makes an amazing hangout spot and treat to shopaholics. Various colleges, institutes and hospitals are also located in the vicinity.
Backed by these factors a number of reputed builders are showcasing their interest to launch new projects in Chennai. All the projects are crafted with finest details and offers world class amenities. It appears a great bet for early investors and end users.