Buying property is a very important decision of one’s life. Most of the people buy a house once or twice in a lifetime. It is an act of tact and also requires a lot of research. Chennai has emerged as a lucrative investment destination in the recent past. With the development of apartments and villas in the vicinities, it is really a challenging task for buyers to decide a right place for investment. Buying and selling properties have picked up pace in Chennai by keeping the realty trend on a positive side. There are numerous positive factors that continue to make Chennai more appealing than other metros. Chennai has turned rapidly into a manufacturing hub due to the establishment of IT industries, Telecom and many other factories. Ideal destinations in Chennai for property investment: Captured below are the major hotspots to buy property in Chennai.
Grand Southern Trunk Road
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 Tamil Nadu and its airport. Touted to be the perfect location for IT professionals working in nearby companies, it not only emerges as an industrial hotspot but also a residential hub. The major highlight is that the road is well connected with rail and roadways and also boasts of an excellent social infrastructure. The GST Road appears as a lucrative investment location with home of sophisticated apartments, colleges, health care centers, gated communities etc. Many investors willing to buy property in Chennai are considering this location due to its numerous benefits.
Being one of the oldest properties in South Chennai, Tambaram lures a good number of investments every year. The presence of numerous educational institutions, IT companies, easy access to all amenities such as shopping malls, hospitals, robust connectivity by roads & railways make it a great bet for investors and end users. Due to these factors, the area has emerged as a popular destination among IT professionals, High Net worth Individuals and Non Residential Indians. With the steady demand, Tambaram became as a promising investment locality and unlocks the value of Residential property in Chennai.
Poonamallee is a prime residential locality in Chennai. It is not just closer to the central business district (CBD) but also enjoys the facilities of a suburb. The infrastructural work at Poonamallee easily making it one of the best destinations for property investment in Chennai. Touted to be fast growing and a serene locality, the place enjoys all the facilities like ATMs, Malls, Hospitals, Public schools and many more.
OMR emerges as one of the most sought after destination for IT professionals and automobile workforce. OMR is referred to as an IT/ITES corridor of Chennai. It offers access to city through IT Express way. Being a home to number of educational institutions, hospitals and entertainment avenues, OMR has emerged as a promising locality for the investors and end users. The booming infrastructure and in-house amenities are attracting potential investors to invest in this locality. Residential projects in Chennai is seeing a great demand with these promising hotspots and expected to fetch better returns in future.