Residential localities to look out for in Chennai for good returns

  • Residential Projects in Chennai
    23Jun 2017
    Chennai is one of the best cosmopolitan cities in India, which has attracted a lot of realtors. Over the last few years, new residential projects are mushrooming across the city along with the infrastructural growth. Most the projects are built to suit the buyers’ requirements, which makes this place a much sort after place amongst homebuyers. The city is still growing and is accommodating new industries, making property investment a profitable option. Some of the locations that are becoming the investment hubs are :

    Oragadam

    In terms of good capital and rental appreciation, Oragadam is one of the suburbs of Chennai that is one the best places to make your investment. Located between NH4 and NH45, new projects mushrooming and villa plots in Oragadam, Chennai are the reasons why investors are excited of this lucrative location. The rental returns on a property investment in Oragadam is around 3 to 4 percent.

    Pallikaranai

    Coming under the wings of Chennai in 2011, Pallikaranai has emerged as one of the largest realty investment destination. The housing prices are expected to rise by 93% in the next five years. Located within the CMDA limit, this place has excellent connectivity to the IT corridor and to South Tamil Nadu via Tambaram. This area is s becoming an investment destination and is a good is bound to yield a decent ROI.

    Tambaram

    The area has undergone a major transformation. Tambarm is the preferred location for NRIs and HNIs alike as the property appreciation and the rental returns are high. It has also become the preferred hub for commercial projects and office spaces in Chennai.

    Medavakkam

    The area is one of the most happening hubs of Chennai with a potential of more than 90% appreciation in the next 5 years. It is listed as the 6th largest investment destination and has gained popularity due to rapid infrastructural development. Being closer to the GST Road and other major localities of the city, Medavakkam is one of the best areas to invest in real estate.

    Hiranandani Parks, Chennai is a major integrated township project presents luxurious 3 BHK apartments for sale in Chennai. With its scenic surrounding and the luxurious living, its affordability is a bonanza!

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