In the past few years, the real estate sector of Chennai is showing a good demand among potential buyers despite a slump in the share market and other sectors in India. The demand in the residential sector of Chennai continues to escalate especially in suburbs like Chrompet, Tambaram, Pallavaram, Mudichur, Sholinganallur, Madipakkam, Vandalur and Mannivakkam.
Due to overcrowding in the main city areas, the real estate developers are focusing on the suburbs to reap mid-term to long term benefits on investment. The area close to NH-5 which covers the suburbs of Vandalur, Mudichur, Malayambakkam-Mangadu and Mannivakkam are emerging as high growth residential areas and potential buyers are showing keen interest in purchasing lucrative properties like Mannivakkam house.
Core Features of Mannivakkam Translating It into a Promising Residential Destination:
- Connectivity: It is well connected by MTC buses and the nearest railway station is the Vandalur Railway Station. The other nearby railway stations are Karasangal, Guduvancherry, Perungalathur and Urapakkam railway stations. Tambaram is the heart of the new Chennai city. Mannivakkam is situated 10 minutes away from Tambaram on the GST road. It has access to Oragadam automobile plant by a six lane highway.
- Locality: It is a prime location and it houses reputed schools, colleges like Velammal International School, Peri Engineering College and Peri School. It is also home to many multi-speciality hospitals, ATMs, maternity, eye and orthopaedic hospitals.
- Recreational Facilities: It is a promising residential hub bestowed with zoos, theatres, malls, Children Park nearby Maneswarer Kovil.
- Improved Lifestyle: It is in close proximity to Mahindra World City which is India’s first eco-friendly business city. This city houses the corporate giants like Infosys, Capgemini, Wipro, etc. Mushrooming of the IT sector and simultaneous generation of jobs has led to an increase in the buying capacity. As a result this locality is witnessing an upsurge in the standard of living. And is transforming into a plush living destination.
Thus robust infrastructure, burgeoning IT sector, improved lifestyle is translating Mannivakkam, a suburb in Chennai into a lucrative destination for real estate players and a favourable housing destination for potential buyers. Hence investors are increasingly being attracted to buy a house in Mannivakkam.
The metropolitan city of Chennai has been the focus of many reputed realtors for the last couple of years. The suburban areas have also been witnessing considerable growth in terms of infrastructure and real estate.
Reasons of Growth of Perumbakkam:
With the growth of IT sector across the Old Mahabalipuram Road (OMR) the real estate scenario of Perumbakkam.
has been growing at a quick rate. Buying house in Perumbakkam would be a very reasonable and profitable deal as the real estate prices have been increasing at a steady pace.
Perumbakkam, a sub-urban area located in south Chennai is only 2 Kilometres away from OMR. All prime IT hubs such as Sholinganallur and Velachery are in close proximity. The strategic location of this place has been a major reason for the high demand of properties and capital appreciation.
This locality is well connected through Tambaram-Velachery Road, OMR and Medavakkam-Sholinganallur Road. This locality enjoys easy access to important roads and is in close proximity to the upcoming ELCOT SEZs. Wide interior roads are present connecting the neighbouring localities.
The social infrastructure of Perumbakkam is also very developed. Renowned hospitals and educational institutions are present in close proximity. Banks, shopping malls and departmental stores are also present in large numbers to assist the residents in their daily life.
Famous Projects at Perumbakkam:
- Casa Grande Cherry Pick: This is an exceptional project that offers majestic and grand facilities to the residents. A large number of amenities are also provided like:
- Efficient maintenance staff and security guards are present.
- 24 hours power backup is assured. Water supply is also abundant.
- Rain water harvesting is practiced for preventing water logging and other drainage related problems.
- PS Nexterra: This is gated community project developed at Perumbakkam. It is beautifully nestled away from the noise and humdrums of the city.
- Spacious and beautifully designed apartments are provide with modern utilities are provided.
- Club house, gymnasium, swimming pool and community hall are also present.
Because of the excellent connectivity, closeness to commercial hubs and developed social infrastructure, Perumbakkam houses are in high demand.
Bannerghatta Road is one among the notable property destinations in the suburbs of Bangalore. The development of this place is imminent as the main area of Bangalore has become saturated and polluted. In view of the high demand for property in the city, the developers are constructing their projects in the suburbs. The properties in suburbs are affordable and equipped with standard connectivity to major areas of Bangalore.
Compared to the prices of properties in the posh areas of Bangalore, real estate prices in Bannerghatta Road come in as a surprise. The middle-income group will especially be interested in the area’s real estate offerings owing to the lower prices. The price range of Apartments for Sale in Bannerghatta Road varies from Rs. 3000 to Rs. 5000 per sq ft, depending on the amenities provided. Investors can confidently get an appreciation of about 20% per annum, which is quite attractive.
Bannerghatta Road Apartments for Sale is included in the projects undertaken by reputed builders of Bangalore, to uplift the living standard of the residents. It is an ideal destination that will make your investment more worthwhile in several ways. The 2 and 3 BHK Apartments are built with adequate space to take care of your modern lifestyle, hobbies and other activities.
Bannerghatta Road offers limited connectivity to various other places of Bangalore via buses leading to the Central Bus Station and Railway Station. The busy Silk Board Junction is located in the vicinity of the suburb. Silk Board Junction which is only 7km away from this place, has better connectivity options to assist the residents to move around the city comfortably.
The proximity to Electronic City is clearly the explicit reason why 2 BHK flats in Bannerghatta Road are selling out rapidly. Electronic City houses office complexes of several biggest IT companies. This 3 phase complex offers employment to so innumerable software/engineering professionals. The most significant aspect for residents of Bannerghatta Road is the close proximity of The Electronic City which is only 17 km away from the locality. A lot of employees working in the Electronic City have bought properties here.
The locality of Chrompet is situated in southern Chennai, and the origins of its name go back to the 18th Century, when a certain Chrome Leather Company started its business here. Leather tanneries can still be found scattered around the area today. From the days of the Chrome Leather Company, Chrompet has been a popular choice as a residential hub. As time passed, many commercial establishments found their way to the locality as well.
There are several reasons why Chrompet boasts of such great popularity within the real estate sector. Let’s look at a few in detail:
- Connectivity: No matter where you stay in the city, if there are connectivity issues, your life will be significantly hindered. Thankfully for people looking out for residences, Chrompet is very well connected to most of Chennai’s major areas. From entertainment zones to IT hubs, almost nothing in Chennai is too far from Chrompet.
- Proximity to Airport: For home-owners or family members who have to travel around a lot, being situated close to the city’s primary airport is a boon. A 1 BHK apartment for sale in Chrompet ensures that you don’t have to wait long hours in the traffic to get to the airport.
- Educational Institutes: One of the most acclaimed technical institutes of the entire country, Madras Institute of Technology, is based here. A lot of reputed schools and colleges catering to students of various educational backgrounds are also located in Chrompet. Some notable examples would be Olive Public International School, Srimathi Sundaravalli Memorial School and IRT Polytechnic College.
- Multiple Hospitals: Healthcare-wise too, Chrompet is well equipped. Medical bodies like Chennai Krishna Hospital and Parvathy Hospital have been serving Chrompet residents successfully for years. A whole host of clinics and pharmacies are scattered around the locality as well.
Investing in apartments for sale in Chrompet is definitely a masterstroke at this point of time. The future bodes quite well for the area, with a vehicular subway project expected to be completed in a matter of years. This project will further improve the state of traffic in the area, which can get slightly congested at peak hours.
Pallavaram town is a second-grade municipality located in the outskirts of Chennai. It forms a part of the Alandur Taluk of Kanchipuram district and is located at a distance of about 17 kilometres from Chennai city. Pallavaram is famous for its bustling residential colonies and cantonment. The residents of this area use Pallavaram railway station for their daily travel needs.
Realty investment destination
People in Chennai dream of owning a property that is affordable and offer better appreciations for the buyers and investors. Vast availability of qualified professionals in the IT sector, and a judicial mixture of diverse cultures have made Chennai as among the ideal cities in the globe suitable for investments in the real estate sector.
Pallavaram is one of the prominent localities in GST Road with lot of amenities at the doorstep. Pallavaram-Thoraipakkam stretch constitutes one of the leading roads which connects to OMR directly and is effectively utilized by the IT employees. IT professionals and a large number of NRI buyers are more interested in purchasing independent house for sale in Pallavaram considering the modern amenities provided along with the property
The region is situated in the vicinity of Meenambakkam Airport and provides better connectivity to rest of the city. Majority of the prospective home buyers are keenly searching for properties in Chennai, such as Pallavaram house for sale.
GST Road popularly known as National Highway 45 (NH-45) is considered as one of the busy highways in South India. It is an important road, connecting the centre of the city to various suburban localities in the south and the International Airport located at Meenambakkam.
Pallavaram has invariably attracted the attention of the real estate promoters, partially due to its excellent social infrastructural facilities. The area accommodates a number of reputed schools, colleges, hospitals and well-laid out roads. The infrastructure facilities available in this area are also quite outstanding, with a number of bus stops, railway stations, and shopping centres located in the area.
Localities like Guindy, Guduvanchery, Chrompet, Pallavaram, Tambaram and Meenambakkam situated along the GST Road enjoy the sturdy commercial infrastructure, with entertainment zones, restaurants, fitness centres, and shops which meet the requirements of the dwellers in Pallavaram.
Bangalore is popularly known as the Silicon Valley of India, for its global IT companies and immense employment opportunities in some of the big companies. The city and its suburbs are also well known for luxurious apartments of global standards. People are now more interested in buying residential properties in Bangalore because of congenial weather and fashionable lifestyle.
The city is witnessing some drastic changes in terms of new residential projects and the builders are trying to offer the best possible housing solution. There are several housing projects which are coming to make a big impact; some of the prestigious projects are Purvankara, Golden Gate, and Shriram properties.
The prevailing market rate for villas for sale in Whitefield varies from 4500 to 8500 INR per sq. ft. depending on the amenities offered by the builders.
Salient features of the residential projects in this area are listed below:
- Water treatment plant
- Sufficient space for car parking in the upper as well as the lower basements including car parking facilities for the visitors
- Lobbies that are well decorated with the Italian marble finishing
- Fun and play area for children
- Gymnasium and fitness center
- Steam and Sauna
- Swimming pool
- Entertainment center with billiards, table tennis, cards, carom and chess
The builders also undertake all the works related to Interior decoration. Buyers can utilize the expertise of the builders in the execution of the following works:
- Crockery Units/Media units
- Wall Cladding
- False Ceiling/POP Works
- Wooden/Laminated Flooring
- Blinds/Curtains/Soft Furnishings
- Electrical (Home appliances)& Decorative Electrical Fixture works
- Toilet Accessories
You should be able to decide and then choose the kind of property you are looking for, whether it’s an apartment or independent villa, you can finalize your choice based on the location. If you have financial restraints, you can manage to buy property according to your budget. But it is obvious that if you want to stay in the central part of the city, property rates will be higher as compared to the prices of property in the suburban areas like Whitefield. Consider villas in Whitefield to own a property.
At present, Poonamallee is crowned to be the most hotspot area in Chennai as of real estate. This due to the immense expansion of roads and infrastructure in the place. The price of property has been increasing constantly due to the guideline values and the ongoing 4-lane state highway. Besides, another positive growth in Chennai is the business opportunities catered by the city as it has endless manufacturing units and is renowned as the hub of south India.
The added advantage of Poonamallee is its locality as it nestled in the end of the Mount- Poonamallee high road, as there are seamless transit options owing to the NH-4 and the state highways. Those working around Irunagattukottai, Sriperumbudur and Kattupakkam find these Luxury apartments in Poonamallee for sale cost-effective and perfect for living.
People residing close to this area like Paruthipattu, Avadi, and Ambattur feel that these Poonamallee 2 bhk Apartments for Sale are worth an investment as it caters excellent amenities and ambiance for a complete and comfortable lifestyle.
The constant increase for housing demands have eventually given rise to many residential units in the city. Recent study has stated that the areas along the west part of the metropolis have witnesses an effective absorption rate. With affordable housing on top of the list, a plethora of homes are been constructed especially for the mid-income levels with unique interiors and exteriors crafted by world-class designers in the city.
Major factors like good infrastructure and the sprawling IT development have captured many professionals to invest in these properties.
Be it a home buyer or investor, Poonamallee has been a sought after place as it is quite reasonable and offers frequent commutation to all parts of the city especially to the IT hubs nestled in Ambattur and around. The locality has ensured to fulfill all the needed requirements in all aspects for realty investments which assures good returns in future.
So, consult with a good realtor or agent to get the right property in Poonamallee for better investment options and tranquil living. Hurry! Invest in your dream today.
The real estate market of residential properties in Chennai has been showing a positive trend in all areas. Tambaram is one amongst such areas best known for its rapid growth in all sectors. It has been recorded that there is a rise of around 20% in the construction of residential apartments in Tambaram. The region has attained a better growth rate in social infrastructure as compared to other suburbs of Chennai.
The price range of Luxury apartments in Tambaram varies from Rs. 3600 to Rs. 5500 per sq ft. The value appreciation will be about 6% per annum.
Many residential projects are in the pipeline, in the vicinity of Tambaram. With the consistent performance of reputed real estate developers, the real estate market in Tambaram will be able to witness great heights within a short span of time. Tambaram apartments for sale are located amidst a green and peaceful environment. Dwellers will be assured with a comfortable and healthy living in this locality. Tambaram is situated in the vicinity of the international airport and so frequent air travellers and NRIs will certainly benefit a lot by purchasing apartments in this area.
High returns on investment
Reputed builders in the city who have clearly understood the market trends are trying to establish their presence here in Tambaram. There are several apartment complexes and gated communities built by popular realtors. So, the investments made in Tambaram properties will ensure a high returns on investment in the near future. These dwelling units offer a happy and comfortable living for the buyers.
Tambaram is housing many IT companies, hospitals, educational institutions, and retail outlets in its vicinity. Moreover, the metro train service will be operating up to Tambaram soon. This will certainly ease out the travel time for the residents of Tambaram while travelling to all the major places of the city. Tambaram apartments are now being sold away too quickly.
There are all types of residential units available in Tambaram. Whether you need an independent house, villa, 1 BHK, 2 BHK or 3 BHK apartments, residential units here are comparatively less priced with all basic facilities and modern amenities.
Hyderabad known as the city of pearls is a hub of both IT and Biotechnology companies. There are a lot of individuals who have migrated in this city mainly because of the employment opportunities generated by the companies situated in Hyderabad. Thus, the city has seen tremendous growth in terms of infrastructure. The demand for commercial real estate sector was in full demand, ever since the IT companies have invested in this city. But due to the migration of a lot of individuals, the residential demand in Hyderabad has increased.
There are a lot of developers who are engaged in developing all kinds of residential properties. They offer spacious independent houses, pent houses, sky line apartments and bungalows. Due to the saturation of land, the preference of building apartments is much higher. The property prices in Hyderabad city also vary depending on the locality. There are affordable housing available in developing localities and some sky rising rates for the posh localities.
One such locality is Nagaram, situated in Hyderabad city, is developing over the past few years. The properties rates of Nagaram are fairly lesser than the other localities. As connectivity plays a major role in development of any locality, Nagaram has an upper hand even with the connectivity. Nagaram is well connected to the Outer Ring Road which makes connectivity to the rest of the city easier. Connectivity to the airport is another major advantage. Also, it is close to the IT hubs of Hyderabad that is Hitech city and Gachibowli. The locality is a well rounded one and has educational institutions, banks, hospitals, malls and many more in close in proximity.
With all the above, the demand for residential properties is obvious to kick in. There are different kinds of formats like posh and luxurious 4 BHK and 3 BHK apartments, affordable 1 BHK apartments and comfortable and spacious 2 BHK Apartments in Nagaram. One can buy the apartment depending on their requirement. Nagaram 2 BHK Apartments are in huge demand and is a good option for both end users as well as investors.
Panvel is an upcoming real estate location in the South side of Navi Mumbai and also also considering the current property investment scenario of the city, the outskirts areas of the city are being sought after by the city residents or those migrating to city in search of jobs. They attach outskirts with everyday convenience and look for options like ready to move apartments for sale in Panvel, for example, so that modern facilities and amenities are accessible to them as soon as they shift base from the heart of the city to somewhere close to their office.
The fact that this locality is close to the Navi Mumbai at a distance of about 4 km, still makes it one of the hot residential property investments in India. However, in the recent time, there are many other flourishing residential locations close to the NICE Road, those plying on the length of the same corridor. So, the home buyer is likely to evaluate all the options more closely. But naturally, the closer you move to the IT area, the more expensive it becomes. It may still be viable to invest in a ready to move apartments for sale in Panvel than its counterparts.
There are many more reasons to invest here. Firstly, leading IT companies are at a short distance from the area like the Hiranandani Business Park, Given it’s IT glean; it is sure to see a rise in demand in the next 5 years. Panvel is already making news for rise in occupancy with software professionals from the city and investing for a permanent residency here.
With the area getting connected to the metro rail network and NH-7 and Nh-4 close by, Panvel is likely to witness a huge rise in the property rates. The time is indeed right to invest in a property here. The area has already seen a rise in the rental price, hovering between 20,000- 30,000 per month for a 2 BHK or 3 BHK apartment sizes and the society facilities. The social infrastructure of the area is fully fleshed out now and continuously developing. It is one of the prime reasons for the growth of the residential occupancy here because Panvel has many educational institutions in the vicinity, which means there is a rising demand from the students who wish to stay on rent. For everyday needs, the area offers easy access for the residents to local bazaars, and has reputed hospitals too.