The demand for ready to move in houses is increasing in Chennai, especially among the first time homebuyers. When it comes to purchasing a ready to occupy house, be it in the affordable or luxury category, there are several aspects that one should look at. This includes the location, price appreciation, the existing and proposed infrastructure, and nearness to employment hubs. Whether you are looking for a read to occupy flats or an independent house for sale in Chennai, here are some areas that offer good options for first time homebuyers:
Avadi has seen some huge appreciation in property prices in the recent years. While the demand for independent houses in this area of Chennai has been rising, the prices still remain within reach for most people. The rise in demand for real estate in Avadi has been due to the presence of well-developed infrastructure and its proximity to IT hubs in Ambattur. There are also various industries in Poonamallee, a nearby locality. Along with excellent connectivity via road and rail, the demand for ready to occupy flat in this Chennai area is rising fast.
The demand for real estate in Guduvancheri is driven by IT employees. If you are first time homebuyers, you can find an independent house for sale in this Chennai area at relatively low prices. There are also some large scale projects coming up here, so you if you are looking for ready to occupy flats in Chennai, look here. Guduvancheri is well connected to nearby localities, both by road and rail. Quality healthcare facilities and educational institutions are also located nearby. There are several infrastructure development proposals, like the establishment of a new bus terminus, rail connectivity to Avadi, etc. that will strengthen the demand for real estate in this area.
Kundrathur is located in close proximity to Chennai International Airport, hospitals, schools, and colleges. With the completion of the Outer Ring Road and establishment of several new industries in the locality, there will be a huge rise in demand for independent house in this area of Chennai. Areas around Kundrathur, such as Thirumudivakkam, Thandalam, and Nandambakkam have some affordable housing options available for first time homebuyers.
Mudichur boasts of a good supply of ready to occupy villas in Chennai. There are other housing options available too, all of which are can be found along the stretch of Vandalur-Oragadam Road. Mudichur enjoys excellent connectivity by both road and rail. It is situated close to the Shriram Gateway and the Oragadam industrial hub, making it a preferred destination for people working in these locations. First time homebuyers can also find some good options in the nearby areas of Manimangalam, Padapai, Mannivakkam, and Varadharajapuram.
Thirumazhisai is seeing demand for residential properties, but the prices of ready to occupy flats in this area of Chennai still remain affordable. Purchasing a property in Thirumazhisai is a wise option, as the asset will see a huge appreciation in the coming years. Although amenities are still developing, the area is perfect for a first time homebuyer.
Perumbakkam is a fast developing suburb that is located just a few kilometres away from the IT corridor of OMR (Old Mahabalipuram Road). Perumbakkam is well connected to the city and other major growth corridors, like the ECR (East Coast Road) and GST Road. Perumbakkam is also in close proximity to major transportation hubs of Tambaram, Meenambakkam, and other IT Parks that are located along the OMR. The area also boasts of social infrastructure like schools, hospitals, and recreational facilities.
Thiruporur lies in close proximity to GST Road and OMR and enjoys excellent connectivity to Chennai City and other parts of the state. The area has gained prominence due to the development of investment proposals from both public and private sector players. The major development drivers in this area are Payanur and SIPCOT IT Park in Siruseri.
Pudupakkam is popular among those looking for an independent house in Chennai due to its proximity to OMR and Siruseri. The area has a presence of IT giants like Infosys, TCS, Wipro, Accenture, and Cognizant, which has led to creation of jobs in this area. Pudupakkam is also supported by strong physical infrastructure like schools and hospitals.
Kelambakkam is one of the fast developing residential destinations located on the southern limit of the city. If you are looking for ready to occupy flats in Chennai, this is the area you should head to, as numbers of renowned developers have projects here. Kelambakkam is near many IT parks and IT companies and the demand for residential units will only rise in the future.
Located right next to Maduravoyil at the beginning of the Chennai – Bangalore highway, Vanagaram’s strategic location gives it an edge over others. Porur is another area located near Vanagaram. The area is has some educational institutes like the Chennai Public School and MGR College. Vanagaram is an affluent residential area, but recent development has seen it become a busy commercial and educational centre.
These are a few of the locations that are perfect for first time homebuyers that are expected to grow in the coming years. Be it for investment purposes or otherwise, if you are looking for ready to occupy villas or flats in Chennai, these are the places that you should look at.