Chennai, the capital city of Tamil Nadu, has its name amongst the largest economic, educational, and cultural centres in Southern India. Chennai is also credited as being the safest city in the country, and has the third biggest expatriate population in India. Having the title of ‘Detroit of India,’ this Indian state also has one-third of India’s automobile industry having its operations here. Hence, when one considers investing in properties of Chennai, there are a lot of aspects to ponder on.
The IT, financial service companies and automobile sectors are one of the prime reasons why real estate has been growing in Chennai. As a result, there is huge residential development all across the state. These regions are serving as the go-to-areas for people who want to live here thanks to its high employment generation.
If you want to invest in properties in Chennai, here is a list of real estate hotspots that are among of the best places to invest here:
Oragadam is located alongside NH 4 and has its name among the most attractive suburbs in Chennai. With many Fortune 500 companies present in Oragadam-Sriperumbudur industrial belt, there are many upcoming real estate projects to invest in this region. In fact, over the last four years, there have been many options for someone who is looking to make an investment in real estate in Chennai.
Pallikaranai is a metropolitan city in Chennai. This region lies close to industrial clusters and IT companies. In addition to this, the region has a wide scope for infrastructure facilities and residential developments. Since 2013, a lot of projects have been launched for people to invest in, making it a great option for real estate investment in Chennai.
Ambattur is located in Western Chennai. Thanks to strong industrial growth, the place is one of the prime industrial and IT hubs in the state of Chennai. There are numerous budget-friendly options here that one can consider buying if they want to consider buying properties in Chennai.
Gudavanchery is located in the Kanchipuram district of Chennai. This area is among the promising residential hotspots of Chennai that actually provides a lot of reasonable options for people to choose from. This region has industrial and IT parks to its credit. Not only this, there is exceptional connectivity in this area along with a well-in-place infrastructure. Since 2013, a lot of projects have been launched in this area with a lot of options to choose from. This makes Gudavanchery without a doubt one of the best places to invest in Chennai.
The Old Mahabalipuram Road (OMR) is a 45 km IT corridor that is witnessing massive real estate activity. Many of the projects in these areas are budget-friendly options. There are many IT business parks and SEZs in this region which has led to this real estate development. Since the last 5 years, there have been a lot of options for people to buy home in Chennai in this region.
Other growth factors
Chennai has undergone a massive change in the last years. Apart from employment generation, the presence of good education prospects and a great lifestyle here are the reasons which drive people to invest in properties at Chennai. Due to the fact that people are increasingly coming to the place, Chennai’s landscape has witnessed a huge transformation over its different zones.
With a diversified economic base and substantial growth in infrastructure, these five places are finding their names in the list of preferred regions when it comes to real estate investment in Chennai.