Chennai remains one of the most ideal residential destinations in India, especially for those looking to settle in a metro. The city offers the best facilities along with affordable property rates, making it a desirable and lucrative investment destination. Here are a few of the areas where you can find affordable projects in Chennai: -
The Urapakkam real estate has all the facilities you can ask for. The property rates in Urapakkam vary around Rs. 3,500 to 5,000/sq. ft. A number of prominent builders have projects in this area. The budget flats for sale in this area of Chennai range from 1BHK to 3BHK. The area has a good number of prime educational institutes, with Neelan Matriculation School and Ananthavalli School being the most prominent ones. One of the reasons to invest in Urapakkam’s real estate is its proximity to Grand South Trunk Road (GST). Due this, the area has become the gateway of South Chennai. Connectivity wise also, it fares better than many areas, as it is strategically located along the NH-45, and enjoys good connectivity to major areas both by road as well as rail network.
The average rate of budget flats for sale in Mudichur, Chennai, hover around Rs. 3600/ sq. ft., and the affordable projects in this part of Chennaicome with good quality facilities. The area is home to a number of residential real estate projects from reputed builders. . Narayana e-Techno School is one of the major schools within the area. Annai Arul Hospital is among the leading hospitals, while Lucky Bazaar is the shopping hub of Mudichur.
The average property rates in this area of Chennai are around Rs. 3,900/ sq. ft., and the affordable housing projects here offer both 2BHK and 3BHK flats. The area is home to a number of leading medical institutions, with ACS Medical College and Hospital being the most prominent one among them.
The Sithalapakkam area is known for it fine amenities. Even the budget flats for sale in this part of Chennai come with the best features. A couple of renowned educational institutions of this area are BVM Global and RV Matriculation School. On the healthcare front, GA Hospital and Raajan Hospital are the leading medical institutions of the region. One of the prime reasons to invest in this locality is its rustic charm, which has attracted many home-buyers. Even though the area lies on the outskirts of Chennai, it is well-connected with all parts of the city. One of the driving forces behind the real estate development is the easy accessibility of the area within the IT corridor of Chennai. If you are working in IT offices in Chennai, Sithalapakkam remains the most rational choice for residence, owing to cheaper rates and good connectivity.
Selaiyur is amongst the most popular suburban area of Chennai. Budget flats for sale here have good interiors as well as quality features. The leading educational institutes here include Alwin Memorial Public School, and Zion Matriculation Higher Secondary School, with Madras Christian College situated in close proximity. Among the many healthcare institutions located here, Deepam Hospital and Parvathy Hospital are the most well-renowned. The area is in close proximity to both Tambaram Railway Station as well as Chrompet Railway Station that allow for quick inter-city travel. Chennai Airport is also nearby, at a distance of about 16 km.
The real estate in Kovur has some of the best options when it comes to amenities in affordable flats in Chennai. The flats found here are mostly 2BHK or 3BHK. The well-known educational institutes in this area are Mangadu Public School, Somasundaram Government High School and Sri Krish International School. Home to a number of reputed medical institutions, Gummadi Hospital and Shri Muthukumaran Medical College and Research Institute Hospital are the most renowned of the lot. The area is served by Meenambakam Metro and Railway station.
New Perungalathur is one of the most desirable areas. The properties here come with top-notch features. The area is home to reputed schools like Srimathi Sundaravalli Memorial School, Ebenezer Matriculation School, etc., making it a good location for those looking to settle down with their family. Connectivity to other parts of the city as well as the state is excellent as NH-45 runs through the suburb. The upcoming Chennai Monorail Project will have a station at Perungalathur, which will certainly push the prices of real estate in the coming years.
Poonamallee area of Chennai has earned a good name for itself in the real estate market due to strong social and physical infrastructure. The area also has offices of a number of reputed companies such as Asian Paints along with Indialand Techpark IT Park. There are other IT Parks too, like DLF and L&T Infotech nearby, that have contributed to the growth of the area.
These are the top areas if you are looking for budget flats for sale in Chennai. To move forward sensibly in this regard, consider the future growth potential, connectivity as well as the social infrastructure before investing in any of the affordable projects in Chennai.