Best Areas to Invest in Real Estate in Chennai
Chennai city is the six largest populous city of South India. The city’s adjoining areas combine to form metropolitan area and are well known as the health capital of India. It’s the safest city of India rated by the Quality of Living Survey. Chennai is a hub for developing cultural activities, education, and IT infrastructure. It’s the highest visited place by foreigners. It was added in UNESCO creative cities network list encouraged by its rich musical tradition. It was also named the ninth-best cosmopolitan city in the world. Also, it was listed as the best city by India Today. Apart from these top higher values in South India, National Geographic featured in its 2015 “Top 10 foods list”.
Chennai got 22nd rank among real estate destinations of Asia Pacific region. It became 2nd largest software services exporter after Bangalore. Chennai has created a strong industrial base in technology, automobiles, health care, communication, tourism, arts, and architecture. As discussed above Chennai is the best investment option for higher returns on rental income. You can buy or rent a house seeking for progressive income growth for better living. We’re listing best Areas to Invest in Real Estate in Chennai particularly close to famous IT parks, malls, cinema theaters, hospitals, and markets. The increasing population is a great factor of significant growth in the Chennai real estate market.
Numgambakkam is the oldest area of Chennai and offers upper-class residential areas including Wallace Gardens, Kothari Road. Property management services in Chennai– Housewise give the best option to opt-out for the selection of the right place to choose from and thereafter start getting a regular income from your rental property even after you shift in foreign to become NRI. Some sub-divisional areas like Village road, college road, sterling road, and haddows road opens home buying opportunities as much as possible. Property buying prices for 3 BHK ranging from 2.5K INR per square feet to 5K INR whereas it is 1K for 1 BHK apartments.
It is situated on GST road and offers a variety of commercial, residential, medical, educational opportunities that attract more property investors. Property rental incomes are recorded between 10K to 15K. This area is 6 km away from an outer ring road and residing 4 km south of Chennai International airport that raises more investment plans.
East Coast Road (ECR)
ECR is a strategically developed four-lane highway connecting Chennai city to the beaches of Pondicherry. Due to such locality, all views are oceanic and you feel refreshing each morning in front of sunrise view. The real estate opportunities arise due to residential localities connected areas such as Thiruvanmiyur, Adyar, Tidel Park, and OMR.
It is a high yielding rental income if you plan to buy a house to live in or renting out. No way to think out of such beach connected placed. Your dream homes having face towards beach locations and feel you cool every moment with your family. This location ensures double the returns over after a property investment plan. The QoQ growth of around 8% in the quarterly report of April-June 2018 witnessed itself for the premier growth of the real estate market in Thiruvanmiyur. Also, this area qualifies all checkboxes after RERA and GST laws reformations.
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