Best Real Estate Investment in Chennai 2021
Chennai is known as South India’s largest center for both commerce as well as industrial purposes. It has one of India’s best functional metro services, and it is the hub of educational and employment opportunities. All these make the place an excellent option to consider settling in. Moreover, there are various apartments in Chennai which cater to all the needs of the people.
As a metropolitan city, the place provides excellent connectivity with exorbitant services of food, travel and job opportunities. The travel facilities in Chennai include an International Airport, Central Railway Stations, Metro Stations and suburban services. It makes the place the best option to settle for those who commute frequently. Moreover, the modern lifestyle, with facilities and opportunities for every job aspect, makes the area the most desired place to stay among the youth.
The architecture in Chennai consists of both modern and colonial elements. The architectural glory goes very well with the investments in place. Chennai investors mainly consist of IT hubs, automobile manufacturing establishments, electronic manufactures and even food establishments. Many people have moved into the area, and the demand for more apartments in Chennai also rose.
Investing in apartments in Chennai, 2021
The residential possibilities in Chennai have spread themselves across the district. However, before deciding to invest in them, it is always good to look at it as an investment that demands profit. If the investment requires liquidation at any point, the investor should obtain profit when reselling. Various things need to be considered before investing in an apartment. Some of them are:
- Access to transportation facilities
- Proximity with hospitals, educational institutes, grocery stores, etc.
- Safety and low crime-rate
- Security, power and water supply
- Development possibilities in the area
- Nature and pollution controls in the area
Top real estate places to invest in Chennai in 2021
A home is an investment that requires a lot of thought before investing. Before buying a house, one must make sure that it is situated in the best location in Chennai. Some of the best places to invest in apartments in Chennai in 2021 includes:
OMR, also known as old Mahabalipuram road, is the hub of all IT investments. Its investment in IT sectors is growing each day, and so are the residents of the place. For the same reason, OMR has become the synonym of luxury and consists of the building of class and sophistication. Moreover, it is close to hospitals, schools, colleges, parks and various other facilities. The establishment of RERA allows buyers to have the benefit of transparent and safe transactions.
OMR is on its way to becoming the center for job opportunities, mainly based on IT and financial companies. Therefore, even investing in an apartment and renting it out is a rewarding possibility. The apartments in these areas are also available at lower prices with even provision for co-living.
This place, situated in the southwestern part of Chennai, is well-known as an excellent residential area. It is a center and surrounded by some prominent places like Saidapet, Velachery, Kottupurum and Adyar. There are even small to medium industries rising in the areas, providing job opportunities to many. The available apartments in the area range from 2 to even 5 BHKs, with prices ranging from Rs 28 lakh to Rs 13 crores.
Guindy is a meeting point of the Salai, Mount-Poonamallee Road, GST Road, 100 Feet road, Jawaharlal Nehru Road, and Inner Ring Road. The proximity to airports, trains and highways, with access to banks, hotels, schools and colleges, makes it a more viable choice.
Ambattur is also a fast-developing hub and industrial zone in Chennai. It is located in the north west-part of Chennai, with Annanagar, Padi, and Avadi being some of its surrounding places. The demand for residential areas in Ambattur has been rising due to the mass populations from outside. The area has many major roads passing through it, with easy access to bus services, railway stations and metro stations.
Ambattur is a locality that could gain a lot of focus in the future. The opportunities and facilities in this area are numerous, with scope for further development in the future.
The other two places which are suggested to have good investment possibilities are Oragadam and Guduvanchery. With the accessibility to all provisions, these places provide affordable residential areas. The investment by various international companies in these areas makes it more sophisticated and evolved in structure. Therefore, they are ideal living spaces that double as investments.