The Current Best Real Estate Investments in Chennai
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Transcript of The Current Best Real Estate Investments in Chennai
The Current best
Real Estate Investments
in C H E N N A I
, Real Estate Investment in Medavakkam Chennai
Medavakkam is located in the southern suburbs of Chennai. This locality is a preferred
residential area due to its serene ambiance and easy access to other residential hubs, IT
parks, schools, entertainment facilities and commercial establishments. The upcoming
Monorail corridor will improve connectivity.
This area is expected to outscore all other residential hubs in terms of Real Estate
appreciation over the next few years. The average property price here was Rs. 3800 per sq
ft. According to a report by consultancy firm, Knight Frank, prices are expected to
appreciate by 103%, making it approx Rs. 7700 per sq ft in 2017.
, Real Estate Investment in Adyar Chennai
Adyar is one of the most posh and most popular localities in Chennai. It has a good number
of multi-cuisine restaurants, shopping complexes, and lifestyle hubs.
Real Estate prices is one of the highest in Adyar. But, going by the price escalation
expected, it would be worth investing money in this locality.
, Real Estate Investment in Pallikaranai Chennai
Pallikaranai is located not only close to the city center but also has easy access to all the
employment hubs on OMR and GST Road. The proposed Chennai Monorail will have a station
here too, which will enhance the connectivity to his area.
It has emerged as the 11th best Real Estate investment destination in India, according to a
report by property consultant Knight Frank. Property prices here are expected to rise by
93% by the year 2017. It means that the current average property price which was Rs. 4200
per sq ft will rise to approx Rs. 8100 per sq ft in 2017.
, Real Estate Investment in OMR Chennai
Popularly called the ‘IT Corridor’, Old Mahabalipuram Road (OMR) is a major road in
suburban Chennai. It begins at the Madhya Kailash temple in Adyar, South Chennai and
continues till Mahabalipuram in Kanchipuram district, ultimately merging with the East
Coast Road.
The employment of about 70,000 professionals in the IT and BPO companies along this
corridor has led to the development of the residential real estate in this area.
Prominent builders in OMR area of Chennai include Hiranandani, L&T Constructions, DLF
Group, Singapore-based Ascendas, XS Real, Olympia Group, Akshaya Pvt Ltd, Vijay Shanthi
Builders, Suryavardhan Estates Private Limited, Arihant, Jain Housing & Constructions, RAMS
Builders, Doshi & Doshi, Rajyog, Radiance Realtors, Puravankara Projects and our Sumangali
Homes.
Property prices in this area are expected to escalate, with the average property price being
Rs. 3470 per sq ft few months back.
Apartments in Medavakkam|Perumbakkam | Vengaivasal
www.sumangalihomes.in
044 3100 3100/ +91 95510 70306 5/158, Perumal kovil street, Medavakkam, Chennai -600100