Chennai is one of the biggest and best real estate markets in the country. Before you think of purchasing or investing in 3 BHK apartments in Chennai, you should have a clear idea about the right places to invest in. There are several destinations in Chennai which are billed to be future growth nodes and will offer healthy appreciation and returns in the near future as well.
The Old Mahabalipuram Road (OMR) or Rajiv Gandhi Salai as it is formally called, is a major residential destination in Chennai. This stretch has several prime zones like Siruseri and even Sholinganallur. Beyond the latter area, there are several properties to invest in at really affordable prices in comparison to several parts of Chennai. The OMR stretch is also called the IT corridor of Chennai since it is home to numerous IT parks and business hubs.
Tambaram is another good area to buy property in Chennai. Tambaram has become a popular residential destination since it lies in close proximity to the Airport. Tambaram offers ample scope for new construction and helps residents access OMR quite easily which is a boon for IT professionals working along that stretch while the main city is also accessible through Guindy.
Velachery is another potent residential investment destination for the future. Velachery offers top notch civic and social amenities and there are a slew of big ticket residential projects here. Velachery also offers good connectivity options to residents. The Poonamallee High Road is also emerging as a residential hotspot taking into account the sheer accessibility it offers along with connectivity to a major highway. For people working in Ashok Nagar or GST, this is the best place to buy property and the area is also well linked to several other IT Parks and business areas.
Guduvancheri is another major residential hotspot since it offers proximity to several important destinations in the city in addition to easier access to major business zones. Several social and civic amenities are steadily coming up in this area. Oragadam is another major investment zone which is home to several industries and companies like Nokia Siemens Network, Renault Nissan, Ashok Leyland, Komatsu and Moser Baer among others. This location offers easy access to Kanchipuram, Chennai and several other national highways as well.
These are some of the best locations to invest in if you are looking for property in Chennai.
