IT corridors drive demand for apartments in Chennai suburbs

New growths in Chennai are placing the basis for a full-fledged real estate market in the city whereas assuring good returns. Chennai is well known for its renowned infrastructure and it is the home place of many industries like IT/ITES, automobile, manufacturing, medical, etc.

The boom of IT sectors has flourishes the Chennai real estate. Nearly half of the population belongs to working professionals. All people have the dream to own a home. It is the good time for buyers in Chennai to make their investment in flats for sale in Chennai, here the data shows that Kelambakkam, Thoraipakkam, OMR, etc. can fetch you healthy returns.

Kelambakkam:

Kelambakkam, an outskirts in South Chennai, is the most prevalent residential corridor for those seeking either affordable housing or good rental returns. Locality benefit at quite affordable prices, immediacy to the several IT parks and a there are lot of budget range which is suitable for all kinds of property buyers drive the residential apartments in Chennai Kelambakkam.

Capital rates are in the range of Rs. 3150-3800 per sq. ft. as per the property experts. People who are in search of affordable housing, there are plenty of residential properties for sale in Chennai available within Rs. 18-30 lakh. The sizes are ranging from 612-1070 sq. ft. There are restricted instances of 3BHK units in this price variety. Rental values available from Rs 6,500 per month and for potential residents working in any of the IT concerns in the proximity or outstation students who search for flats in Chennai, this is good news.

Kelambakkam is placed at the intersection where the East Coast Road (ECR) and the Grand Trunk Road interconnect the OMR. Therefore, the area boasts of closeness to numerous work stations along the OMR like SIPCOT IT Park, Bridgetown IT Park, TECCI Park and others which in turn impacts the apartments in Chennai Kelambakkam. Gradually but steadily investors and home purchasers have grasped the prospective of Kelambakkam. The stretch from Kelambakkam junction to Thiruporur has been developing fast. The forthcoming expansions not only flank the OMR but are falling over to Kelambakkam along with the remote regions. Since a lot of investment opportunities are coming up along the OMR as compared to GST and NH-4, properties in kelambakkam chennai has getting seeping benefits.

Thoraipakkam:

If you are an IT professional seeking a residential area, then Thoraipakkam in South Chennai is perfect for you. This area, though developed, is seeing a spurt in expansion. Lately, the region has also come under the city limits. Continuous water supply and desalination, drainage and treatment plants by the Chennai Metro Board are the causes why new residential apartments in Chennai are blooming in the locality. Besides, the upcoming metro is also pushing up demands. The locality enjoys good demand because of its closeness to important centers of the city and beyond. The price appreciation of this region in the future may be very good. If you are in search of 2 BHK flats in Chennai are in the range of Rs. 35 lakh to Rs. 1 crore. If 3BHK is what you choose for, Rs. 50 lakh to Rs 1.5 crore is the wide range. In a time of five years, the location can expect capital appreciation of up to 30%.With time property rates for apartments for sale in Thoraipakkam are going to appreciate due to excellence in infrastructure and connectivity to main areas in the city.

Hence, if you are a potential buyer seeking a residential locality with easy connectivity to your office and investment on its possibility of appreciation, try suburbs.

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