South Chennai is an ultimate choice for property investment

Want to get high profits on your investment? If your answer for this question is yes, then Chennai has a numerous choices to provide. Here the real estate market is showing positive symbols the city has currently noted an upsurge in the amount of reviews and site visits.

In the years 2013, after analyzing consumers’ conduct in Chennai, the Housing Sentiment Index (HSI) has shown that 80% of the property buyers (i.e. eight out of ten) are preferred to buy properties in Chennai South while compared to north.

Therefore, from an investment viewpoint, the southern localities such as East Coast Road (ECR) and Thoraipakkam are developed as ideal options. Both these locations show strong real estate growth owing to a host of aspects. According to the property news, in the last two quarters property prices for multi-storey apartments for sale in ECR and Thoraipakkam have noted an upswing of 40% and 25 % respectively.

The major reason for these preferences is the vicinity to their offices, additional is the well planned residential projects which are present in the locality and last one is the availability of water, which is a severe problem in the remaining parts of Chennai.

ECR:

The East Coast Road (ECR) in Chennai continues to view expansion of premium and luxurious properties in Chennai which is aiding the essentials of High Net Worth (HNW) sector. In the last year, the location has reported price value appreciation of around 15%.

Location is seeing an inherent demand of ocean facing independent villas and apartments for sale in ECR. This is a luxury residential area that has been recognized by the developers and investors.

In the last three to four years a lot of leading property developers and construction concerns have hurled series of luxurious properties in Chennai on this belt.

The strategic stretch of Velachery-Tambaram road on ECR providing excellent connectivity to Velachery has engrossed buyer’s interest. In past year, this stretch has seen the growth rate for apartments for sale in ECR is approximately 10%. Several professionals announced that this trend will remain in the future.

Thoraipakkam:

As per the Prop Index, the locality is in demand because of ready-to-move-in properties in Chennai also the Thoraipakkam is sought after destination owing to its vicinity to OMR. IT couples choose Thoraipakkam for residing due to their convenience and connectivity, infrastructural development, presence of schools and colleges, etc. Hence these availabilities impact the flats for sale in Thoraipakkam.

Locality is located on what is known as the IT thruway, on OMR, currently called as Rajiv Gandhi Salai, the leading six lane road in Chennai. Thoraipakkam-Pallavaram Radial road functioning east to west and too connect the IT corridor and the GST Road drives the growth of properties in Chennai Thoraipakkam.

It is also well connected to airport particularly after the inauguration of the flyover (ROB) at the western side of the stretch in October 2010. Region has experienced considerable growth throughout the last decade, and it aids as an improvement in residential flats for sale in Thoraipakkam in South Chennai.

Thus, to get a healthy returns and closeness to the offices make your investment in properties in South Chennai. Hence this would be a right choice of your investment.

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