Southern suburbs offer huge potential for the buyers

South Chennai is observing a consistent expansion once it comes to residential sector. A lot of industry experts trust that it remains to dominate through Chennai as a hub for suburban growth. Southern suburbs have observed utmost appreciation of 20% and holds maximum number of upcoming residential properties in Chennai for sale. Nowadays, region of the home has become as much a factor as the value and expansion group. Prop Index suggests that in Chennai lot and lot purchasers select South Chennai as an ideal destination to buy propertiesin chennai.

Knight Frank India report indicates that OMR, Sholinganallur and Pallikaranai are the prime locations in South Chennai which can be considered as hotbeds for property investment and going forward, can attain perceptible appreciation.

OMR:

Old Mahabalipuram Road (OMR) is active with residential doings with numerous builders launching their projects here. Being a home of IT corridors, region has ultimately headed to a demand for housing units in this area. Its strategic position has been a most important reason for a stable demand and capital appreciation for residential flats for sale in OMR. Region enjoys decent connectivity with improved roads and is adjacent to the forthcoming SEZs. Thus, buyers can expect a good surge in values in next 3 years.

Sholinganallur:

Sholinganallur is positioned along OMR is easily connected to all important place of the city. Besides, the region rides on the affordability feature. Area is mainly driven by end-users accounting to nearly 60% of the overall buyers. Therefore, in line to the demand, primarily 2 and 3 BHK flats for sale in Sholinganallur of prices ranging from Rs. 5000 sq. ft. are available. Viewing the prospects of the region, lots of new builders have entered into the residential market of Sholinganallur.

Pallikaranai:

Pallikaranai is the emerging investment corridor of the southern suburbs after OMR. The growing IT industry, influx of international retailers, varying banking and finance companies and forthcoming service sector are some prime aspects boosting the growth of property prices. The demand for residential units is growing by every day and is expected that realty rates of this region is are going to be twofold in the upcoming years.

Pallikaranai has already seen a 15% surge in capital values, although there has been a substantial increase of over 20% in the investigations made in the last 4-5 months. The foremost drivers of flats for sale in Pallikaranai comprises rising job occasions, connectivity to significant regions, access to public infrastructure, vicinity to premium workplaces, etc. The present capital values of this region varying from Rs. 4676 per sq. ft.

Therefore, with its excellent connectivity, closeness to commercial spots and public infrastructure, these southern suburbs seems to be ultimate option for all purchasers. Whereas there is comfort for end-users, investors can expect for huge appreciations in the impending quarters.