Do Apartments available for sale in Chennai Suburbs worth the Investment?

Most investors seek important destinations for investing their money. Real estate in Chennai is a significant medium for receiving large returns on investment especially when the choice of location is made with some diligence. In this case, apartments for sale in Medavakkam and Perumbakkam, Chennai are emerging as a hub for Real estate Investment. Chennai has been witnessing exceptional Real estate growth over the last two decades. While the Central Business District (CBD) has always been the primary center of attraction for both Commercial and Residential Real estate investment; there were other regions that gradually but firmly established their presence in the market. 

OMR and ECR were the forerunners of Real estate progress in Chennai. They were the first regions in the suburban market to observe massive focus from an otherwise conventional mindset of residents in Chennai. Today, these regions witness maximum prices that can be compared to the CBD of the city.

Gradually, as industries made their advent in Chennai; other locations like Sriperumbudur, Grand Southern Trunk(GST) Road, Medavakkam, Tambaram and Perumbakkam also rapidly followed suit in terms of Real estate development. Several Realty reports have identified Medavakkam and Perumbakkam to be the nest destinations of Real estate boom after OMR and ECR. There are substantial reasons that support this forecast.

1. Location advantage

Medavakkam and Perumbakkam are located close to each other and together they are located in close proximity to the important neighborhoods of Chennai namely Tambaram, Sholinganallur, GST Road and more importantly the IT/ITES corridor of Chennai, OMR and ECR. 

2. Connectivity

Connectivity is an important factor that drives decision making when it comes to seeking property either for purchase or rentals. When a location is well connected to other parts of the city through several mediums of transport and speed and convenience play big roles, those locations yield big return on investment. Apartments for sale in Medavakkam and Perumbakkam, Chennai qualify under this category.

3. Price

Real estate Investors across all sections of the society consider price as one of the important factors that drive a decision making process. Apartments for sale in Medavakkam and Perumbakkam, in Chennai are relatively more affordable than the properties in CBD or other parts of the city. However, they are expected to yield more returns and better capital appreciation in the years to come. Therefore investing in properties here is a wise investment choice.

4. Facilities                                                       

The modern man is a slave of lifestyle. He prefers to lead a life of high standards, live in large homes made of reputed builders and stay in places filled with urban amenities within the premises and in the surrounding areas. Therefore, besides location and price, amenities have changed the way people consider Real estate investment. Properties with swimming pool, tennis courts, fitness center, clubs have become fundamental options and amenities such as and preferably international schools, medical centers and retail centers further the value of the property. The elite and a significant part of the middle income groups prefer such properties today and this number is only increasing. Hence, such properties are great investment options today and  the future.

Chennai Lifestyle reflection on a mini public transport

- Sumangali Homes

Builders in OMR