Investing in residential spaces is no simple ordeal. They are for most investors, life altering decisions since a lot of money is at stake. However, a rightly chosen home can bring in exponential returns and immense satisfaction. There are many factors that go into the decision of purchasing a new or proposed property. Location plays a big role in choosing a property of your choice. The current market trends in Chennai draw favorable conclusions on specific pockets. Flats for sale in Chennai suburbs fall under such a category. Today, prospective buyers are in the lookout for up-market apartments and homes in suburban regions not only because of existing favorable reasons but also because of high ROI properties here promise.
Perumbakkam is one of those suburbs in Chennai where you should be investing in the next five years to reap large returns. There are a number of reasons why Perumbakkam is expected to rule the Real Estate roost. Here are some significant factors contributing to a purchase choice.
- Perumbakkam enjoys unparalleled location advantage. Perumbakkam is well connected to the two IT corridors, OMR as well as Sholinganallur through ECR Link Road. Enhanced connectivity between Perumbakkam and Siruseri establishes quick and easy commute to Siruseri IT Park. The setting up of Financial City in the vicinity multiplies location advantage in Perumbakkam. And because of these reasons, majority of flats for sale in Perumbakkam are bought by IT population.
- Perumbakkam offers a balance of all kinds of homes and properties. There are these large up-market apartments preferred by those with deep pockets and also the smaller homes that are afforded by the middle income groups of people.
- Relatively reasonable land prices in Perumbakkam fuel the construction of villa projects since the area has an abundance of land that can be utilized for development of residential and commercial Real Estate.
A 3BHK Model Flat in Perumbakkam
All these reasons and more make Perumbakkam a favorable destination for Real Estate investment in Chennai. This is one region that you should consider investing in within the next five years to take home big returns on your investment.
Social infrastructure is being strengthened in suburbs of Chennai as the areas like Perumbakkam gears itself for a realty boom. As the flats for sale in Chennai suburban regions are rapidly booked for delivery, the areas are also fast observing construction of hospitals, educational institutions and shopping malls to make life as close to the Central Business District as possible.
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