If you are looking to purchase an apartment in Chennai, then Medavakkam, Adyar, Tambaram, Anna Nagar, Guduvancheri, Velachery and Porur ought to be the ideal choice. Seven areas are their highest preferred places in a city for estate purchases. Were you confused about the choice of the best thing? Wouldn’t stress here to provide you the kinds of details about purchasing your dream home.
Situated beside the iconic river, Adyar is also an area where real estate prices have steadily increased. Famous because of its roads, which lies beneath lush, green foliage providing far needed respite against heat, Adyar used to be a gathering spot for both the Germans throughout the 17th century.
Tambaram is originally a center for the East Indies only at the end of the eighteenth century but was mostly on the current Chennai edge. It is believed which Tambaram draws its title from Taamapuram, an ancient city that stretches back to medieval times. It is currently mostly known to be host to elite universities, including the Maharashtra Christian College and scattered reserves like Gandhi Park in East Tambaram and Tirupur Kumaran Park in Selaiyur.
A small residential community identified at Naduvakkarai and Mullan Village, Anna Nagar, was developed by Tamil Nadu unanimous decision throughout the 1970s. Housing complexes, retail centers, wide roads, green leafy gardens, or colleges were all established.
While these locations mostly attract end users, Guduvanchery is indeed a major attraction to investors. Around 24 km away, Medavakkam, Guduvanchery, is situated throughout the suburbs because of its inexpensive property values varying between Rs 3,000 to 3,500 each sq. ft. This same large percentage of properties in this locality are accessible throughout the Rs 20 to 40 Lakh spending plan throughout the type of planned and executed advancements.
Found in downtown Chennai, Porur is an end-user choice due to the presence of several IT companies. As per the data, Porur is among the most technology is changing with several new projects emerging by builders
Medavakkam is a fast-developing residential locality due to its close proximity to the IT corridor OMR and SEZ in Medavakkam – Sholinganallur Road. According to a 2012 report by global property consultant Knight Frank, the neighbourhood has emerged as India’s 6th largest destination for investment in the residential real-estate, in the list of 13 top residential destinations in the country from an investment point of view, where housing prices are expected to increase by 63% over the period 2012-17.
Velachery is a commercial and residential area in south Chennai, and the largest commercial centre in south Chennai. The growth of the neighbourhood during the last decade can be cited due to the growth of the I.T sector in south Chennai. Velachery as a whole draws a perfect balance between old and new Chennai and is a phenomenon in terms of growth and development.
However, with the emergence of IT parks, like many other cities across India, things changed.