Trends in Residential Real Estate Investment in Chennai for 2024-2025
Chennai is India’s safest city with good social infrastructure, an IT industry, and a rich culture. It is also home to numerous prestigious educational institutions, and tourist attractions featuring regional cuisines. So, this is one of the best metropolises to make real estate investments. In addition to this, there are several IT Sectors in Chennai that also enhance the need for investing in residential housing options. For a variety of reasons, Chennai is an excellent location for investing in Chennai.
The city is witnessing rapid expansion in infrastructure and new job opportunities in IT and many other sectors in the year 2024 and it will continue in the coming years. So, this contributes to the increasing demand for real estate in Chennai.
Reasons to invest in real estate in Chennai
Chennai offers affordable real estate housing options than many other big cities. It is an attractive option for investors when it comes to property investing to get a higher rate of investment. This city is drawing investors from all over the nation and the world because of these reasons:
- Chennai’s residential real estate market is competitive and attracts people from all across India.
- Chennai is home to a growing, diverse economy that includes industries like manufacturing, logistics, healthcare, and information technology.
- Investing in a Chennai real estate property leads to long-term benefits and stable rental income.
- Also, this city offers an acceptable cost of living when compared to other big cities like Delhi and Mumbai.
Chennai’s economy is expanding, which means there are lots of work opportunities in IT and non-IT companies. Rapid economic and commercial growth is also drawing fresh minds from all over the nation in search of employment opportunities. Thus, all these reasons are making people invest in real estate.
Developments in Chennai in 2024 – 2025
Chennai’s investment in real estate has shown exceptional growth in 2024 compared to 2023 in terms of new home launches and housing sales. In 2025, the city is expected to have a major positive impact on the economic growth of the state. The state’s gross domestic product has been consistently growing, which is good news for Chennai’s real estate market. Today the rates of bungalows, flats, apartments, and villas in Chennai are appreciating rapidly because of its social infrastructure and economic development.
Economic growth in the state would result in more investment and job opportunities. As a result of which it will raise demand for real estate. So, it is expected that property values will increase dramatically, making this a great opportunity for investors to invest in the market and to gain profit in the coming years.
Top 10 Developing Areas in Chennai to Invest
Chennai’s growing IT industry, ever-expanding infrastructure, and connectivity to major landmarks make it the best place to invest in Chennai. Are you looking for some best places to invest in Chennai?
Here are the top 10 developing areas in Chennai where you can invest:
Velachery– The best area to invest in Chennai
Velachery is one of the best locations in South Chennai where homebuyers can invest due to its growing infrastructure. It is close to important healthcare facilities, educational institutes, and IT hubs like Chennai One IT SEZ, and Bahwan IT Park, etc. People who work in the IT sector choose this region because of its sound connectivity to other parts of the city. In addition, there are several hospitals and schools in the area, and the rental market is robust.
A few top apartments or flats for residential investment are:
- Casagrand Riviera
- Navin Springfield
- Purva Windermere
| Place | Ideal for | Average sale price per sq. foot | Nearby Facilities |
| Velachery | 2 BHK apartments | Rs 7,300 | Phoenix market city mall, Velachery KS hospital, Velachery Mainroad, Velachery Railwastatio, GST Road |
Old Mahabalipuram Road (OMR)- Developing area in Chennai
Known for its closeness to multiple IT parks and strong rental market, Old Mahabalipuram Road (OMR) is another well-liked location in the central Chennai area. For people who work in the IT sector, the location is advantageous to invest in. It is because of its well-connectivity to other parts of the city and the upcoming project of Chennai metro phase 2.
| Place | Ideal for | Average sale price per sq. foot | Nearby Facilities |
| OMR | 2, 3 BHK apartments | Rs 5,200 | Orchid International School, Chennai Bangalore National Highway, Chennai International Airport, Supreme Specialty Hospital |
Tambaram-Affordable locality in Chennai for investment
Tambaram is one of the best places to invest in Chennai. It is located in the center of the city, near to the airport. It has solid infrastructure and is well-connected to other areas of the city. Families and working professionals choose this location because it’s well-connected to multiple hospitals and schools. This location has affordable property rates but it may rise because of its connectivity to Chennai-Trichy highway.
| Place | Ideal for | Average sale price per sq. foot | Nearby Facilities |
| Tambaram | 2 BHK apartments | Rs 2,500- 8,500 | SV International School, Palladium Mall, Thiruporur bus station, Kelambakkam Bus station, Chennai International Airport |
Porur– The best place to invest in Chennai
It is another quickly growing neighborhood in Chennai. Also, it is a well-known locality for being close to reputed schools, hospitals, and DLF IT parks. Some of the best highlights of this locality are its strong rental market and growing social infrastructure. However, purchasing real estate in this location can be a little more costly than other localities because of its expanding developments.
| Place | Ideal for | Average sale price per sq. foot | Nearby Facilities |
| Porur | 2 BHK and 3 BHK apartments | Rs 8,470 | Forum Vijaya Mall, Puducherry Highway, Guindy Railway Station, Chennai International Airport |
Sholinganallur– Top place in Chennai to invest
Another fast-growing neighborhood in Chennai is Sholinganallur which has proximity, connectivity, and a range of facilities. This is an ideal location for homebuyers and investors to invest to attain a sustainable lifestyle and experience good infrastructure, convenience, and safety.
| Place | Ideal for | Average sale price per sq. foot | Nearby Transportation |
| Sholinganallur | 2 BHK | Rs 7,050 | Dollar Bus Stop, Chennai International Airport, Marina Mall, Global Health City Hospital |
Korattur– Top area for investment in Chennai
This location is situated around five kilometers from the Chennai-Thiruvallur High Road. Also, it is approximately 14 kilometers away from Chennai Suburban Railway Station and Korattur Railway Station. So, it’s regarded as one of the best locations to buy residential housing in Chennai. This densely forested area is the site of the Tamil Nadu Housing Board (TNHB) Colony.
| Place | Ideal for | Average sale price per sq. foot | Nearby Facilities |
| Korattur | 2 BHK, 3BHK | Rs 6,700 | Korattur Railway Station, Chennai Suburban Railway Station |
Urapakkam– Developing location for real estate investment
It is located on the Grand Southern Trunk (GST) Road between Vandalur and Guduvancherry. Urapakkam is a growing city that offers all of the services that modern homeowners could need. It has a micro-market, which is surrounded by tall apartment buildings, busy intersections, and a chain of well-known retail establishments. Plotted subdivisions, single-family homes, and apartments and gated high-rise buildings are available for housing options in the region.
| Place | Ideal for | Average sale price per sq. foot | Nearby Facilties |
| Urapakkam | 2 BHK, 3BHK, Apartments | Rs 4,200 | Vandalur, Guduvancherry, Grand Southern Trunk (GST) Road |
Choolaimedu-Residential hub for investment
It is one of the noted developing areas in Chennai surrounded by the neighborhoods of Kodambakkam, Vadapalani, MMDA Colony, and Nungambakkam. This is the best place in Chennai to purchase a home that can offer monthly rentals starting at Rs 8,000. This is both a posh residential and commercial locality that offers multiple benefits to investors.
| Place | Ideal for | Average sale price per sq. foot | Nearby Facilities |
| Choolaimedu | 2 BHK, 3BHK, Apartments | Rs 7,300 | Loyola College, Kodambakkam, Vadapalani, MMDA Colony and Nungambakkam |
Pallavaram-Well planned to invest in Chennai
It is a rapidly developing area in Chennai that has a booming real estate market with quality infrastructure and an excellent standard of living. Pallavaram is one of Chennai’s best areas, which is located at the crossroads of Pallavaram-Thoraipakkam Road and Old Mahabalipuram Road (OMR). The most appealing fact about this locality is its relatively affordable rates.
| Place | Ideal for | Average sale price per sq. foot | Nearby Facilities |
| Pallavaram | 2 BHK | Rs 5,800 | Olympia Tech Park, Old Mahabalipuram Road, SIDCO Industrial Estate |
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Valasaravakkam– A developing region for investment in Chennai
Located along Arcot Road, Valasaravakkam has gained popularity due to its easy access to major commercial hubs and numerous residential options that comprise modern amenities and facilities. One of the top developers in Valasaravakkam in this locality is ETA Star Property.
| Place | Ideal for | Average sale price per sq. foot | Nearby Transportation |
| Valasaravakkam | 2 BHK, 3BHK, Apartments | Rs 7,800 | Porur, Nungambakkam, Arcot Road |
Conclusion
Chennai is among the best places to invest in residential places because of IT hubs, job opportunities, and excellent public transportation. Future real estate is thriving in Chennai as it is becoming a better place to live because of the infrastructure and connectivity improvements. These are a few top localities in Chennai where home seekers can invest in residential options.
