Investment in Chennai city or suburb

Q: Hi please tell me..investment in Chennai city is good or it suburbs. Suggestions invited.

Govinda,

8th February 2013

Investment Advice in Chennai

apartments in chennai

projects in chennai

suburbs in chennai

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Replies (5)

Hi rituraj..I would suggest to take a apartment for rent rather buying in Navallur. I think this area has the cheapest rental rates. One should invest in other areas of Chennai..like in OMR, Velachery etc.

Bulbul Verma,

28th February 2013

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Hi..you should invest in Suburb of Chennai..you can check out Navallur suburb..this area shows all signs of growth in future. In next 3-5 years..more than 20 projects will be completed and many are proposed also which will house around 10,000 families. As plenty of land is available, this area shows great potential for the development of Malls, office spaces etc.

Rituraj,

28th February 2013

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Hi Yous should invest in Pallikaranai area. It is located within city limits and is one of the fastest growing residential area in in India. It is expected that prices will immensely grow in near future . Thus investment in Pallikaranai is a wise decision. This area is surrounded by Madipakkam, Velachery, Perungudi , Thuraipakkam, Medavakkam and Karapakkam. Why would such a place would not grow..??

Lekshmi,

24th February 2013

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Hello Govinda...although no doubt city areas will give good returns but suburb areas are also growing...for example Porur... Prices here are continuously increasing too ..it was Rs 4747 per sq. ft. in December 2012. Three SEZ's is coming up in Porur thus it will soon become another IT hub of Chennai besides OMR.

Ravindra Singh,

23rd February 2013

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Hi Govinda.. i would suggest you yo invest in the city area...Velachery is a very popular area . My aunt bought a flat last month.It was good and worth. Currently there are more than 300 projects in Velachery. You can find many good options there. Currently the price running there is around Rs 5850 per sq. ft

Abhishek,

23rd February 2013

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