I am about to purchase a well-furnished house in Velachery. I won't stay in this house, as I have already my own house in Guindy. I just needed the suggestion, either I should avail this property for commercial or residential purpose. Which will give me a better return?
Velachery is the good place for getting the rental return in the current market. Velachery is one of the prime residential localities in Chennai for both sale as well as rent. Several major infrastructures are going to construct in this area. This location is becoming a hot spot for investors as well as home buyers, primarily due to its strategic location just off the Old Mahabalipuram Road .
Hello , I would like to know which area is the best suit for the rental market in Chennai and what should we keep in mind the important factors that will help you get the best yield on a property?
It would be advisable that you should add following list of features that will attract a better yield from residential property: 1. Whitewash 2. A beautiful entrance 3. Furniture 4. Flooring 5. Electrical appliances 6. Storage space
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Yes, as far as i know it is good option for investment, as chennai airport is just 17.5 km and nearest railway station Urapakam is just 1 km from this project. Rent for 2bhk would be around 15,000 per month and for 3bhk would be around 20,000 per month.
Some of the basic amenities are like Garden, Play Area, Health Facilities, 24Hr Backup, Maintenance Staff, Club House, Rain Water Harvesting, Cafeteria, Gymnasium etc.