Reasons to buy property in Urapakkam

Q: Hi I heard Urapakkam is good place to buy property. Kindly tell me the reasons for it, as I am planning to buy a property.

subramanya, Chennai

13th March 2014

Real estate News in Chennai

real estate

real estate news

chennai real estate

Follow Discussion

Also see discussions for

Chennai Real estate News Real estate News in Chennai

Replies (2)

How is the rental returns here ?? I am planning for investment purpose ?

Supratim,

13th March 2014

Comment

@Supratims: High residential demand from students in the area and professionals working in the nearby IT companies, the locality has the potential to reap healthy rental returns. Presently, the rental values in Urapakkam range from Rs 9,000-11,000 per month for a 1000 sq ft apartment.

Jackie,

13th March 2014

How about the connectivity and Infrastructure ?

Supratim,

13th March 2014

@Supratim: The locality is well-served by the public transport in the form of buses, autos and railways. the Also proposed to be connected by the metro rail in future.. The locality offers a good mixture of educational centres, healthcare facilities, workplaces and educational institutions. :)

Gurmeet,

13th March 2014

Hi Subramanya, Urapakkam is gaining popularity for residential properties. Also affordable property values here, the proximity to several IT industries and educational institutes. The locality is being highly preferred for end use.

Gurmeet,

13th March 2014

Comment

Hey heard some good developers are coming up. Can you name some ?? Also let me know the price range ?

Supratim,

13th March 2014

@Supratim: The projects coming-up like WS Habib, MD, Ramky Wavoo Developers Pvt Ltd. The property price in Urapakkam range from Rs 3,100-3,700 per sq ft. A 2BHK apartment of size varying between 650-800 sq ft can be bought within Rs 20-35 lakh, whereas a similar flat is available within Rs 25-35 lakh in Tambaram and Vandalur.

Gurmeet,

13th March 2014