Investment in Red Hills

Q: Heard that Red Hills is drawing large number of residential and commercial real estate developments? Kindly discuss on this news.

Murali Krishnan, Chennai

1st April 2014

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Replies (3)

Read Hills is a great place to live in.Chennai was one of those cities which has not been affected in real estate sector.

Damodar, Goa

2nd April 2014

Comment

Guys some of the areas such as Anna Nagar, Ambattur and Perambur. Here Anna Nagar offers a 1000 sq ft unit within Rs 90 lakh to Rs 2 crore, in Perambur and Amabattur a similar unit costs between Rs 40-60 lakh.

Balwinder Singh,

1st April 2014

Comment

How is the Social and physical infrastructure ?

Rubiya,

1st April 2014

@Rubiya: Red Hills is hardly 12km away from the city centre and is well-connected via public transport and road networks. The Red Hills bus depot is reachable within 5 minutes and has buses running at frequent intervals to all parts of the city. One can reach Broadway, Mount Road and Adyar within 45 minutes from Red Hills and also it falls just along the highway which connects to the main city.

Balwinder Singh,

1st April 2014

Hi Murali: It is a strategic location on the banks of Puzhal Lake not only adds to the serenity of the location but also makes it free of water woes. Here the values of built spaces, such as apartments, villas and single floor units range from Rs 3,000-3,200 per sq ft.

Himani,

1st April 2014

Comment

How much is the price for 2bhk ? What about other localities ?

Joydeep D,

1st April 2014

@Joydeep: Hey a 1000-sq-ft 2BHK unit is available within Rs 30-32 lakh. They also provide common amenities such as power back up, reserved car parking, vastu compliance and RO water system.

Himani,

1st April 2014