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Affordable housing boosted up in Chennai

Q: Hey heard that affordable housing to get a boost in Chennai. Kindly discuss on this news and let me know.

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Replies (4)
1
Hi Mr Ashish,

While Urapakkam is situated at the far end of the Tiruchi-Chennai Highway, Perumbakkam is located along the ECR Link Road. Both localities are in proximity to several IT companies. Perumbakkam is close to Sholinganallur hence, those looking for affordable properties close to the region or along the Old Mahabalipuram Road (OMR) prefer the locality. On the other hand, Urappakam has several IT companies in the vicinity, with the Vandalur-Kelambakkam Road connecting it directly to OMR, an additional benefit for the IT professionals living here.
subramanya


@ Mr Ashish,

West Chennai known for's IT and modern focuses, Porur has the greatest supply concerning the western zone of the city. The area offers flats having 600-800 sq ft secured zone and is favored for its created social framework and vital area at the intersection of Mt Poonamalle High Road and Arcot Road. Its key area near to the business ranges of Guindy and Vadapalani and regions, for example, Kundrathur and Poonamallee, alongside simple openness to the Chennai International Airport assumes a noteworthy part behind the steady interest for the region.
Alex Stephen,  Chennai
5th March 2015


Hi Ashish,

According as far as anyone is concerned, while IT organizations are the significant drivers of land market in South Chennai, the modern belt around Ambattur impact the realty business sector of the northern area. One of the prominent territory of North Chennai, Ambattur offers lofts having 500-900 sq ft secured region in the monetary allowance of Rs 20-40 lakh. The territory is favored by individuals working in the Ambattur Industrial Belt, the SIDCO Industrial Estate and Anna Nagar.
Priya Sharma,  Chennai
6th March 2015


@ Mr Ashish,
As I would like to think, the region North Chennai has vicinity of both neighborhood and prestigious designers who are putting forth both prepared to-move-in and under-development properties. It likewise offers consistent route network to all parts of the city by means of the three noteworthy stations at Thirumullavoyal, Annanur and Ambattur.
Kiran Kumar,  Chennai
7th March 2015


Hi All,

Ambattur's neighboring region Avadi, additionally offers reasonable properties. Purchasers can discover lofts and a couple of autonomous houses in the said plan. Sizes of such properties change from 600-1200 sq ft. At present there are all the more under-development properties in the area.

Known as the base to different divisions of the Indian military, the territory is best for protection staff and individuals working in the Ambattur Industrial Estate. Zones near to the route station, Nehru Bazaar and around Avadi Lake are preferred grown over the inside regions. These areas are better for both end clients & financial specialists.
Srinivas ,  Chennai
8th March 2015


2
Hi Guys,

According as far as anyone is concerned, the main plan class to witness developing request in Chennai is the Rs 20-40 lakh extent, while all different classifications have either stayed steady or recorded a drop in inclination this quarter. The accessibility of properties worth Rs 20-40 lakh is impressive in all zones aside from the focal area.
Pavan kumar


Hi ,

Purchasers searching for properties in South Chennai incline toward Urapakkam and Preumbakkam, while, those looking in the northern area look towards Ambattur and Avadi. Those considering West Chennai incline toward Porur. All these areas offer manufacturer floor units in the said plan.
4th March 2015


@ Ashish Sharma,

As indicated by me, Urapakkam and Perumbakkam offer reasonable properties in this financial plan. Purchasers will generally discover condo in both these regions. Property sizes in Urapakkam range from 650-1000 sq ft while in Perumbakkam the secured zone changes from 500-800 sq ft. The greater part of these properties are under-development with a hold up time of 2-3 years.
Venu Gopal,  Chennai
4th March 2015


3
Yes supratim, also under the scheme the landowner owning 50 acres and above of land can approach the CMDA authorities to express their interest for affordable housing development.
Vivek Kulkarni


Pranab Malakar
Yes and the minimum criteria of land is not restricted to just one landowner owning the entire land but it can apply to a group of people owning the prescribed limit of 50 acres and above.
22nd April 2014


4
Hi Ashish, heard that the Chennai Metropolitan Development Authority (CMDA) has taken a bold initiative to invite the landowners owning 50 acres and above to join the government’s initiative in improving the affordable housing stock in the state. :)
Supratim


5

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