Investment in West Chennai

Q: Hey I heard that investmnet in west Chennai is good. Kindly discuss and let me know the details ?

Srinivas , Chennai

9th June 2014

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Replies (2)

How is Gerugambakkam ?

Vivek Kulkarni,

10th June 2014

Comment

@Vivek: the locality is convenient for those who work in the DLF IT Park. In addition to being affordable for the middle-income home buyers, the locality is also well-developed in terms of social infrastructure such as educational institutions etc.

Pranab Malakar,

10th June 2014

What about the price range there ?

Vivek Kulkarni,

10th June 2014

@Vivek:The property values for apartments range from Rs 3,000-3,500 per sq ft and plot values from Rs 2,000-2,500 per sq ft. Accordingly, the apartment sizes are upto 1300 sq ft and plot sizes upto 2000 sq ft. Gerugambakkam’s real estate market is mostly driven by the middle-income IT professionals working in companies situated in Porur, 6-km away.

Pranab Malakar,

10th June 2014

Which are the other localities in Chennai good for investment purpose ?

Vivek Kulkarni,

10th June 2014

@Vivek: Hey the west Chennai which can be considered for properties within Rs 40 lakh are Tirumullaivayal and Veppampattu. In Tirumullaivayal, mostly multi-storey apartments and single floor apartments are available within this budget, whereas, in Veppampattu, more of residential plots can be found.

Pranab Malakar,

10th June 2014

Hey Srinivas, In Sriperumbudur the locality is a major industrial area of the city and attracts home buyers working in the nearby industries such as Hyundai, Ford, Nissan, BMW, Samsung, Dell, Nokia, Saint-Gobain and Hindustan Motors.

Pranab Malakar,

10th June 2014

Comment

Hey I want to know what is the price range for Sriperumbudur plots ?

Vivek Kulkarni,

10th June 2014

@Vivek: Hey the apartment values in Sriperumbudur range within Rs 2,700-3,400 per sq ft and the plot values are Rs 2,000-2,600 per sq ft. Within Rs 40 lakh, buyers can find apartments of sizes up to 1400 sq ft and plots upto 2000 sq ft. :)

Pranab Malakar,

10th June 2014