Q: Hello Guys! I just got back from Australia a month back, and my wife and I will be leaving again after 4-5 months. Before I leave, I want to invest in a ready to move in apartment in any area within Avinashi Road. The reason I want to invest in Avinashi road is because it’s a nice and busy area, and I am thinking of renting out the house when I go back to Australia. Please suggest good properties to invest in! Thanks for helping out.
Oh, don’t get confused, use it as an opportunity to list down all these properties, it’ll save your time. And hey in Manchester also people are selling apartments for 90 lacs and all. So, it’s pretty much in the same league as mayflower and ABC avenue. Most of these are resales, so typically you’ll get nice furnished ones only. You’ll find many more for less than this budget. Many big and small apartment complexes in Avinashi road, out of which these 3 usually are more popular. Talk to an agent or something man, it’ll make your life easier.
Hey, yea I think I Mayflower is better than Manchester towers, if your budget permits. However, I will tell you about one more that I know of called Gowtham ABC avenue. Best thing about this one is that it is only been ready to move in since a year, so property is very much new and well maintained. The price is pretty much the same as Mayflower Grandeur, but you’ll get 4BHK in same amount. It is located in Bharathi Colony. They have nice amenities like gym, pool, badminton court, etc etc. I hope you won’t get confused, but try and pick out the best from all this information. Good luck.
I’ll tell you what if you extend your budget to like a crore, you can invest in better properties than Manchester towers. Check out Mayflower Grandeur. They have many amenities, so the price is higher, but I think you’ll get good future benefits in terms of rent and stuff. You can ask for more than Rs. 25,000 easily per month. The specifications of the apartments are nice oki, so it’ll be a worthy investment. The minute drawbacks about this is that it is a 4 year old property and is little on the expensive side.
Brother, that’s a very wise decision, best way to invest and pay for the investment through rent. I’m impressed with your planning. However, I hope you are going to Australia for long term and not for few months, otherwise renting the house will be a pain. Anyways, I think you can check out the Manchester Towers. This property is near the Lakshmi mills signal, and if you see rent wise, you can easily get 18,000 - 20,000, for a 3 BHk from tenants. You will get a 3 bhk for less than 70 lacs here. It’s a decent gated community, you have quite a few recreational amenities also so it’ll be a reasonable investment.