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Is it good to sell a farm/resort land ouside OMR, and buy an apt. in Guindy for myuse/rental?

Q: I have a small farm & resort land overlooking the water close to OMR, in a small village in Thirukakukundram taluk, a short drive from the city. Is it a good idea to sell it and buy an apt. inside the city in Guindy - Considering the difference in these property types with respect to appreciation, income and maintenance requirements. Income and appreciation is what I am mostly looking for in these.

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Replies (5)
1
Thanks Anandraj, Sundar and Rajiv. I appreciate your thoughts.
- Roykot
roykot


2
Thanks Anandraj, Sundar and Rajiv. I appreciate your thoughts.
- Roykot
roykot


3
I second you Anandraj. Even I am planning to book a property for investment purpose, you can read a well researched article about why people are investing in OMR, click on the link to check the details Why Invest in OMR Chennai?
Rajiv


4
Guindy is listed among the prominent neighbourhoods of the city. The neighbourhood is encompassed by Saidapet in the north, Velachery to the south, Kotturpuram and Adyar towards the east, while Adambakkam and St. Thomas Mount are located west of Guindy.

The locality also homes numerous important landmarks; the most popular being the Guindy National Park which is the sole National Park to be situated within city limits. The Guindy Thiru Vi Ka Estate also serves as the chief hub for a multitude of small and medium scale industries.

ore than 60 per cent of demand in Guindy is for office and commercial spaces. The major demand however, is in rental properties than for properties on sale.
Sundar


5
Hi Roykot, I would say that it is not a good idea to sell off a property which in OMR as the locality is developing and you will definitely get good appreciation in the coming days. But it is completely upto you what you want to do.
Anandraj Iyengar


6

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