Chennai southern corridor drives huge demand & appreciation due to infrastructure development & growth of industries.

Ananth KV, Chennai

2nd December 2014

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Hi all,
southern part of chennai get better apprication over last few yrs and ECR, Acharapakkam, Maraimalainagar, Singaperumal koil is seen as one of the top location in this corridor and one should look in this area while investing in project over chennai.

Komathi, Chennai

21st January 2015

Comment

Hi Mr Ananth,
Chennai’s southern corridor continues to drive demand and capital appreciation for investors in land development projects. This is because of improved connectivity, expanding city areas, growth of industries and infrastructure development, among others. Definitely this is a suitable place for plot investors.

Pavan kumar, Chennai

2nd December 2014

Comment

@ Ananth,
As per local builders & developers investment in plotted development has yielded capital appreciation ranging from 50-100 per cent in a span of just two years. This appreciation has been seen in ECR, Acharapakkam, Maraimalainagar, Singaperumal koil. If you will invest in plot , surely you will have better appreciation but may be you have to wait a while & you have to choose the project wisely.

VKumar, Chennai

2nd December 2014

@ Mr Ananth,
Yes Mr VKumar, I agreed with your comment. As per my knowledge, projects in the west and northern corridors have resulted in lesser capital appreciation of 25 per cent and above during the same period. Trivellore is the only exception, which has doubled during this period due to a combination of factors.

Ravi Kumar, Chennai

2nd December 2014

Hi ,
According to me, the southern corridor, Grand Southern Trunk (GST) Road, is the longest road and touches Theni in the same state. The Bangalore corridor extends upto 350 km to Karnataka and the northern corridor GNT reaches the neighbouring Andhra Pradesh state after Gummidipoondi.

Raghav TK, Chennai

2nd December 2014

@ Ananth,
In my point of view, moreover, GST Road has a parallel train track upto Tiruchy with Tambaram continuing to remain as the gateway to the Chennai city. The state government’s plan to build a Mofussil Bus Terminal in Vandalur has aggravated the demand for land in the vicinity. From investment point of view, time & place are in same page. This location is a nice deal for plot buyers & investors.

Priya Sharma, Chennai

2nd December 2014

@ Ananth,

According to land promoters in the city, the rate varies from Rs 500-1200 per sq ft for units located in a 50 km radius from the city centre and Rs 250-1,000 per sq ft in 50-100 km radius. Here again, prices vary depending on the developer, location, road width and proximity to landmark areas. If the project is well maintained and has a club house, a premium on the sale price is demanded by select developers.

Srinivas , Chennai

3rd December 2014

In a related development, a few leading developers are planning to enter the land development projects with complete infrastructure development and offer it as premium to investors. This is expected to transform the way in which plotted development projects are being done at present, say property consultants. It is expected that the capital appreciation of this location will high in 1-2 year.

Kiran Kumar, Chennai

3rd December 2014

@ Ananth,

There are certain ground realities which investors should be wary of before plunging into investment. Investors should enter into plotted development projects only if their investment horizon is beyond five years. This is because 100 per cent price appreciation is possible in a 50 km radius in five years and in the 100 km radius, it might take 7-9 years to reach that level of appreciation.

Alex Stephen, Chennai

4th December 2014