Now a days investment in plot is becoming first priority in Chennai.

Javed, Chennai

24th December 2014

Real estate News in Ponmar, Chennai

omr

investment destination

buying property advice

buying plots in chennai

chennai real estate news

chennai plot projects

chennai real estate investment

ponmar

ecr

Follow Discussion

Also see discussions for

Chennai Ponmar Real estate News Real estate News in Chennai Real estate News in Ponmar

Replies (4)

Hi, these is very much true that most of the investor are looking for plot rather than apartment these day. as increasing number of issue in purchasing unit like delay in project, bad quality of work, communication gap with builder will create increasing tends in plot buyer.

Murali Krishnan, Chennai

11th February 2015

Comment

Hi Mr JAved,

As per my knowledge, Padappai, Oragaddam and Sriperumbudur along the NH-4 stretch have been showing fast growth. The last two months have shown a lot of conversions inquiries into actual buying. The biggest investors are NRIs from the Middle East and Singapore.

Kushal, Chennai

24th December 2014

Comment

@ Javed,
Though an apartment may seem to be a better bet as it ready for living, investing in plots makes a lot of sense. Flats are an inflexible format of property and this limits the maximum value they can attain. Flats are snapped up in most cases, but at fixed residential prices dictated by prevailing market rates. As an area attains more market drivers and begins to saturate, plots increase in value manifold and can be sold on a seller's, not a buyer's market. Also, land is cheap in most cases and becomes a good capital investment.

Raghav TK, Chennai

25th December 2014

@ Mr Javed,
Buying a plot or apartment depends on individual choices and requirements. But investing in plots does make sense in the long run because appreciation is higher on a plot and they can be used for joint ventures. Plots in peripheral areas are more for a long term investment. They can be leased for storage and small production uses that need open spaces. With additional investments, they can also be leased for warehousing and industrial activities by building sheds.

Shyam Sundar, Chennai

25th December 2014

Hi Javed,

In my point of view, plots can then be redeveloped in the future and new offices or apartments can be constructed on them, if local laws allow. Alternatively, until one actually intends to construct on the land for selfuse or for commercial purposes, one can undertake horticulture or some similar activities to earn some income.

Ananth KV, Chennai

26th December 2014

Hi,
As per my knowledge, it is important to make a few checks before buying a plot. It is essential to make legal checks on ownership history . Clear land title with no outstanding loans, taxes or mortgages must also be investigated. A buyer must ensure that the land parcel is not reserved for any government projects and does not belong to the agricultural category.

Muniraj, Chennai

26th December 2014

@ Javed,

In my point of view, aspects of approval needs to be checked, whether the plot is DTCPCMDA approved, whether bank finance would be made available, proper Roads and Infrastructure have been provided (EB, Water etc), also amenities within the projects and other developments coming up around it needs to be researched.

Yugesh Gowda, Chennai

27th December 2014

@ Mr Javed,

Infrastructure development, lower rates and the likelihood of prices rising fast guide buyer preferences, say experts. Rajiv Gandhi Salai and Oragadam are the hubs of activity for the IT and manufacturing sectors.While Rajiv Gandhi Salai is an attractive choice due to its proximity to the various IT Parks and IT-SEZs, plots near Oragadam are ideal for investment too as it is an automobile hub. These locations are well connected by road and rail and the presence of various multinational companies have triggered real estate growth.

Ravi Kumar, Chennai

24th December 2014

Comment

Hi Javed,
According to me, Vandalur-Kelambakkam Road is one of the future growth corridors of the city as it connects two important arterial roads Grand Southern Trunk Road (GST) with Rajiv Gandhi Salai. Easy connectivity, and presence of many educational institutions in the vicinity have led to many residential project launches in this belt which will positively impact the future valuations of residential plots in the region.

subramanya, Chennai

24th December 2014

Hi Javed,
As per my knowledge, the severe space crunch in the city has resulted in land prices in the city going through the roof, sending plot developers and buyers scout for land on the outskirts resulting in a spurt in real estate development in these localities. Now a days plot prices are growing high & fast in Chennai.

Pavan kumar, Chennai

24th December 2014

Comment

Hi Mr Javed,

Areas along the East Coast Road (ECR) between Mahabalipuram and Pondicherry, off the Old Mahabalipuram Road like Thalambur, Ponmar and Illalur have become hubs of activity. When it comes to investing in plots Thaiyur, Kalavakkam, Thalambur, Thiruporur, VandalurKelambakkam Road are also a good bet.

Venu Gopal, Chennai

24th December 2014