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Q: I want to invest in Chennai residential property. So which is the best localities where I look for promising investment.

Javed, Chennai

12th February 2015

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Replies (14)

Hi I read this thread and this is really very interesting and useful tips about localities review. These points are really very important when you are going to buy apartments or Flats. I think Tambaram is growing best residential real estate. This area is food for affordable housing compared to adjacent Chrompet, Just 5 Km apart from Tambaram.

Harish, Chennai

22nd June 2015

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Hello dear, I have read some of the good articles about Velachery development in recent years. Yes, you can consider Velachery as an investment option because of its proximity to the IT corridors. Three elevated roads and a skywalk being are planned by the Highways Department. The first road will start from Raj Bhavan- the Velachery Road and descend after Velachery Bypass junction. The Tharamani Link Road is also under construction. This is a major road that leads traffic to OMR. To reduce the traffic snarls and decongest the same, the road is now being widened and the work is expected to be over within eight to nine months.

Murali Krishnan, Chennai

21st June 2015

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Hi, I think water logging issues in their in Velachery. Monsoons can be taxing especially with the sewage and dump making things worse in places where road repair has not been undertaken. Bhuvaneshwari Nagar to Annai Indira Nagar in Velachery has problems of water-logging during the rainy season.

Anandraj Iyengar, Chennai

21st June 2015

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Hi, I am new to this forum, but I need some help from all you guys! I heard lots of news about Velachery is a good destination for investment. Please guide me... any thoughts appreciated.

sharath, Chennai

21st June 2015

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Hi, I think that the water crisis is one of the problems in this area.It could be really difficult during summers. Residents are hoping for metro water supply on a daily basis. Today, it is limited to just a couple of hours.

Venu Gopal, Chennai

20th June 2015

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Hi Srinivas, If you are looking for future investment then this area is good. This area has a lot of potential to gains appreciation. Capital values are in the range of Rs 8000 to Rs 12000 per sq ft.Appreciation of localities is due to the vast network ensures connectivity to remote areas where IT/ITeS, manufacturing, advertising, digital marketing offices are located.

S Subramanium, Chennai

20th June 2015

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Hi, I would like to hear your opinions about Alandur and also about water condition in this area. Do you guys think Alandur is a good investment option?

Srinivas , Chennai

20th June 2015

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Please how is the Avadi- Poonamallee High Road locality for property investment and future gains?

Ravi Tripathi, Apartment Resident

20th April 2015

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Hello, Ravi, I think Alandur, Velachery and Tambaram are the three locations to invest in the Chennai current market. These locations will give you max appreciation both in the rental as well as residential trends.

Pavan kumar, Chennai

19th June 2015

Very interesting insights. Thanks for your valuable inputs. With the Koyambedu to Alandur metro soon to be operational, trends believe, this is one area where infrastructure is set to boost realty.If anyone looking for affordable housing, opt for Alandur where property prices are in the range of Rs 30 lakh - Rs 50 lakh.

Rama Naidu, Chennai

19th June 2015

Hi Ravi, Avadi- Poonamallee High Road is one of the attractive destination for end users. With better connectivity to the other part of Chennai, these locations get a future advantage. Most of the good builder is coming up with his project in this area.

Gaurav, Chennai

19th June 2015

Hi,
For an end-user, capital gains are a consideration. As per market trends, you may look into following areas such as Velachery, Adyar, Anna Nagar, Perungudi, Chromepet, Madambakkam, Kelambakkam, Madipakkam and Iyyapanthangal. Average capital values in the area are within Rs 5,500 per sq ft with the exception of Adyar and Anna Nagar where prices are in the range of Rs 8,000-15,000 per sq ft.

Murali Krishnan, Chennai

19th February 2015

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Hi all.
If anyone invested in Thirivanmiyur, for rental purpose ,I want to point out few point that many employees looking for a house close to their workspace at TIDEL IT Park would be your tenants. As I know that location is a cosmopolitan culture and lot of North Indians prefer this because there is a Hindi speaking population, unlike in the far off places where you find only the local crowd.also Over time, they even plan on investing here.

Uday kumar, Chennai

17th February 2015

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Hi all,
I have seen in news paper that the new link road that has received permission from the state government. Also location get maximum advantages with connect Neelankarai on ECR to the radial road at Thorraipakkam. If this materialises, not only would the commute time be reduced but property values would also escalate. The upcoming metro, at a convenient distance, is also set to push up property values.

Komathi, Chennai

13th February 2015

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Also, these localities got Prime reason being proximity to the business districts of Old Mahabalipuram Road (OMR).

Murali Krishnan, Chennai

12th February 2015

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Hi javed,
If you are looking for rental appreciation in the range of Rs 7,000-30,000 per month then you have to look in these area like: Chromepet, Madipakkam, Thoraipakkam, Medavakkam and Thirivanmiyur. all there area are covered with IT industries and other commercial market. Due to increasing trends of corporate environment these localities got maximum upwards trends.

Murali Krishnan, Chennai

12th February 2015

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New govt provide huge hope in infrastructure market, which will impact residential market all over India. As the property market speeds up and buyers actively start looking for properties, the New Year seems to be a little more promising than the previous quarters.

Murali Krishnan, Chennai

12th February 2015

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