Buying Land @ Chennai

Q: Hi,

I am planning to buy a land at developing and decent residential location at chennai. My budget is a bit low, less than 35 lakhs. Could you please suggest a good growing location where I can buy. This is basically not for investment. I am planning to build a house at later date. What about Kovur and East Tambaram? Any other good locations that will suit my budget? Please suggest.

SARAVANAN, Apartment Resident, Chennai

18th September 2015

Buying property in Chennai

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I dont know of any places specifically in Tambaram or Kovur, but a few days back I heard about Radiance Realty offering Plots near ECR, the project is called Marina and is being talked about a lot, you should check it out, it might just fit your needs. You can visit: http://bit.ly/1V9iOvM

Anita Shetty,

8th December 2015

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As per my knowledge East Tambaram is the best place to buy the plot at your budget

Sakshi Dhawan, Chennai

21st September 2015

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Localities like Urapakkam, Guduvanchery and Maraimalai Nagar is showing great potential growth. Located towards the southern extent of the GST Road, these localities are comparatively affordable and suit those with a limited housing budget. Majority of the new launches in Maraimalai Nagar are configured as 1-3BHK units and are priced within Rs 40 lakh.

Komathi, Chennai

21st September 2015

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Hi As per my understanding and observation localities situated between Chromepet and Vandalur along he GST Road, which runs parallel to OMR, are witnessing aggressive real estate development. Most of the new residential projects have been launched in Tambaram, which is easily connected to the major IT hubs via road and rail networks. The projects offer 2-3 BHK apartments sized between 800 sq ft and 2400 sq ft.

Sundar, Chennai

21st September 2015

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As per my knowledge, apart from connectivity, security and infrastructure pushes up the housing demand here. Tambaram East is directly connected to the State Highway 10, Grand South Trunk (GST) Road, Velachery Road and the Outer Ring Road (ORR). It offers better transportation facilities over the West, with wider roads. The Tambaram Railway Station is at a distance of 2 km and the Chennai Airport at 10 km through the Velachery-Tambaram High Road.

Pavan kumar, Chennai

21st September 2015

Comment

Tambaram East is seeing maximum demand for property within Rs 30-40 lakh budget range. This is because of the presence of the IT belt and SEZ within a radius of 2-3 km of the locality. Professionals working in these companies can stretch their budget to Rs 45 lakh, driving demand for housing within this budget, especially for 2BHK units.

Kiran Kumar, Chennai

21st September 2015

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