The Chennai people's most awaited metro rail network has started its operation recently between Koyambedu and Alandur. According to the sources, the other phases of the metro rail networks are expected to be opened for public soon. Now, Chennai is on par with other major cities like Bangalore, Mumbai, New Delhi and Jaipur. Further, the metro project will not only improve city's infrastructure but also the real estate market.

1. Newly launched Chennai Metro is all set to uplift city's realty market
The Chennai people's most awaited metro rail network has started its operation recently
between Koyambedu and Alandur. According to the sources, the other phases of the
metro rail networks are expected to be opened for public soon. Now, Chennai is on par
with other major cities like Bangalore, Mumbai, New Delhi and Jaipur. Further, the metro
project will not only improve city's infrastructure but also the real estate market.
Totally there will be nine trains that will run between the 10 km Alandur-Koyambedu
metro line stretch and the commuters can catch a train at a frequency of ten minutes. The
metro stations on the Koyambedu-Alandur include CMBT, Arumbakkam, Vadapalani,
Ashok Nagar and Ekkatuthangal.
Apart from making the commuters happy, the metro has open the new doorways for the
real estate developers in the city. The property builders are now currently focusing on the
constructing residential projects in the suburban areas that have close proximity to the
metro connectivity. Especially, the areas like Arumbakam and Vadapalani are witnessing
a huge demand for plots among the real estate developers to develop flats and villas in
Chennai. According to a recent report, Vadapalani has more than 138 residential projects
out of which 133 projects are offering ready to occupy homes.

2. The capital appreciation of the apartments in the locality have raised up to 17% in past
one year thereby making the area as the top investment destination. Thus, if you are
looking for flats in Chennai for investment purpose then Vadapalani would be the ideal
choice.
Apart from Vadapalani, Ashok Nagar and Arumbakkam are other two major areas that are
witnessing a heap of residential activities in recent times. As these localities offer
multiple property buying options ranging from apartments to builder floors, the home
buyers are largely attracted towards these localities. Apart from it, the high Return on
Investment (ROI) is one of the major factors that has encouraged many property investors
to invest in these localities. The price of the flats in Arumbakam has increased up to 11%
thus making the locality as an ideal choice for investment for second time home buyers
and property investors.
Alongside, Koyambedu and Alandur are seeing a steady real estate growth and it is
expected that demand for buying properties in these two areas is likely to increase further.
Thus, if you are looking to buy villas or flats in Chennai for investment purpose the
preferring the areas near metro should be an ideal choice.
http://www.indiaproperty.com/