What are the best places to Invest in Chennai?
A couple of years ago, the real estate market of Chennai was booming with heavy rise
in prices and even bigger demand for residential and commercial properties. 2013 saw
a dip in realty demand. Although the city has been facing its fair share of ups and
downs in the last one decade, there are numerous positive factors that continue to make
Chennai more endearing than the other metros.
Properties to rent in Chennai also continue to face
relatively high demand simply because the city
demonstrates a lot more potential to grow and
expand. Government initiatives, infrastructural
development, commercial progress and potential to
expand are some of the reasons why Chennai ranks
in the top list of investment destinations. Premium
builders continue to make modern flats for sale in
Chennai that are up for grabs.
Ideal destinations to invest in Chennai
Although Chennai’s real estate market can be
classified into different directions; there are some
localities that are growing by leaps and bounds over
other areas. If you are considering in investing in real
estate in a city like Chennai, you must first gather a
good understanding of these regions before making a
1. OMR/ECR: One of the first few areas to observe landmark developments in real
estate progress; OMR is also referred to as IT/ITES corridor of Chennai. Even
after so many newer localities have started gaining significance, properties here
are still up-market and one of the firsts to be sold. Even properties to rent in
Chennai hold a significant position in OMR/ECR and the nearby Thaiyur. This
scenic location has lifestyle homes, contemporary apartments, opulent villas and
sprawling farmhouses that offer a lot of lung space and even better returns on
2. GST Road
One of the busiest intersections of the city, the GST road is near the most popular
destinations of Chennai. Located in close proximity to Tambaram, Velachery,
Maraimalai Nagar, Medavakkam and other popular suburbs; GST road strikes
gold when it comes to real estate ROI for its investors. A lot of flats for sale in
Chennai are focused in this area for there is abundant commercial activity
surrounding GST Road.
3. Poonamallee High Road
One of the busiest hubs of Chennai, Poonamalle is not just closer to the city’s
central business district but also enjoys the amenities of a suburb. There is
immense infrastructural work that lines Poonamallee easily making it one of the
best destinations for choosing flats for sale in Chennai. The destination is also the
best bet for choosing properties to rent in Chennai.
Akshaya was founded in 1995 under the stewardship of Mr. T. Chitty Babu, a leading light of
the real estate industry in India. It has grown into one of the most awarded companies in the
country acclaimed for its transparent business practices and innovation. The journey over the
last 19 years has seen the company excel in both the home and commercial domains by
building more than 150 magnificent edifices in South India.
Akshaya Services Private Limited
No. 22, 2nd Street, Nehru Nagar,
Adyar, Chennai - 600 020.
Tel: 044 - 2445 1818