Lack of land availability within the Chennai Central Business District has influenced the utilization of land in Chennai suburbs for residential and commercial Real Estate development. The demand of plot for sale in Chennai has quite moved way from the CBD to the suburbs.

1. The Current Status
of
Land sale in Chennai

2. Land asset is always a hot property and a city like Chennai devours vacant plots of land to
create architectural marvels without compromising on environmental requirements.
Development of green buildings is on the rise and the modern Property developers/Real
Estate builders in Chennai are well aware of the need for it.
While the city seems to have engulfed
most of the vacant residential plots in
Chennai, newer and more
contemporary buildings are arriving at
pivotal pockets of the city like
Valasaravakkam, Mount Road and
Poonamallee. These projects spell
luxury, comfort and contemporary
appeal. State-of-the-art buildings, well
equipped with modern amenities have
emerged as the demand from middle
and high income groups of customers.

3. Availability of Land in Chennai
The peripheral locations that include the city’s suburban and micro-markets, on the other
hand, have ample residential plots in Chennai. Also, since most of the multinational
organizations including industries such as IT/ITES, automobile, manufacturing and
pharmaceutical are based out of these locations, these markets are emerging as hubs of
development.
With more and more commercial activities increasing in these areas; the Government is
executing plans of large scale infrastructure development. And as several multinational
organizations open doors of employment to large numbers of professionals, the inflow of
migrating population has also increased considerably. Thereby, the chain effect has created
big demand for plots in the micro-markets of the city.

4. Plot for sale in Chennai North & South circle
South Chennai that includes OMR, ECR, GST Road, Tambaram and Perungudi accounts for
more than half the demand for residential and commercial properties in Chennai. These are
also the places that house more than half of Chennai’s IT organizations. Heading towards
the other direction, North Chennai is home to renowned automobile and manufacturing
organizations. The landscape and skyline of Chengalpet, Sriperumbudur and Oragadam
have changed within a very short span of time. Today, the regions are lined by large
residential projects, gated communities, villas and luxury apartments, international schools,
best-in-class hospitals and medical centers, shopping malls and other destinations for
lifestyle living.

5. Not only is the development focused within the townships but the regions have by
themselves undergone tremendous growth owing to large scale infrastructural
development. Having a piece of land in Chennai or a few more especially in these regions is
beneficial in the short and long run. Besides
infrastructure, these areas are well
connected to the city and therefore
commuting whenever required is not a
problem. Proximity of these locations to
other cities like Bangalore, Tindivanam,
Pondicherry and many others is a great
advantage that Chennai can offer. Besides the resident and migrant population, NRIs are
also showing keen interest on residential plots in Chennai simply because of the healthy
prospects the industry has to offer.
Towards Chennai Suburbs
Lack of land availability within Chennai’s Central Business District (CBD) has influenced the
utilization of land for sale in Chennai suburban regions of the city for residential and
commercial Real Estate development. The demand of plot for sale in Chennai have
therefore moved way from the CBD regions to the suburbs of the city. A healthy balance in
development of different regions has contributed to Chennai’s economy.

6. Also, these are the regions that facilitate numerous advantages for the average Real estate
builders. These include the following.
1. Space, space and more space. On an average, apartments for sale in Chennai
suburbs are 2 BHK flats with over 1200 sq.ft area. On the contrary, apartments
within the CBD are often more cramped.
2. Less investing price and huge returns. While properties in the CBD will undoubtedly
give you exponential rates of return on what you invest, the investment price is
going to be ridiculously high. But micro-markets of Sriperumbudur and Oragadam
are relatively more affordable and also promise to give you exceptional returns.

7. 3. Great infrastructural development. The micro-markets and suburban regions form
the new city simply because infrastructural growth is fairly new and advanced. Plus
connectivity to the city and other adjoining cities and states make them prime
locations.
One who possess very little acres of plot in Chennai especially in the suburban markets are
possibly sitting on huge amounts. They may have invested in a very small amount several
years ago but today these areas are striking gold.
Commercial Realty seeking Land in Chennai suburbs
As Chennai’s Central Business District (CBD) begins to observe deficiency of land,
skyrocketing prices and increasing congestion, Commercial Real Estate investors have
shifted focus to micro and suburban markets for want of large space commercial properties
in Chennai, at more reasonable prices and chance of exponential capital appreciation. As
commercial realty picks up in these areas, the need to stay hooked to the city’s CBD is
gradually losing its charm. The suburban markets are home to sprawling land for sale in
Chennai that offer scope for calm, Eco-friendly and convenient living unlike the more
congested and polluted areas of the city.

8. Hence, these suburban markets are a great Real Estate investment destination. Wise are
those who made early investments in this part of the city for today, these are the regions
that strike gold. It will not be too long before Chennai’s micro-markets observe the status
that the CBD is enjoying today.
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