Real estate in Chennai has been recognized as a lucrative phenomenon. Both commercial and residential realty in the city has been doing exceptionally well in the past decade and is projected to yield bigger returns in the years to come. Great infrastructural development activities and rapid industrialization have triggered and will sustain the colossal realty supply and demand Chennai is currently facing. But, there are some locations in the city that are expected to do better than the rest.
1. Velachery: Real estate in Chennai observes a difference w.r.t. the risk appetite of the investor and time span. If the investor is considering short to medium term gains, investing in places like Velachery, Anna Nagar, Adyar and Nungambakkam emerge as good choices.
2. OMR and GST: For medium to long term investment gains, OMR and GST are undoubtedly the preferred options. Moreover, rental yields are also getting higher here simply because people have begun to seek bigger properties and modern amenities that OMR apartments and villas can offer.
Beyond this, real estate in Chennai has never stopped growing. Micro-markets of Sriperumbudur and Oragadam are other lucrative options in real estate investment. These regions are laden with modern integrated townships and sprawling apartments that are no lesser than the properties found in the Central Business District of the city. The demand for housing in the listed areas is so high that most developers are able to sell their units while the property is still under construction. The scenario is only going to get bigger and better.
1. Velachery: Real estate in Chennai observes a difference w.r.t. the risk appetite of the investor and time span. If the investor is considering short to medium term gains, investing in places like Velachery, Anna Nagar, Adyar and Nungambakkam emerge as good choices.
2. OMR and GST: For medium to long term investment gains, OMR and GST are undoubtedly the preferred options. Moreover, rental yields are also getting higher here simply because people have begun to seek bigger properties and modern amenities that OMR apartments and villas can offer.
Beyond this, real estate in Chennai has never stopped growing. Micro-markets of Sriperumbudur and Oragadam are other lucrative options in real estate investment. These regions are laden with modern integrated townships and sprawling apartments that are no lesser than the properties found in the Central Business District of the city. The demand for housing in the listed areas is so high that most developers are able to sell their units while the property is still under construction. The scenario is only going to get bigger and better.
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