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Chennai is one of those cities in India with a constantly growing real estate industry. It has one of the country's most stable and growing real estate markets; a prominent reason behind this continuous growth is the advent of the IT sector in the capital city of Tamil Nadu. Several pieces of research suggest that the Chennai property market is promising for buyers and builders as growing demands for properties also result in high returns on investments.
With the city's advancement, the people of Chennai feel more open to considering other housing options than just the ones near their workplaces and schools. Another aspect that has brought an evolution in Chennai real estate is that today, investors are looking forward to investing even in luxury projects with all the amenities rather than mid-sized projects with no amenities. Such trends are revolutionising the city's real estate market and skyrocketing prices.
To fulfil the growing demands in real estate, the developers in Chennai are coming up with several projects ranging from low-priced basic ones to high-priced premium ones. In addition to the city centre, these projects are also being developed on the city's outskirts. These projects include mixed development, township, theme-based, and community living projects.
Buying or renting a house is challenging, as people do not know where to start. When you are in Chennai, it is no different. You might not know where to start to find a property worth your investment. If you are looking for an appropriate residential property in Chennai, the first step is to find the right locality. Chennai is a developed city with some of the best neighbourhoods offering an appropriate living environment. Some of these localities are introduced below.
Located in West Chennai, one of the most popular localities for real estate investment in Chennai is Korattur. It is a part of the Ambattur Industrial Zone and is located along the Chennai-Thiruvallur High Road. In addition to private residential units, Korattur also offers 2 and 3 BHK flats. The average price per square foot in this neighbourhood is INR 6,700.
Strategically situated on the Grand Southern Trunk Road between Guduvancherry and Vandalur, it is a bustling suburban locality. This neighbourhood is everything the modern homebuyers look for. It has busy junctions, towering apartment buildings, a micro-market and a chain of retail stores. The average price here is INR 4,200 per square foot.
Whether you are looking for a commercial property or a apartment for sale in Chennai, Choolaimedu is a neighbourhood you must check out. The average price here is INR 7,300 per square foot. This area has observed rapid development, making it one of the most prominent localities in the city.
Before buying property anywhere in the world, especially when one does not live there, a common question comes to mind- whether the city is worth their investment. If you have the same question for Chennai, below are some reasons that justify buying property in Chennai as a profitable decision.
High ROI is one of the first reasons that appropriately answers the question- Is it worth investing in Chennai? The city's real estate market is growing at a good pace, leading to an increase in property values, significantly offering high revenue from rents and higher overall property prices in the future.
The city is home to several companies in IT and other sectors. These companies attract numerous individuals with their job opportunities. The high employment rate is another reason to settle in Chennai or buy a property here.
With the rapid advancement in all the city sectors, the Government is taking several initiatives to ensure the overall development of Chennai. It is being developed into a smart and clean city to make living more comfortable.
Finding the right property to invest in, especially when looking for a home, is difficult. Several factors must be considered to decide if a property is worth investment. However, Home4us presents some of the most trusted residential options in Chennai to make your search easier, as listed below.
A single tower project by AV Homes, AV Swarnam is located in Madipakkam. It is a spacious residential project spread over 0.11 acres. Swarnam has five floors and 15 units of 2 BHK apartments. Observing the modern housing needs, the developer has built this project to offer a perfect blend of style and comfort. It is designed to suit modern living needs, making it one of the top projects for Apartments in Chennai. A ready-to-move housing society offered possession to the owners in April 2023. Some of the amenities offered here include lifts and CCTV cameras. The starting price of flats in this project is INR 50 lakhs, which can go up to INR 55 lakhs.
Launched in January 2019, Urbanrise Revolution One by Urbanrise was completed in March 2023. It is a beautiful residential project offering builder floors and flats of 1 and 2 BHK configurations. Revolution One is an eight-tower project spread over 12 acres of 4130 units. The price for these apartments starts from INR 29.8 lakhs and goes up to INR 55 lakhs. The luxurious amenities offered here make it one of Chennai's most prestigious residential projects. These amenities include a gymnasium, half basketball court, indoor games room, barbeque space and multipurpose hall. These apartments in Chennai offer high-quality living blended with comfort and style.
Located in Pammal, another project to check out on Home4us is Avittam Thiruneelakandar by Aarya Group. It is an under-construction residential project set to offer possession in March 2024. Avittam Thiruneelakandar is a single-tower project spread over 0.09 acres, with eight units being developed to suit all the basic and modern necessities of the residents of Chennai. It has 2 and 3 BHK apartments between INR 55 lakhs and INR 96 lakhs. Some of the most attractive facilities in this project include video door security, lifts, reserved car parking, rainwater harvesting and a CCTV camera system.
If you want flats for sale in Chennai in Mangadu, Cybercity Rainbow Heights by Cybercity Builders and Developers Private Limited is a must-check project. The starting price of these apartments is INR 32.51 lakhs, which can go up to INR 70.68 lakhs. It has 1, 2 and 3 BHK apartments. Cybercity Rainbow Heights is a five-tower project offering 1756 units. It is a spacious project spread over 30 acres. Some amenities that make this project suit your lifestyle include a medical centre, swimming pool, terrace garden, grocery shop, aerobic centre, cricket pitch and banquet hall.
VGN Projects Estates Private Limited presents one of the most popular residential projects in Chennai, VGN Fairmont. It is located in Guindy and is a ready-to-move project completed in December 2022. VGN Fairmont offers 2, 3, 4 and 5 BHK apartments in its six towers. This project is spread over 11 acres and has 1559 units. The apartments for sale in Chennai start from INR 1.20 crores and go up to INR 3.95 crores. Amenities like a cafe, swimming pool, gymnasium, guest accommodation, intercom facility and reserved parking make this project one of the most appreciated in Chennai.
Located in Medavakkam, VGK Unity Kingdom is another residential project listed on Home4us. This project by VGK Builders Private Limited presents 2 and 3 BHK builder floors. It is a single-tower project offering 44 units. VGK Unity Kingdom was launched in June 2022 and started offering possession in August 2023. The starting price of apartments in this residential project is INR 68.9 lakhs. The price for these flats can go up to INR 96.6 lakhs. It offers amenities like a gymnasium, reserved parking, high security, mini cinema theatre, kids play area and lift.
When looking for a Chennai home, Tulive Azpire is one of the most popular societies to check. It is an under-construction project launched in March 2023. The builder, Tulive GK Shetty, is set to complete it in March 2026. It is a four-tower project offering 148 units. Tulive Azpire is spread over 1 acre. The starting price of these 2 BHK flats is INR 38 lakhs, which can go up to INR 39 lakhs based on the carpet area. Tulive Azpire is located in Mudichur. It offers some of the most attractive amenities like a clubhouse, kids play area, gymnasium, multipurpose hall and indoor games room.
Navins Hillview Avenue in Thirumudivakkam is another popular project listed on Home4us. It is a three-tower residential project by Navin Housing & Properties Private Limited. Hillview Avenue has been a ready-to-move project since April 2015, offering 2 and 3 BHK flats. It has 266 units that start from a price of INR 39 lakhs and go up to INR 79.8 lakhs. Some amenities offered here include a clubhouse, cafe, cycling and jogging track, dance studio, swimming pool, park, outdoor tennis court and lift.
Home4us is one of the leading players in the industry of real estate listing the best residential and commercial properties in all major cities like Pune, Jaipur, New Delhi. Our online platform offers you the best options whether you are looking for a flat or an independent house for sale in Chennai. Our team of experts thoroughly check the authenticity and certifications of the projects before listing them on our website. In addition, when you choose our website to find a suitable property, you can check only the projects that suit your specific needs. Related Blog Posts - Upcoming 10 New Residential Projects in Chennai |Different Types of Houses in India | 10 Top Residential Projects in Mumbai Explore Other Location - Kolkata Property | Property Ahmedabad | Home in Pune