Jun 2018
04

4 Neighborhoods in Chennai are seeing a sudden BOOM in demand for ready-to-occupy apartments

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4 Neighborhoods in Chennai are seeing a sudden BOOM in demand for ready-to-occupy apartments Update

Ready-to-occupy apartments are becoming highly sought-after these days, owing to the host of benefits and features that these offer. The most obvious benefit of ready-to-occupy apartments is that you can move into your apartment as soon as you want. Further, these apartments are a smart choice to make, as you precisely get what you see, and there are no surprises.

Suburbs are gaining popularity in Chennai

Suburbs are trending in Chennai as homebuyers are on a lookout for ready-to-occupy apartments in city’s peripheries. The main reason is that the premium locations in the city are becoming too crowded and also unaffordable owing to skyrocketing property prices and low supply. And as these suburbs have ample land, a flurry of projects is coming up here.

Swapping city life for life in the suburbs is also on the rise as there is a wide range of ready-to-occupy residential properties with better amenities, cleaner and greener environment, and convenient commuting options. Overall, living in the suburbs comes with the prospect of a better quality of life at an attractive price!

Trending neighborhoods in Chennai 

Chennai as a city which is witnessing a big change when it comes to boom in suburban living. The suburbs of Chennai which were farmlands or industrial zones until a few years ago are now transforming into residential areas. Further, as the upcoming Metro rail project will further improve accessibility to city outskirts, realty experts anticipate that the outskirts will soon develop into excellent residential hubs.

Let’s have a look at the four most trending Chennai suburbs offering options for Premium living and simultaneously good returns on investment over mid-to-long term:

1. Ambattur
Ambattur is one of the most popular suburban areas for prospective homebuyers. Its proximity to residential areas like Anna Nagar and Mogappair make it an attractive option for living. Further, Ambattur Industrial Estate has many IT companies such as HCL Technologies, Yes Bank, Dell and Tata Consultancy Services, which further makes it a promising location.
 
2. Padi
Padi is primarily an industrial area with good infrastructure and appropriate living conditions. As the locality is home to industries like Lucas TVS, Sundaram Fasteners, Wheels India, Sundaram Clayton, Brakes India, and Britannia Industries, this place has become quite popular with the working class.  Now with quite a few industries moving out to suburbs further down, these locations are slowly converting to residential, commercial and retail zones.
 
3. Korattur
The suburban area has undergone huge transformation, from being a peaceful village in the early 20th century to an urban township. Owing to the expansion of the Chennai city and the industrial development of west Chennai, Korattur has witnessed a massive makeover. Majority of the housing board complexes are redeveloped with swanky elevations making it an attractive location for home buyers with developed micro markets with reputed schools and offices close by. The area is famous for its thick greenery as the roads are covered with thick trees on both sides.
 
4. Mogappair 
Mogappair is a fast-developing residential neighborhood next to Anna Nagar in north-western Chennai which has a growing demand for residential properties as it offers quality housing for all budget categories, from gated communities to villas and high-end apartments.
Interestingly, all these four suburbs are seeing good traction on 3BHk apartments as lot of home buyers to upgrading their lifestyle from Anna Nagar to these suburbs close by with access to the developed social infrastructure and the liking towards gated community concept.
These four suburban areas in Chennai score high on fronts like affordability, good return on investment, proximity to anna nagar and adequate amenities. Further, the suburbs also offer a multitude of housing options well within your budget. And if city life is a factor in your lifestyle, you can always head back to the city as these areas are well-connected and conveniently accessible from the main city.
Updated: 6/4/2018 5:26:50 PM

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