5 Areas Perfect for Property Investment in Chennai

Chennai is one of the few metropolises in India with all the facilities and amenities you normally associate with world-class cities such as London or New York. There are many advantages of residing in Chennai. If you happen to be in the capital city of Tamil Nadu, then you would not face any issues in commuting to work, reaching home early, or in going anywhere in the city. It also has some of the best restaurants in South India, along with some of the most excellent learning centers. This explains why home buyers are keen on buying residential properties in the suburbs of Chennai.

There are some excellent places where you can find highly affordable property in Chennai. Here is a list of the 5 best localities where you can buy an apartment in Chennai, with each having a unique identity of its own:

1. T. Nagar

T. Nagar stands for Thyagaraya Nagar and is one of the ideal destinations for property in Chennai. The heavy demand for office spaces on Mount Road is one of the many reasons that are expediting the growth of the property sector in T. Nagar. This is also a very good place to shop in Chennai and offers a better lifestyle for the residents nearby. The place teems with parks, excellent educational institutes and places of worship, making it an attractive destination to own property in Chennai. As for the connectivity aspect, it has the Mambalam Railway Station (under Chennai Suburban Railway Network) and the T. Nagar bus terminus near Usman Road to take you to any part of the state and city.

2. Kelambakam

This place falls along the OMR (Old Mahabalipuram Road). The proximity to SIPCOT IT Park (touted as Asia's largest IT Park) has a positive part to play in the development of the area, as they are just 3 Km apart. The other highlight of Kelambakam is its shoreline, given by the Kovalam Beach (Kerala) to the east. The place is well known for religious places such as the Tiruporur Murugan Temple and St. Mary Church. Jain Hospital and Chettinad Health City in Kelambakam are considered to be among the best health care centers in the state. Kelambakam also boasts of an excellent social infrastructure with several options in terms of educational institutions, restaurants, shopping centers, and banks.

3. Tambaram

This place is older than Chennai city. However, it has kept pace with the times and has become very urban in outlook of late. The locality consists of many renowned IT companies, prompting many IT professionals to look for residential properties in this part of Chennai. Not just IT professionals, even individuals with high net worth are also making a beeline to buy properties here. Tambaram also offers good connectivity via roadways (Chennai-Trichy National Highway) and railways (suburban railway service between Chennai Beach and Tambaram).  As a result, Tambaram has become very popular for property investment.

4. Nungambakkam

Located at the North-West end of Chennai, Nungambakkam is another hot destination for property investment in Chennai. The strategic location is one of the advantages of owning properties in Nungambakkam. It is in close proximity to T. Nagar (one of the biggest shopping zones in India), Mount Road (hub of commercial entities), and Kodambakkam (home to many film and television stars). It is very easy to travel to other parts of Chennai via MTC buses or trains along the Chennai Beach - Tambaram railway route. There are many educational institutions, shopping options, sporting facilities, restaurants and cultural centers strewn across Nungambakkam.

5. OMR (Old Mahabalipuram Road)

Touted as an IT hub, OMR is a favorite place among the property buyers in Chennai. OMR, which stretches from Madhya Kailash temple in Adyar towards the south till Mahabalipuram, has several reputed IT/ITES companies. Not only among the IT professionals, OMR is also very popular among individuals with a high net worth. It has some of the best educational institutions, restaurants, and hospitals, all the basic amenities that people consider before buying property.

These are not the only places for property investment in Chennai. There are other areas too, such as Anna Nagar, Porur, etc.