Real-estate industry is the new favourite investment sector of the Indian populace. With the fast development of Chennai’s commercial market, it has regained its position as one of the most sought after residential destinations of India. The cities capability to offer great returns on investments made here has turned it into an investment hotspot. The real estate market of the city offers an invariably high range of real-estate properties including studio flats, affordable apartments, lavish condos, villas, bungalows to farm houses in its outskirts. Hence, attracting investments from mid-income to premium property buyers. The new entrants in this blooming market are integrated townships with global standard features and amenities. These townships offer its residents with benefits of on campus medical facilities, schools, sports facilities, retail stores and much more. These times are perfect for buying a property in Chennai. The prospering economy of the city and its upgrading social infrastructure makes an ideal investment location.
Prospects of investing in OMR, Chennai
The 45 kms stretch of OMR, from Chennai to Mahabalipuram is known as the IT corridor. This stretch abodes offices of several major BPO and IT/ITES companies, along with some manufacturing firms, government organizations and research centres. The region is new favourite spot for residing in the city.
OMR has six-lanes along with service lanes thus providing a 3 bhk apartments in Purva Swanlake smooth transit to the commuters. The state metro and MRTS connect it to distant regions of the city. A large workforce is dependent on OMR for their easy commute to their workplaces. Thelarge housing options presented by the region attract this workforce and a large share of them decide to reside here. The stretch has several new residential launches along with numerous gated communities offering ready to move in flats in OMR. These apartments are offered at reasonable rates with great future prospects of price appreciations.
With more than few healthcare facilities and educational institutes opening up in the area the residential demands are further escalating. Some of the prominent hospitals in the area are, Chettinad Health City, Centre for Vision and Eye Surgery, and Lifeline. Well-recognised Roja Muthiah Research Library, Sathyabama University and MS Swaminathan Foundation are among the prominent educational institutes of the region. With more than two dozen colleges and top-quality schools the region makes this region popular among people with families.
Some of the projects in the area
About Purva Swanlake
The iconic brand of Puravankara is offering 729 stunning 3 BHK apartments in latest housing project named Purva Swanlake. The project is being developed on 10.5 acres of prime land. The estate shall incorporate 15 elegant towers with basement and stilt plus 9/10/11/14 floors. The apartments are spaciously designed over an area of 1750 sq.ft. They have been equipped with every feature needed for a comfortable living and priced at Rs. 65 lakhs. Some of the amenities provided in the complex are, swimming pool, meditation centre, clubhouse, kids’ play area, and more.
About Godrej Azure
Godrej is working an outstanding project, Godrej Azure in Chennai. The project spans over an area of 7.1 acres and constitutes of high-rise towers enveloped in green landscapes. The towers have basement and stilt plus 14/19 floors. A total 131 apartments in elegant configurations of Vaastu compliant 2 and 3 BHK sets are available for sale. These apartments cover an area ranging from 1001 sq.ft. to 1916 sq.ft. and have their prices ranging between Rs. 45.69 lakhs and Rs. 84.93 lakhs. Amenities offered to the residents of this estate include, clubhouse, sports facilities, swimming pool, meditation centre, swimming pool, and much more.