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Top Real Estate Investment in Chennai for 2023

Admin 22 May 2024 2,502 Views
Knowledge Investment

When it comes to real estate investment and buying a house, people need help figuring out where to start or what to look for. Chennai is one of the most developing cities as well as attractive cities in India. It is rapidly growing and becoming more advanced day by day. There are various localities and residential areas in Chennai for real estate investment, which is becoming a great location for home buyers and investors. A person can get the kind of lifestyle he is looking for in Chennai. Various facilities and amenities are nearby in every Chennai region, making it here to live. Here are the top 10 real estate investments and localities in Chennai that you are looking for. 

Top 10 Real Estate Investment in Chennai for 2023 

Your main question is about looking for real estate investment in Chennai. Here is the answer! Here are the top 10 real estate investments in Chennai for 2023. 

1. Velachery

This is one of Chennai's best and most popular real estate investments. It has proximity to I.T. infrastructure and has developing structures all over the area. Some of it hubs that are near this location include Tidel Park as well as DLF IT Park. This area has easier connectivity to all over Chennai city. It also has various schools, hospitals, and markets, making lifestyle much easier. The average monthly accommodation price in this area is around 14000 rupees, and it is also a perfect location for 2 BHK apartments. 

2. Tambaram

It is one of the biggest and fastest reasons Chennai witnessed development. Chennai international airport is also nearest to this region. It is also connected to several parts of Chennai, with popular markets, hospitals, schools, and other educational options. This is an ideal location for families, which is also ideal for 2BHK apartments. The average accommodation price per month in this area is around 11000 rupees.

3. OMR

Old Mahabalipuram Road has various investment options and is near I.T. parks and hubs. It is a convenient area for families and people that work in I.T. companies. High developments can increase investment costs and traffic in this area. This is a perfect location for 3 BHK apartments, and the average accommodation price per month in this area is around 25000 rupees

4. Sholinganallur

It is also one of the highest developing areas in Chennai, which has proximity to some of the biggest schools and I.T. hubs in Chennai. It is one of the best real estate investment areas in Chennai because it has proximity to various parts of the city. This is a perfect location for 3 BHK apartments, and the average accommodation price per month in this area is around 18000 rupees.

5. Porur

This area's rental and investment market is one of the strongest in Chennai city. It has proximity to all amenities, such as hospitals and schools. It also has employment opportunities because it has proximity to I.T. hubs. This is a perfect location for 2 BHK and 3 BHK apartments, and the average monthly accommodation price in this area is around 18000 rupees.

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6. Pallikaranai

This area is close to various main locations in Chennai, including manufacturing companies and the Central Bus terminus, so traveling becomes material. This area has many small localities and communities with rental and housing options. It is one of the most attractive locations in Chennai, due to which it is a spot for investors and home buyers. This locality is popular for 3 BHK apartments, and the average accommodation price per month in this area is around 20000 rupees.

7. Ambattur

This locality is popular among real estate investors because it is ideal for residential and commercial investments. The industrial estate of this region is the largest Industrial estate in South Asia. The neighborhood of this area is equipped with very social and commercial infrastructure, which makes lifestyle much easier. This area is popular for 3BHK apartments, and the average accommodation price in this region is around 15000 rupees.

8. Perambur

This is one of the well-planned as well as oldest areas in Chennai. Various locations, such as markets and hospitals in Chennai, are close to this area. There are plenty of affordable accommodation options that are available in this area. There are rising employment opportunities in this area due to the presence of various I.T. companies and sectors. This area has a well-planned infrastructure as well as a water-sewage system. Famous schools, as well as railway stations, are also available in this area. It is ideal for 2 BHK and 3 BHK apartments, and the average accommodation price in this area is around 20000 rupees.

9. Korattur

This is situated near Anna Nagar. The layout of this location is perfect according to social and commercial infrastructures, which makes it an ideal location for investment, especially for families. The social infrastructure of this area includes hospitals and malls. It is a green area which has relatively less pollution. This location is popular for various manufacturing units as well as I.T. companies. It is popular for 3 BHK apartments, and the average accommodation price in this location is around 18000 rupees.

 

10. Thiruvallur

This is an agriculture-based area, but it is slowly and gradually developing and becoming an industrial hub. Various real estate investors are attracted to this location for Industrial and residential investment. It also has connectivity to other areas through the Railway system. Various engineering colleges and universities in this area make it an ideal location for students. It is popular for 3 BHK apartments, and the average accommodation price in this location is around 20000 rupees.

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Location

Rate

Type of Accommodation

1.     Velachery

₹21,000-25,000

₹10,000-15,000

3 BHK

2 BHK

2.     Tambaram

₹15,000-25,000

₹12,000-15,000

3 BHK

2 BHK

3.     OMR

₹25,000-35,000

₹10,000-15,000

3 BHK

2 BHK

4.     Sholinganallur

₹18,000-30,000

₹12,000-15,000

3 BHK

2 BHK

5.     Porur

₹15,000-20,000

₹10,000-20,000

3 BHK

2 BHK

6.     Pallikaranai

₹15,000-30,000

₹12,000-25,000

3 BHK

2 BHK

7.     Ambattur

₹10,000-20,000

₹15,000-20,000

3 BHK

2 BHK

8.     Perambur

₹10,000-30,000

₹10,000-15,000

3 BHK

2 BHK

9.     Korattur

₹20,000-40,000

₹10,000-25,000

3 BHK

2 BHK

10.  Thiruvallur

₹20,000-30,000

₹12,000-15,000

3 BHK

2 BHK

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Top Popular residential areas to invest in Chennai

The top popular residential areas to invest in Chennai are as follows.

● Velachery

● Thiruvanmiyur 

● Perungudi 

● Madipakkam 

● Thoraipakkam

● Perambur 

● Adambakkam 

● West Mambalam 

● Ayanavaram

● Mogappair East

 

Conclusion

Investment in Chennai is a good decision because it is a pollution-free location with various accommodation options. The infrastructure, as well as amenities that are available in Chennai, are highly appreciable. Employment opportunities are also rising in Chennai day by day due to various reasons. This is because it is a developing hub of I.T. companies and sectors. The weather in Chennai is pleasant throughout the year. Whether for study or employment purposes, it has an ideal location for every real estate development. Various residential locations in Chennai are ideal for families and home buyers. Every kind of real estate property, such as residential apartments, 3 BHK flats, 2 BHK flats, etc., is available here. The lifestyle in Chennai is elegant and high yet easier. If done at the location, real estate investment in Chennai can be the best decision of a person's life. 

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FAQ

Q. Why invest in Chennai? Is it safe to invest in Chennai?

Chennai is one of India's most popular and developing cities. It is safe to invest in Chennai. Due to the growing population, the demand for housing and investments in Chennai continuously increases. Chennai is also an attractive destination that offers all properties of a lifestyle that a person might be looking for. Many localities in Chennai are ideal for investment due to healthy grants, easy lifestyles, and affordable prices. 

 

Q. What is the cost of living in Chennai?

The cost of living or lifestyle in chennai, which includes house, food, and other expenses, can be around 10000 rupees per month. The cost of living in Chennai can be high and affordable, depending on the type of locality and society a person chooses to live in. 

 

Q. Which are the six best places to invest in Chennai? 

The top six best places to invest in Chennai with real estate development and employment opportunities include Medavakkam, Velachery, Old Mahabalipuram Road, Madipakkam, Arcot Road, and Porur.

 

Q. Which areas offer the cheapest accommodations in Chennai?

Areas that offered the cheapest accommodation and low housing options in Chennai Guduvanchery, Vandalur, Padappai, Perungalathur, Mannivakkam, Urapakkam, Siruseri, and Nedungundram.

 

Q. Which are the popular localities of Chennai?

Some of the prominent and biggest localities popular in Chennai for investment in real estate and employment facilities include Anna Nagar, Besant Nagar Kotturpuram, Mylapore, Nungambakkam, R.A. Puram, and Thiruvanmiyur.

 

Q. What are the stamp duty and registration charges in Chennai?

The rate of stamp duty in Chennai is 7% of the value of the market investment. In addition, registration charges in Chennai are one percent of the value of the market investment. 

About Author

Jatin Dubey

An enthusiastic content writer who is a law graduate and has been working as Real Estate Consultant for around 9 years.
He has worked with top Real Estate Agencies and Builders in Delhi, Bangalore and Pune. His skills to perform market analysis and explore high potential localities has helped many clients in the past.

An enthusiastic content writer who is a law graduate and has been working as Real Estate Consultant for around 9 years.
He has worked with top Real Estate Agencies and Builders in Delhi, Bangalore and Pune. His skills to perform market analysis and explore high potential localities has helped many clients in the past.

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