Real Estate Investments

Real Estate Investments

For NRI investors, Chennai‘s real estate offers fantastic potential. There are many causes for this, one of which is the city’s economy’s unheard-of rate of expansion. Huge investments are being made in numerous sectors in Chennai as well. One of the main causes of the city’s growth and the creation of its outlying districts has been the expansion of the IT sector in particular. Numerous MNCs have established headquarters outside of the city, resulting in the creation of thousands of employment as well as increased demand for amenities and lodging in such locations. Plots in Chennai are now more in demand as a result of this. These are a few justifications for NRIs to think about making investments in Chennai’s outskirts.

Plots for sale in Chennai are simple to find for NRI investors, and they will increase dramatically over time. One can simply build a house on the property in Chennai and earn rental income because an NRI investor won’t be settling in the city any time soon. The top six Chennai neighbourhoods for NRI investors are listed below.

OMR (Old Mahabalipuram Road) is without a doubt one of the best regions to invest in real estate. OMR has transformed into an IT corridor as a result of numerous MNCs setting up shop here. Despite the high investment value of the entire OMR stretch, Sholinganallur is the area that draws the most real estate investors due to its significance as a junction. A residential site in Sholinganallur might yield substantial returns due to its excellent connectivity, close proximity to the city, and presence of important offices. If one chooses to build a house, finding tenants won’t be an issue either.
Tambaram is one of Chennai’s older enclaves. But the expansion of the IT industry has given this suburb new life. Tambaram’s infrastructure is much better than that of the rest of Chennai’s developing suburbs because it has been integrated into the city for a very long time. One of the most well-connected places to invest in Tambaram. This is the stop for all southbound trains linking Chennai to other regions of Tamil Nadu. The train station serves as a crucial junction for suburban trains that link Chennai’s numerous neighbourhoods. The SEZs and IT Parks in Tambaram also add value to any plot bought there. If you want to buy a gated community plot in Chennai, you can easily find one that fits your demands and price range by doing a little research.
One of Chennai’s prime investment locations is the suburb of Guduvanchery, which is located on GST Road. The GST is evolving quickly as a result of the explosion of IT businesses, IT Parks, and industries. All of this is bringing in significant investments and generating thousands of new jobs in the region. Guduvanchery has become one of the greatest areas in Chennai to discover plots for sale as a result of this. Along with the offices of major MNCs, the region is home to numerous reputable educational institutions, including the Crescent College of Technology and the SRM group of universities. Once more, if one wishes to build a house here and rent it out, one can easily locate renters.
A thriving neighbourhood called Velachery is situated in a prime location halfway between Chennai’s downtown and the IT corridor. Due to its proximity to numerous IT and ITES companies and connectivity to the OMR, Velachery is receiving a lot of attention as a real estate destination. Velachery has been referred to as a suburb and has blended into Chennai. However, Velachery’s real estate costs are still comparable to those in other areas despite their rapid appreciation. Velachery has had significant growth in recent years. The neighbourhood has changed into a posh neighbourhood as a result of the opening of new malls, colleges, and workplaces there recently. Velachery investments provide the potential for high profits.
Valasaravakkam, one of the more recent communities, is close to other important real estate investment regions like Porur and Ambattur. Valasaravakkam has undergone significant expansion as a result of Chennai’s expanding IT industry. The location of Valasaravakkam, which is close to several important IT hubs, is the main factor influencing the city’s growth. In close vicinity to Valasaravakkam are several IT parks, including Ambit IT Park, One Bulls Park, and DLF IT Park SEZ. In this area of the city, real estate costs are rising steadily. If you’re searching to purchase a gated community land in Chennai, this neighbourhood is yet another fantastic choice.
Due to the proliferation of new manufacturing facilities in this area, Sriperumbudur is one of Chennai’s fastest-growing neighbourhoods. The proximity of Sriperumbudur to Oragadam is yet another element promoting growth in this important investment hub. A number of SEZs are located in Sriperumbudur, which has increased employment opportunities significantly. Due to a significant portion of the population coming to this neighbourhood of Chennai, the demand for residential plots has increased. Purchasing a plot here will result in an ideal investment, one whose value will increase over the course of the year.

Conclusion

This is the ideal time for NRIs wishing to invest in Indian real estate. In the upcoming years, investments will increase quickly due to India’s rapid economic growth. Purchasing a residential plot in Chennai can be a really good investment because it is one of the metropolises that has largely escaped the attention of NRI investors.