Best Places to Buy a Home in Chennai

The Detroit of the East, the Cultural Capital of South India, the country’s 4th largest economy, UNESCO recognized rich musical tradition, and ranked by BBC as a global city worth visiting and worth living. These are just a few of the many achievements and recognition that the city of Chennai has been credited with over the years. It showcases the vibrant nature of Chennai, which is steeped in rich socio-political history and cultural traditions dating back to 1st Century CE. In the present era, Chennai has emerged as an economic powerhouse that has become the preferred destinations for Fortune 500 companies. Chennai is a hub for various leading industries such as Automotive, IT & ITeS, Manufacturing, Financial Services, and Tourism.

With its thriving economy, Chennai is attracting people by the thousands from all across the country. This in turn has boosted real estate, with Chennai emerging as the preferred destination for homebuyers. Buying a property in Chennai is a good investment, as the city’s economy is expected to grow further and a wide variety of infrastructuredevelopment projects are on the anvil or nearing completion. Let’s take a look at some of the best places to buy a home in Chennai, which will definitely enhance your living experience.

Manapakkam

Manapakkam’s proximity to major IT Parks and industrial clusters has propelled the real estate boom in this area. The prominent business hubs in neighboring Guindy and Velachery have also been fuelling the demand for residential spaces in Manapakkam. The area is home to various schools& colleges and hospitals, which is a boon to its residents. Manapakkam is connected to other parts of the city through major roads and the nearest train and Metro station is located at a distance of just around 4 km. A Metro station in Manapakkam is also being planned, which will further boost real estate in this area. There are many good projects in Manapakkam where you can buy a home. One of these is Casagrand Primera, which is located in close proximity to major IT Parks such as DLF IT Park, L&T Info Tech Park, Olympia Tech Park and Jayanth Tech Park.Casagrand Primera offers premium communityliving and features efficiently planned interior and exterior spaces that enhance the livingexperience.

Korattur

Korattur is surrounded by some of the best residential hubs in Chennai such as Anna Nagar, Ambatur, Padi, Koyambedu, and Madhavaram. The area is known for its thick green cover, which has ensured peaceful and pollution-free spaces for its residents. Korattur is connected through major roads and also has the Korattur railway station where one can board local/EMU/MEMU trains to reach other parts of the city. One of the popular tourist attractions in the area is the Korattur Lake, which is spread over a massive 990 acres. If you love nature, buying a home near the lake would suit you perfectly. You can buy a home in Casagrand Asta, which provides unhindered views of the Korattur Lake. Casagrand Asta is Chennai’s first and only kids-themed apartment community, located just 10 minutes from Anna Nagar. It offers enhanced privacy, spacious design, is senior citizen friendly and has all essential amenities.

Madhavaram

 

Madhavaram has emerged as a preferred residential destination and is currently one of the fastest growing real estate markets in North Chennai. The key things that are motivating people to move to Madhavaram are its green environs and well-developed social infrastructure. The area is home to educated families, something that has helped Madhavaram attain the title of being a good neighborhood. The area comes within municipal limits, which has ensured proper cleanliness and dedicated systems for sanitation and waste disposal. Madhavaram is connected to other parts of the city through road and rail network.

Nungambakkam

Nungambakkam is preferred by the city’s elite, as it is a posh residential hub in Chennai. In the eighteenth century, the area was a major administrative center for the British. The British carried out planned development in the area and ensured that it has a thick green cover. Nungambakkam is close to major business hubs, government offices and embassies of various countries. Being one of the oldest parts of the city, Nungambakkam features a well-developed social infrastructure. Some of the best schools, colleges and hospitals are located in Nungambakkam. Having fun is also not a problem, as Chennai’s most popular Marina Beach is just 10 minutes’ drive from Nungambakkam.

OMR

OMR (Old Mahabalipuram Road) is home to various IT and ITeS companies, which has boosted real estate in the area. It is referred to as the IT Corridor of Chennai, since it has offices of top IT companies such as Infosys, Accenture, TCS, Polaris, Cognizant, Wipro, etc. The infrastructure is well-developed, as the state government has envisionedmaking it a world-class business facility. The social infrastructure is also growing at an accelerated pace in the area, as there’s a huge demand being created by thousands of professionals.There are plenty of sightseeing options in the vicinity such as museums, religious centers, cultural hubs, picnic spots and popular beaches such as Kovalam beach, ECR beach and Uthandi beach.

Once you have finalized the location, the next thing you need to focus on is choosing the right project. It’s important that you have access to all the desired amenities that make living a hassle-free experience and truly pleasurable. The project should be located in a good neighborhood, so that you and your family can enjoy a peaceful stay without worrying aboutcrime or chaos. You also need to check that the project is located in proximity to bus stops and metro/train stations. A well-developed or fast-developing social infrastructure such as public spaces, shops, schools & colleges, hospitals, andentertainment centers is also desirable.