Real Estate value in Chennai has grown tremendously over the last 2 decades. Chennai as a city has also expanded area wise resulting in increased suppy, of new residential projects.
Here is the list of areas to find affordable homes in Chennai
1.Poonamallee – Rs.3519 sq ft
Poonamallee itself is an industrial hub and is close proximity to industries and colleges in sriperumbadur. It is easily accessible via ByPass road from Chennai and that makes it even more attractive for investment.
2. Urapakkam – Rs.3656 sq ft
Urapakkam is easily the fastest developing areas in the outskirts of Chennai. Located between Tambaram and Chegalpattu, it is very well connected by both roadways and railways. It has got it’s own sub-urban railway station and two bus stops. There is a proposal to set up a Bus Terminal too in this area. Once that becomes a reality, the land prices will skyrocket.
3. Kovur – Rs.3696 per sq ft
Located just 5 km from Porur, this hidden gem of Chennai has got great real estate investment potential. This area is filled with many popular colleges and international schools.
4. Thirumullaivoyal – Rs.3997 per sq ft
With its close proximity to both Ambattur and Avadi, it is a ideal location for growth. This is one of the highly anticipated residential areas in Chennai. It has its own railway station and very well connected by roads. This residential area also has got a few temples which are of historical importance.
5. Thiruverkadu – Rs.4218 per sq ft
Thiruverkadu is another residential area which is filled with popular colleges and temples. It is ideally located close to Chennai-Bangalore highway. It is very well connected by buses from most parts of the city.
6. Perungalathur – Rs.4322 per sq ft
Located between Tambaram and Vandaloor, it is one of the ideal destination for investment. With greenery and lakes all around, Perungalathur is a top most real estate hotspot. It is very well connected by both roads and railway to Chennai. It is also very close to NH-45 and all buses to southern parts of Tamil Nadu pass through this place.
7. Sithalapakkam – Rs.4339 per sq ft
This is a serene natural place situated just 3km from Medavakkam. It has got 2 lakes and a small hill. These lakes attract a wide variety of birds and are a treat for nature lovers. It’s an upcoming residential locality.
8. Avadi – Rs.4380 per sq ft
Located between Ambattur and Poonamallee, this busy area is rich in population. It is very well connected by roadways and Avadi railway station is very famous. This area is known for its military establishment. HVF located in Avadi manufactures Tanks and other armored vehicles for Indian Army.
9. Mangadu – Rs.4394 per sq ft
This town is famous for its temples and is close proximity to both Chennai and Poonamallee. This residential area is filled with colleges, schools, hospital, cinemas, etc making it a perfect spot for investment.
10. Gerugambakkam – Rs.4453 per sq ft
The famous PSBB school is located in this small area and is connecting the Kundrathur Road. A lot of new residential projects have sprung up in this area. It is located at just 3k from Porur.
These are just 10 areas where you can get real value for your money. If you are looking for investment option, then the above listed ones are affordable. For more suggestions, you can always visit Directowners.com