Property in Chennai demonstrates excellent growth prospects
In the present time, investing in a property in metropolitan cities has become the greatest investment. Deciding to invest in Chennai is one of the most important investment decisions a buyers take among the various investments available. Buying and selling properties have picked up momentum in Chennai and over the past few decades it has emerged as a favorite investment destination. There are many factors that have played an instrumental role in fueling the demand of new apartments in chennai and imparts it an edge over cities. Chennai has turned rapidly into a manufacturing hub due to establishment of several blue chips industries and factories, IT firm, Telecom and many. People from different parts of the country and world came here in search of better job opportunities. With more buyers showcasing their interest to invest in Chennai Property, many hotspots have emerged over the time. One such hotspot is Poonamallee High Road.
From City’s Hustle & Bustle
Poonamallee High Road has emerged as a hotspot for most the prospective buyers and investors in Chennai especially for those who are looking for an escape from the horn blaring mundane of city life. Poonamallee has become favorite amongst the buyers because of clean water, fresh air and low rate of pollution. These factors were instrumental in luring several senior citizens to the area. The proper rainwater harvesting systems also increases the attractiveness of the locality, – Poonamallee was one of few places in the city that was unaffected by the disastrous December floods.
Commuting Is A Breeze
Many developers and homebuyers were skeptic about the prospects of the future while investing in Poonamallee majorly because of its distance from the heart of the city. However, the commissioning of 62-kilometer, Outer Ring Road in 2015 has connected four highways from the north to the south of the city. flats for sale in chennai This has decongested the traffic and offered a smooth access to other parts of the city as well. You can now travel to the city, the Central Business District at Guindy, the IT hubs and industrial belts around the city, all in less than an hour’s time without having to worry about traffic. There is also talk of introducing a metro/mono rail transport system, which will only increase Poonamallee’s attractiveness.
A Favorite Among Young Professionals
Owing to its affordable prices and location – Poonamallee has become a hit with young professionals who are looking at investing in high-quality, affordable homes in the region. 1 BHK apartments in this region start from as low as Rs 10 lakhs and closeness to workplaces is luring buyers. real estate builders in chennai Other pluses include good public transport, proximity to schools and colleges, and, easy access to highways leading to Bengaluru, Visakhapatnam and Vellore.
Easy On the Pocket
The major attraction of the locality is its affordable prices. One can buy property in this fast developing area without a hole in their pockets. Poonamallee is a good bargain. With many top developers and builders showcasing their interest in this area, Poonamallee appears as a great bet for early investors and end users. Poonamallee offers a range of housing options, from studio apartments to villas and demonstrates tremendous potential for growth in future. The prospects are great, hence investors and prospective buyers consider investing here as a lucrative deal.
