What are the best places to Invest in Chennai?

A couple of years ago, the real estate market of Chennai was booming with heavy rise in prices and even bigger demand for residential and commercial properties. 2013 saw a dip in realty demand. Although the city has been facing its fair share of ups and downs in the last one decade, there are numerous positive factors that continue to make Chennai more endearing than the other metros. Properties to rent in Chennai also continue to face relatively high demand simply because the city demonstrates a lot more potential to grow and expand. Government initiatives, infrastructural development, commercial progress and potential to expand are some of the reasons why Chennai ranks in the top list of investment destinations. Premium builders continue to make modern flats for sale in Chennai that are up for grabs.
 
Ideal destinations to invest in Chennai

Although Chennai’s real estate market can be classified into different directions; there are some localities that are growing by leaps and bounds over other areas. If you are considering in investing in real estate in a city like Chennai, you must first gather a good understanding of these regions before making a decision.

OMR/ECR 
 

One of the first few areas to observe landmark developments in real estate progress; OMR is also referred to as IT/ITES corridor of Chennai. Even after so many newer localities have started gaining significance, properties here are still up-market and one of the firsts to be sold. Even properties to rent in Chennai hold a significant position in OMR/ECR and the nearby Thaiyur. This scenic location has lifestyle homes, contemporary apartments, opulent villas and sprawling farmhouses that offer a lot of lung space and even better returns on your investment.

GST Road 

One of the busiest intersections of the city, the GST road is near the most popular destinations of Chennai. Located in close proximity to Tambaram, Velachery, Maraimalai Nagar, Medavakkam and other popular suburbs; GST road strikes gold when it comes to real estate ROI for its investors. A lot of flats for sale in Chennai are focused in this area for there is abundant commercial activity surrounding GST Road.

Poonamallee High Road 

One of the busiest hubs of Chennai, Poonamalle is not just closer to the city’s central business district but also enjoys the amenities of a suburb. There is immense infrastructural work that lines Poonamallee easily making it one of the best destinations for choosing flats for sale in Chennai. The destination is also the best bet for choosing properties to rent in Chennai.