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Best residential localities in Chennai to invest in

October 15, 2018

The tropical city of Chennai has always been synonymous with a thriving real estate industry. From unmatched social infrastructure to a multitude of posh localities, Chennai is every investor’s go-to destination for luxurious properties with high returns. Listed below are the best residential localities in Chennai to invest in.

Buying a house in a fast-developing area is one of the golden rules of real estate investment, and OMR certainly abides by that. This locality is considered to be the IT corridor of Chennai with a plethora of top tech parks in the region including software giants like HCL, Cognizant, Flextronics and Capgemini that offer a host of job opportunities. The IT explosion in OMR has led to a boom in the property sector due to the high number of working professionals flocking to the region. It also provides excellent connectivity to the inner regions of the city through state-of-the-art roadways and bus services.

If you are looking for a scenic and laidback neighbourhood located along the iconic east coast of the city, then ECR is your best bet. This rapidly developing area offers the twin benefit of proximity to the IT hub of the city and luxurious properties located by the beach. Since leading IT hubs like the OMR, Tidel Park and the GST are all well-connected with ECR, investors have the advantage of enjoying a short drive to work and living a pollution-free life by the serenity of the sea. Additionally, the well-maintained roadways provide seamless connectivity with a generous host of civic amenities, keeping water shortage and inadequate sanitation at bay.

Mogappair is one of those few areas in Chennai that is well-established but is still witnessing fast-paced appreciation rates. Due to this, investors face a win-win situation of living in the heart of the city and enjoying a high return on investment. Mogappair is home to a host of renowned educational institutes, reputed hospitals and family entertainment zones, making it the perfect fit for families with an upbeat and urban lifestyle. There is no doubt that it is one of the best real estate investment destinations in Chennai. Furthermore, Mogappair is just 10 minutes away from Anna Nagar – one of the leading localities in Chennai – and is well-connected to the rest of the city through numerous bus routes and railways.

The biggest reason why investors are flocking to Mogappair is that of the multitude of best-in-class residential projects with top-notch amenities and facilities it has to offer. For instance, Brigade Xanadu is one of the upcoming residential projects in the locality with world-class construction and state-of-the-art Spanish architecture. It offers idealistic lifestyle amenities at an affordable price.

Once referred to as the gateway of Chennai, Tambaram has now transformed into an upmarket suburb with a thriving real estate sector. This fast-appreciating region is located very close to Chennai’s IT corridor with a good spread of top educational institutes and healthcare providers. There are also plenty of malls, entertainment zones and retail outlets in the region, making it an ideal neighbourhood for working professionals and urban families. Additionally, this region has strong historical significance and is home to a variety of tourist attractions like Vandaloor Zoo and Kishkinta Theme Park, to name a few.

Oragadam is another fast-developing suburb with a wide range of properties including gated communities, apartments, villas and plots. The properties available in this region are priced at unbelievably low rates with guaranteed high returns in the upcoming years, making Oragadam the most-preferred destination for real estate investment. This neighbourhood has been the hot spot for investment for the past five years and is showing no signs of slowing down. This is mainly due to it being close to the industrial stretch of Sriperumpudur which is the main hub of many Fortune 500 companies.

Investing in these fast-appreciating regions is guaranteed to get you a profitable real estate deal in the leading city of Chennai. Whether you are a first-time home buyer or a seasoned investor, visit the Brigade Group today for a plethora of luxurious properties situated in the top residential localities of Bangalore, Mysore, Chennai and other well-developed cities of the nation. 


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