Chengalpattu Land Investments Growing At A Fast Pace: An Overview


Chengalpattu Land Investments Growing At A Fast Pace: An Overview


Rapid Urbanisation

 

At what point in its development cycle does a suburb become a full-fledged urban hub? If you take Chengalpattu as a case study for this assessment, you’d probably be inclined to say it’s when the city diversifies into a place that feels like a long-term home for the average resident.

 

In that regard, what was once a satellite town on Chennai’s outskirts has evolved into a bustling nexus of industrial and residential significance. A major driving force behind this expansion is the boom in land investments within Chengalpattu’s approximately 6 sq. km. of real estate area.

 

Chengalpattu Homes: The Current Scenario

 

If there’s inherent demand for land investment in Chengalpattu, perhaps looking over to the supply end of the equation can elucidate matters.

 

A survey by Cushman and Wakefield showed that Chengalpattu’s Mahindra Nova saw a consistent surge in pricing from ₹2800-3500/sq. ft. through its lifecycle, selling out in record time for a property in that locality. What makes Chengalpattu’s real estate sector ticking like clockwork?

 

A multitude of factors contribute to Chengalpattu’s rising popularity among prospective homebuyers. Some of these include:

 

- Location & proximity to arterial road, rail and air hubs in Chennai

 

- Meticulous urban planning and infrastructure development within the city

 

- Ideal balance between city-scale facilities and small town charm

 

These broad strokes outline the innate appeal of prime real estate investment prospects in the Chengalpattu area. Let’s look at the factors under a finer lens for a better understanding of Chengalpattu’s concurrent real estate landscape.

 

Work Opportunities

 

Around 40,000 working-class individuals call Chengalpattu home in some capacity. For them, the biggest draw for pitching their tents in Chengalpattu is the ease of commute to their respective places of work. Add to that an abundant repertoire of quality-of-life amenities like green spaces and multi-specialty hospitals and it becomes crystal-clear why Chengalpattu real estate investment is on the rise among the working class.

 

Steady ROI Quotient

 

Despite a steady uptick in the base asking rate for Chengalpattu properties, the underlying demand is unwavering. Why? The answer is cut and dry: it’s the reliable return on investment on properties from villas to apartments. Compared to Chennai city, Chengalpattu’s real estate prices are markedly easier on the wallet, while offering a comparable range and calibre of amenities at that price point. This trend further bolsters real estatedemand in Chengalpattu, especially compared to other similar suburban markets in the Chennai area.

 

Healthcare & Education Services

 

In recent times, the two biggest deal breakers for house hunters in the Chennai belt are proper healthcare services in case of emergencies, and quality education for the younger demographic.

 

Chengalpattu offers an optimum balance of services across a wide spectrum of educational needs, with many prominent institutions like Karpaga Vinayaga Educational Group being based in the town itself. Additionally, medical facilities like the Chengalpattu Government Hospital are a feather in the town’s cap, rounding out its stellar amenities.

 

Ideal Investments

 

All the surrounding real estate investment factors point towards the same promising trend: Chengalpattureal estate investment is at an all-time peak, with no signs of slowing down anytime soon. The question is, would you want to stake your claim on a patch of Chengalpattu real estate?

 

 

Popular posts from this blog

affordable plots Chennai

AFFORDABLE PLOTS  CHENNAI      Finding affordable plots in Chennai, like in any major city, can be a challenging task as real estate prices tend to vary depending on the location, size, and amenities available. To help you in your search for affordable plots Chennai , here are some general tips and areas to consider: Expand Your Search : Consider looking in the suburbs and peripheral areas of Chennai. These areas often have more affordable land prices compared to the city center Research Localities: Chennai has various neighborhoods and localities, each with its own price range. Research different areas to identify which ones align with your budget Government Schemes : Look into government schemes and affordable housing initiatives that may offer plots at subsidized rates or with favorable financing options Auctions and Foreclosures : Occasionally, you may find  affordable plots Chennai  through property auctions or foreclosures. Keep an eye on such opport...
Read more

A Smart Investment at Salavakkam Neighbouring the 23 Acre IOCL Factory

 Are you looking to invest in real estate or build a new residential or commercial establishment? If so, have you considered Salavakkam Koot Road as your next investment destination? This location is not only rapidly growing but also offers a multitude of opportunities for potential buyers. Salavakkam Koot Road is an up and coming area located in the bustling city of Chennai. The 23-acre Indian Oil Corporation Limited (IOCL) factory located here generates government employment and attracts a large number of employees to the area. Let’s look at how this is driving real estate values in the region and why you should consider real estate investments in and around the Salavakkam Koot road. Impact of the IOCL Factory on Booming Real Estate Value The 23-acre Indian Oil Corporation Limited (IOCL) factory located in Salavakkam Koot Road, Chennai, is a key driver of employment opportunities in the area. As one of the largest oil refineries in the country, the IOCL factory employs a ...
Read more

Budget Investment Plots near Chennai: Your Gateway to Smart Land Investment

  Introduction Investing in real estate has always been considered a prudent way to secure one's financial future. As urban centers expand and cities grow, the demand for land near major metropolitan areas increases. Chennai, a bustling metropolis on the southeastern coast of India, is no exception to this trend. This blog will guide you through the exciting prospect of budget investment plots near Chennai, highlighting the benefits, considerations, and key insights for making a smart land investment decision. 1. Location Advantage: Proximity to Chennai When considering real estate investments, location is paramount. The proximity of these budget investment plots to Chennai makes them an attractive option. Chennai's status as a major industrial, commercial, and cultural hub translates into promising growth prospects for the areas around it. With well-planned infrastructure and transportation networks, these plots offer excellent connectivity to the city center, making them appe...
Read more