Which Area is Best to Buy A Plot ? - Real Estate Chennai

Real Estate Chennai
  • Real estate Chennai sees a steady increase in population year after year. Adequate land & housing is required to meet this growing population’s needs. As a result, the city is expanding in all directions.
  • The affordability range of the buyer in Chennai is also expanded far and wide with new land additions. Owning a property, Chennai in a decent location doesn’t come cheap. The cost of living is keeping pace with income levels.
  • The people prefer the areas which ensure a coveted lifestyle and convenient living with all basic facilities.
  • The day-by-day developments are great in some areas. Some areas are considered as fast-developing areas with the best social infrastructure and excellent future expansion possibilities. 
  • Plots in prime locations are costlier than those beyond the city limits in acres of land.
  • As the city expands to include the suburbs and the areas beyond, there is a lot of real estate transactions taking place. Plot seekers have multiple options to choose from in the city as it is expanding in all directions.
  • Some of the localities are the best and most preferred areas in Chennai for plot investment. First of all, consider the important factors for the best area for real estate Chennai and which area is the best area to buy plots in Chennai accordingly.

Market price vs Area price on Real Estate Chennai

  • Find out the difference between Market price and Area price. The projects in nearby areas have an impact on the market value of the plots in an area of the best neighborhoods.
  • The market price will be high for the plots in the areas surrounded by Newly launched projects, upcoming projects and IT Sector.
  • The day-by-day developments and fast growth rate make these areas the best area to buy plots in guduvanchery.

Cost Comparison and Growth Rate

  • Find zoning out how much the plot cost was 5-10 years back and how much it cost today. It will give the growth rate value of the plots in parcel of the area.
  • Some areas experience good growth over the past 10 years and the areas are emerging as the big residential locale for the selection of the best area of real estate chennai.

Average Price Per Square Feet

  • It is a must to go through the average price per square feet details of the plots according to the budget and our preference.
  • The favorable average price per square foot with all the needy basic facilities in the area will enable us to select the best area to buy property in Chennai.

Guideline Rate of the Plot

  • Find out the guideline rate of the area of the plot in interest at tnreginet.com which will help to determine the market value of the plot.
  • If the market rate is favorable/high, then the appreciation of the plot is guaranteed.
  • The more the positive value then the more will be the consideration for the best area to buy plots in Chennai.

Strategically located Area

  • Connectivity plays a vital role in property for sale.
  • The superior connectivity with wide, expansive and robust road structures, flyovers will enhance a comfortable approach to various destinations within the city, with other cities and national highways.
  • Well connected with all parts of Chennai by roadways, suburban / Metro railways and busways is very important for the selection of the best area to buy plots in Chennai for the best investment opportunity.

Scope for the exponential growth of the area

  • The scope for the exponential growth of the area in the future will fetch a sensible price for the plot immediately and more importantly the appreciation within the years to come back.
  • This future forecast will help to decide the best areas to buy a property.

Clear layout and Plot Boundary

  • Well planned layout with a clear plot boundary is essential to avoid plot boundary problems.
  • Some areas face plot boundary problems.
  • The area with clear plot boundaries is considered the best area to buy villa plots in Chennai.

Groundwater level and water quality of the area

  • Check the groundwater level is proper to avoid water scarcity and to be free from water shortage problems.
  • If possible check the hardness of water by using TDS Meter.
  • The water should not be very salty in nature.
  • This is also very important for the selection of the best area to buy plot on real estate chennai.

Electrical / Water / Drainage connections in the area

  • Make sure that the area has proper connections for the water, electricity and drainage.
  • It helps one to go for immediate construction in the plot without any waiting period.
  • The ready-to-build nature makes this area the best real estate in Chennai.

Appreciable amenities of the area

  • The availability of modern-day conveniences with top amenities helps one to select the area as the best area to buy plots in Chennai. Some of the top amenities are listed below
  • Hospitals and Health care centers
  • Educational institutions
  • Self-sustained township for all needs and shopping complexes
  • Entertainment Zones
  • Spiritual centers and temples of all religion
  • Eco-friendly nature of the area for healthy living
  • Free from Traffic congestion
  • Free from Noise congestion
  • Ample child play area
  • Promise secured living with Peace of mind

The authenticity of the area

  • Ensure there are no legal disputes.
  • Perfect CMDA/DTCP approvals must.
  • Legally perfect documents with all the necessary approvals make one choose the best area to buy land in Chennai.

Environmental safety

  • Chennai is frequently hit by cyclones and floods.
  • There are areas that are always affected by such natural calamities.
  • Although the offers may seem very attractive One has to stay away from buying plots in such areas.

Demand for north Chennai areas

  • The demand for north Chennai areas are not appreciable due to the following factors
  • Poor roads
  • Lack of comfort of large space areas
  • Insufficient Transport facilities
  • Lack of Proper Infrastructure
  • Lack of availability of modern-day conveniences
  • Poor Resale value

Demand for south Chennai areas

  • In real estate Chennai demand for south Chennai, areas are highly appreciable due to the availability of all basic facilities. Particularly the following areas are the most preferred best area to buy plots in Chennai.
  1. Guduvanchery
  2. Kannivakkam
  3. Kayarambedu
  4. Urapakkam
  5. Vandalur
  6. Perungulathur
  7. Medavakkam
  8. Poonamallee
  9. OMR
  • Among the above-mentioned areas, the Guduvanchery area is the most preferred. Buying plots in Guduvanchery has many amenities and advantages.
  • This locale is emerging as the big residential locale along with the information technology corridor. Several projects are underway in the area and property seekers have multiple options to choose from.
  • The plots come in varying sizes so that people can select the plot of their choice.
  • The possibility of getting an excellent infrastructure at affordable rates and well connected with all parts of Chennai by roadways, railways and busways. One of the current hotspots for plots for sale in Chennai is Guduvanchery.

Conclusion

  • plots for sale in Chennai south make great financial sense to invest in plots.
  • Real estate Chennai city experienced good growth over the past 10 years, the area is emerging as the big residential locale. The plots come in varying sizes so that people have multiple options to select the best plot of their choice. The problem is to identify the best area to buy a plot in Chennai for investment to eventually meet a life goal.
  • Plots in prime locations are costlier than those beyond the city limits. Owning a property in any decent location in Chennai doesn’t come cheap. The residents of central Chennai slowly tend to move to peripheral areas and consider the following factors to select the best area to buy a property.
  • Future expansion possibilities.
  • Large square feet for a reasonable value.
  • Choice in the selection of places.
  • Excellent infrastructure at affordable rates.
  • Dream House for the limited budget.
  • Multiple options to choose the plot size.
  • Chances for business development.
  • The cost of living is keeping pace with income levels. Investing over the next and current developing areas with all reasonable amenities is the best choice for the best area to buy property in Chennai.
  • The affordability of the buyer in Chennai expanded for and wide with new land additions. The huge range of plots in multiple locations caters to the needs of both low budget and high budget categories of people.
  • People budget-conscious with limited savings can also make their dreams come true by considering their affordability, availability and accessibility as main factors to select the best area to buy a plot.
  • Many industrializations, information technology and infrastructure projects are aiming to launch in Chennai. The city expands to include the suburbs and the beyond areas to satisfy the growing demand.
  • The future expansion possibilities with super connectivity with all parts of Chennai by roadways, suburban railways, and bus ways are great.
  • The proper future forecast about these areas will help to select the best area to buy land in Chennai with excellent infrastructure at affordable rates at Guduvanchery.

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