Top 10 Best Real Estate Investment Places In Chennai

Top 10 Best Real Estate Investment Places In Chennai
  • Chennai has expanded far & wide with new land additions.
  • An investor should be very careful in making investments in the lands.
  • The focus on long-term yields while investing in Real Estate very essential.
  • The condition of the market & demands plays a significant role in the real estate business.
  • The return on investment is a major factor in determining the profitability of real estate investment.
  • Generally, the return on investment is very high in commercial properties.
  • If we are very particular about stable income, then rental properties are highly profitable.  
  • proper care has to be taken to avoid wrong investments 

Essential Features Of The Best Real Estate Investment

● Good Location
● Purchase Price
● Small Flaws
● Low Maintenance Cost & Care
● Good Rent-to-price Ratio
● Low Vacancy Rates
● Long-term Appeal
● Fast Turnaround From Purchase To Renting
● Multiple Industry-dependent Nature.

1. Good Location

  • Good location mainly depends on the purpose of purchase & category to be targeted
  • The purpose of purchase is long-term yields & very good return on investments.
  • Each target category has its own preferences.

    For example,

  • Families prefer the proximity to schools, Colleges, essentials & also nearby leisure facilities.
  • The working category prefers the proximity to workplaces & connectivity, mobility & transport facilities.
  • The location should have growth potential of solid infrastructure with proper backup of planned improvements.
  • The location should be ideal for healthy local businesses & should cater to the need of high educational facilities.
  • The location should have good public transportation systems.
  • The location should have clearly marked access to public streets/roads/pathways.
  • If the location is situated with a front directly on the street/road, it’s better.
  • The rapidly developing infrastructure, robust connectivity, and the growth of IT/ITes establishment are highly appreciable.

2. Purchase Price

  • The money matters the most. The property’s true value is the intrinsic value.
  • The yield & growth potential determines the true value of a property.
  • A good deal is a deal where the purchase price is lesser than the property’s intrinsic value.

3. Small Flaws

  • There is no doubt that flawless properties are always good.
  • But at the same time, we can accept small flaws to garner high-level profit in the future.
  • The care should be taken to see that the small flaws must be a fairly quick fix.
  • The flaws must require very less quick fix time consuming with less money expenditure.
  • It is a good way to quickly fix & makes less attractive to be more attractive & improve the property value.

4. Low Maintenace Cost & Care

  • The low maintenance cost & care gives great relief to investors.

5. A Good Rent-to -Price Ratio

  • The right rent-to-price ratio can help you to figure out how to offer the right rent.
  • The renters have the tendency to weigh up the pros & cons of renting Vs buying.
  • Generally, rent of 5 % or less of the property purchase price is good.
  • If it exceeds 5 %, we may end up charging too much & automatically it will lower the demand for the property.

6. Low Vacancy Rates

  • It is good to invest in areas that have low vacancy rates.
  • The low vacancy rates indicate that the current landlords of that area don’t have a problem with their tenants.
  • It results that there will be more inclined to accept what we offer for our property.

7. Long-Term Appeal

  • Looking to the long-term features over the short-term trendy ones is a must for the best investment.
  • The new trends always affect the property market regularly.
  • The trends which are popular today may not be so popular tomorrow.
  • Always look for properties that stand out on their own merits.
  • For example ..sizeable bedrooms don’t go out of fashion.l

8. Fast Turnaround From Purchase To Renting

  • The normal tendency of investment is to rent out the property quickly.
  • Sometimes the flaws might take too much of work with heavy expenses to fix the flaws.
  • The more the time we spend without a tenet in our property costing us more money without generating any return

9. Multiple Industry-Dependent Nature

  • Better to prefer several industries of different nature ( Multiple industries ).
  • It is always good to prefer the property in regions that have several types of industries.
  • Because each type of industry has a good boom period as well as less boom period which will affect the rent structure.
  • People who can afford high rent at the boom period can not afford the same during the dull period.
  • It makes the renters to reduce the rent and sometimes get into mortgages problem.

Places Of The Right Combination Of Essential Features - Top Ten Real Estate Investment Places In Chennai.

The right combination of essential features helps us to identify the best top ten real investment places in Chennai. The list is as below

  • Pallikaranai
  • OMR
  • Oragadam
  • Guduvanchery
  • Ambattur
  • Valasaravakkam
  • Mambakkam
  • Perambur
  • Thiruvallur
  • Korattur

Pallikaranai

  • Located very near to the IT corridor of OMR as well as the Automotive manufacturing region ( GST road ).
  • The employment hubs like Velacherry, Medavakkam, Karapakkam, and Perungudi are very close to this area.
  • Excellent connectivity with other parts of Chennai and move in and out of the city. ( Pallavaram – Thuraipakkam main road, Velacherry main road and Inner ring road, Near to Guindy and Chrompet bus stands, Tambaram & Guindy Railway stations are just 15 k.m away, Alandur & St.Thomas metro stations are very near and the International Airport is just 12 k.m away, the proposed extension of the Pallavaram – Thoraipakkam road up to ECR and the Metro corridor along OMR – Medavakkam )
  • Well-managed Civic Infrastructure
  • Popular hospitals like Dr.Kamakshi memorial hospital and V-Care hospitals are located in this area.
  • Well-regarded educational institutions like Narayana Vidyashram, Vrithi Montessori, and Vels institute of technology are present in this area.
  • This area got excellent established retail showrooms
  • Several infrastructure projects are in the pipeline in the adjoining areas.
  • Birds migrate here throughout the year from all across India and other nations, making it one of Chennai’s last remaining wetland Eco-systems.
  • Cater to both the affordable as well as luxury segments’ housing requirements.
  • The current property price range is Rs. 3,800 – Rs.7,500 per Sq.ft.

OMR

  • The Rajiv Gandhi IT expressway ( State Highway 49-A ) is referred to as the OMR ( Old Mahabalipuram Road ).
  • The OMR stretch lies between Madhya Kailash Temple in Adayar to Mamallapuram in Kanchipuram.
  • The OMR road connects Major commercial areas like Thiruvanmiyur, Pallikaranai, Neelankarai, Guindy Railway station and Chennai central railway station are the major commercial areas in this road.
  • The Chennai international airport is just 30 min drive from this area.
  • The famous Accenture, Hcl technologies, Lastech systems PVT ltd., Wonderworks technologies and Yes Infotech are some of the famous IT companies in this area. ( using OMR we can reach all the IT companies up to Madhyakailash, especially Siruseri ….. Via both front and back gate its only 5.5 k.m )
  • Various IT and Financial companies offer good job offers. OMR is popularly known as IT corridor as it has a popular IT hub and other growing workplaces.
  • Tidel Park, Ascendas, and KMZ Millenia are some of the famous commercial hubs in this area.
  • The excellent growth of micro-markets in Taramani, Perungudi, and Karapakkam lead to the tremendous growth of residential projects in this area. ( many of them are multi-story residential projects of 2 BHK types ).
  • Abacus Montessori school, MNM Jain engineering college, and St.Joseph’s college of engineering are some of the famous educational institutions in this area.
  • Apollo hospital, excellent Supermarkets and extraordinary entertainment centers are present in this area.
  • Beautiful landscapes offer breathtaking views.
  • Both budget-friendly and luxury home options are available.

Oragadam

  • Oragadam lies at the junction between the GST, NH 4 and NH 45.
  • Some of the famous world’s leading companies like Motorola, Dell, Nissan, Apollo Tyres, TVS Electronics and TVS group of companies, Ashok Leyland have set their headquarters in this area.
  • It is one of the largest Automobile hubs in South Asia. In addition, the nearby Sriperumbudur has the most famous industrial hub.
  • The Chennai Metro improved the transportation facilities to a great extent.
  • The Chennai Salem Expressway extends the commutation to a large extent. 

Guduvanchery

  • Guduvanchery is an upcoming smart city with the largest residential area and it is developing day by day. 
  • Guduvanchery is situated along the Tiruchi – Chennai ( NH – 45 ) national highway and it lies between Tambaram and Chengalpattu. 
  • The best calm suburb is located 35 k.m. from the main city with a serene atmosphere.
  • This is one of the best hot properties in Chennai, especially in terms of proximity and access.
  • The land is surrounded by a calm atmosphere with lakes like Nandivaram lake, Thaangal  Ea