Where to look for apartments in Chennai west

Porur

Porur is one of the most well-known suburbs in the western part of the city. It is home to many IT parks and has a slew of arterial roads running through it. Hence it is remains popular among home buyers. 

The going rate for apartments in Chennai located in Porur stands at INR 5100 per square feet on average. This is a drop of 2% when compared to the previous quarter when the going rate stood at INR 5200 per square feet on average. A year ago in the third quarter of 2013 the going rate stood at INR 5200 per square feet on average. This was a drop of 20% in prices when compared to the second quarter of that year. In the last quarter of that year the going rate jumped up by 12% and the stood at INR 5800 per square feet on average. The going rate for an individual house for sale in Chennai located in this micro market currently stands at INR 5100 per square feet on average. The going rate for the same stood at INR 5200 per square feet a year ago. 

Iyyapanthangal

Iyyapanthangal is located in the western part of Chennai. It is situated close to Porur and has benefited from the demand for properties located in Porur.

The going rate for apartments in Chennai located in Iyyapanthangal stands at INR 4100 per square feet on average. This is a marginal drop of 1% when compared to the previous quarter when the going rate stood at INR 4125 per square feet on average. A year ago in the third quarter of 2013 the going rate stood at INR 4000 per square feet on average. This was a 12% decrease in prices when compared to the previous quarter. In the last quarter of that year the going rate increased marginally by 2% and the prices stood at INR 4080 per square feet on average. The going rate for an individual house for sale in Chennai located in this micro market currently stands at INR 7500 per square feet on average. The going rate for the same stood at INR 5100 per square feet a year ago. This an appreciation of about 47% over the past one year. 

KK Nagar

KK Nagar is one of the more well established micro markets in the western part of Chennai

The going rate for apartments in Chennai located in this micro market stands at INR 15400 per square feet on average. This is a huge increase of 42% when compared to the previous quarter when the going rate stood at INR 11000 per square feet on average. In the third quarter of 2013 the going rate stood at INR 10000 per square feet on average. In the last quarter of that year the going rate went up by 16% and the stood at INR 11600 per square feet on average. The going rate for an individual house for sale in chennai located in this micro market currently stands at INR 15500 per square feet on average. 

Yamuna Expressway turns into an investor’s haven

Yamuna Expressway in the National Capital Region is one of the emerging investment options today. It has become the hub of real estate development since it became operational. The Expressway stretches along 165 km starting from Noida progressing to Greater Noida and Agra. The Yamuna Expressway crossing these two important cities of Noida and Greater Noida has certainly spurred the realty activity in the region. These two areas are well developed and the Expressway adds to the connectivity of the region and appreciating prices of property in Yamuna Expressway.

Areas in Noida are developed and today stands in the forefront of restrictive land availability. The land is becoming exclusive and private and builders have individuals have to pay a hefty price for own a land in Noida. 

As in the case of many developed areas, appreciation of property is dependent on its location and return on investment mostly come through rentals. But with the coming of property in Yamuna Expressway it has opened up many opportunities for individuals and builders to invest in the peripheries of the National Capital Region.

Major developers like Jaypee Builders have already announced projects along the expressway. They have been said to acquire huge plots in Yamuna Expressway for the same. The major attractions that brings investors to this area is the F1 track in the vicinity and its close proximity to one of the most revered tourist spot in the country, Agra. Major developments have been planned keeping in mind its strategic location. 

For now the expressway and the connectivity it provides is the only major infrastructure development in the area. With the successful operation of the opportunities provided by the Yamuna Expressway, government and the development authorities have charted out other major infrastructure projects to cover this region. Although this might take a few more years to come to life, for the ones investing in plots in Yamuna Expressway, this is good news. 

Your property is sure to appreciate by 30 to 50 percent if industry experts are to be believed. Another major attraction factor for the investor remains its close proximity to the developing regions like Greater Noida. There is a lot of real estate activity going on in these regions, which will further translate and expand to its neighbouring territories. Things are surely looking up for the Yamuna Expressway stretch.

Prices of multi storey apartments have remained stable over the over. Today one can buy an apartment for a reasonable cost here. Affordable housing projects also show good prospect in the region. Residential plots however have shown good demand with an appreciation of 30 to 40 percent in the past year. Plots can be considered an ideal investment choice in the region for the ones not looking to reside here. Rental values in the area for now are low and is said to pick up in the following years. The appreciation of rental and capital value will be a slow process and will show a significant change only in the next few years.

Author Bio:

Sulabha Kulkarni is a freelance writer and an avid blogger, following the real estate sector and property in noida closely for many years. Her areas of expertise are finance, apartments in chennai and real estate sector in India 

Top Three Residential Localities in Bangalore

Marathahalli

Marathahalli is an IT hub located in the eastern part of Bangalore. The going rate for apartments located in this micro market stands at INR 3600 per square feet on average. Individual homes and villas cost INR 7900 per square feet on average. 2 BHK apartments for sale in Bangalore located in this micro market are the most in demand. This is followed by 3 BHKs. 1 BHK apartments for sale in Bangalore located here come in at third place. The most preferred unit size for apartments here falls between 1001 and 1250 square feet. This is followed by the 1251 to 1500 square feet range. 

Buyers are most willing to spend anywhere between INR 30 to 40 lakhs on properties here. This is followed by the INR 40 to 50 lakhs range. They are most willing to spend anywhere between INR 3001 to 3500 per square feet on apartments here. This is followed by the 3501 to 4000 per square feet range.

Yelahanka

Yelahanka is located in the northern part of Bangalore which has become quite popular among home buyers. The going rate for apartments located in this micro market stands at INR 5600 per square feet on average. Villas in Yelahanka can cost anywhere between INR 7000 to 13000 per square feet depending on the amenities offered. 2 BHK apartments for sale in Bangalore located in this micro market are the most in demand. This is followed by 3 BHKs. The most preferred unit size for apartments here falls between 1001 and 1250 square feet. 

This is followed by the less than 500 square feet range. Buyers are most willing to spend anywhere between INR 20 to 30 lakhs on properties here. This is followed by the INR 10 to 20 lakhs range. The INR 2000 per square feet range or more is the most popular per square feet budget range here. This is followed by the 2501 to 3000 per square feet range.

Sarjapur Road

Sarjapur Road is one of popular upcoming micro markets in Bangalore located in the south eastern part of the city. The going rate for apartments located in this micro market stands at INR 7900 per square feet on average. Individual homes and villas cost INR 6000 to 7000 per square feet. 2 BHK apartments located in this micro market are the most in demand. This is followed by 3 BHKs. 1 BHK apartments for sale in Bangalore located here come in at third place. The most preferred unit size for apartments here falls between 1001 and 1250 square feet.

 This is followed by the 1251 to 1500 square feet range. Buyers are most willing to spend anywhere between INR 30 to 40 lakhs on properties here. This is followed by the INR 10 to 20 lakhs range. Buyers here are willing to spend an amount which is equal to or more than INR 2000 per square feet on apartments. This is followed by the INR 3001 to 3500 per square feet range.