Why you should think about investing in micro markets in GST Road

Perungalathur
A property in Chennai such as an individual house located in this micro market can cost about INR 4400 per square feet on average. About a year ago the going rate for this property type stood at INR 5900 per square feet on average. This is a drop of about 25% over the last year. 

The going rate for apartments here between April and June 2014 stood at INR 4100 per square on average. This was a drop of about 1% when compared to the previous quarter when the prices stood at INR 4200 per square feet on average. In the 2nd quarter of the year 2013 the asking price for apartments here stood at INR 3900 per square feet on average which was a drop of about 4% when compared to the previous quarter. In the third quarter the prices went up by about 2% and stood at INR 4000 per square feet on average.

Guduvanchery
A property in Chennai such as an individual house located in this micro market can cost about INR 4400 per square feet on average. About a year ago the going rate for this property type stood at INR 4600 per square feet on average. This is a drop of about 5% over the last year. 

If you are looking for property in Chennai then Guduvanchery is one of the best places to begin at for affordable ones. The going rate for apartments here between April and June 2014 stood at INR 3200 per square on average. This was a drop of about 7% when compared to the previous quarter when the prices stood at INR 3500 per square feet on average. In the 2nd quarter of the year 2013 the asking price for apartments here stood at INR 3600 per square feet on average which was an increase of about 10% when compared to the previous quarter. In the third quarter the prices took a dip of about 13% and stood at INR 3100 per square feet on average.

Vandalur
A property in Chennai such as an individual house located in this micro market can cost about INR 3600 per square feet on average. About a year ago the going rate for this property type stood at INR 5900 per square feet on average. This is a drop of about 39% over the last year. 

The going rate for apartments in chennai here between April and June 2014 stood at INR 4000 per square on average. This was a drop of about 6% when compared to the previous quarter when the prices stood at INR 4200 per square feet on average. In the 2nd quarter of the year 2013 the asking price for apartments here stood at INR 4000 per square feet on average which was an increase of about 8% when compared to the previous quarter. In the third quarter the prices went up by about 12% and stood at INR 4500 per square feet on average. Looking at the price trends in this micro market, Vandalur is also another place that should be on your radar if you are looking to buy flats to buy in Chennai.

Indirapuram-One of Delhi NCR’s in demand localities

Indirapuram is a locality situated in Delhi National Capital Region’s Ghaziabad city. It is considered to be one of the fast developing and posh localities in this region and Properties in Indirapuram are in demand these days. Its location and connectivity are the key selling points for this locality.

Indirapuram is strategically placed on the National Highway 24. The Indira Gandhi International Airport is at a distance of 32 kms from this locality through the NH 24. Through the NH 24 it is well connected to Delhi and even Noida. Since it is located close to these cities, it is a market which is preferred by those who are working out of these cities. 

 Indirapuram also has metro connectivity through a station in Vaishali. The locality is also set to get its own metro station. The Uttar Pradesh government has approved a metro line from Noida City Centre to Electronic City  flats in Noida. Increased connectivity leads to an increase in property rates. The metro connectivity which this locality is set to recieve will definitely serve to increase rates of properties in Indirapuram. Taking just the connectivity offered by this locality into consideration it is not hard to see why apartments for sale in Indirapuram are much sought after.

Indirapuram is not lacking social infrastructure either. The locality possesses sound social infrastructure in terms of quality educational institutions and healthcare facilities. Your entertainment needs also are taken care of as there are plenty of malls present here.

The going rate for properties such as apartments for sale in Indirapuram is INR 5700 per sq ft on average. Once the metro connectivity hits this micro market property rates here will increase by 20 to 30% overtime.
 
Indirapuram has properties for every segment. Riding on the back good connectivity, location and improvements in infrastructure the only place properties in Indirapuram can go is upwards.

Why investing in plots in Ambattur makes sense

North Chennai is well on its way to becoming a booming real estate destination in Chennai City. With south Chennai heading towards saturation and property rates there being very expensive, areas in north Chennai have become popular. One such micro market is Ambattur. The area was primarily known to be an industrial hub and was populated by blue collar workers. The scenario has now changed with many Information Technology companies setting up base there and looking for commercial properties for sale in Ambattur.

The going rate for plots in Ambattur stood at INR 2600 per square feet on average in the last quarter of 2012. In the first quarter of 2013 the going rate stood at INR 2900 per square feet on average. This was an increase of 11% when compared to the last quarter of that year. In the second quarter of that year the going rate for plots here stood at INR 2400 per square feet on average. This is a dip of about 17% in the price for properties in chennai. In the third quarter of that year the going rate remained unchanged. But in the last quarter of that year the going rate jumped to about INR 3200 per square feet on average. This was an increase of about 33% when compared to the previous quarter. In the first quarter of the 2014 the going rate stood at INR 3000 per square feet. There was a marginal dip in prices again the second quarter of 2014 as they stood at INR 2900 per square feet. Currently the going rate for plots here stands at INR 3600 per square feet on average.

The going rate for apartments in this micro market currently stands at INR 4100 per square feet. This is an increase of about 3% when compared to the previous quarter. In the third quarter of 2013 the going rate for apartments here stood at INR 3400 per square feet on average which was a dip of about 14% when compared to the previous quarter. In the last quarter of that year the going rate stood at INR 5000 per square which was tremendous leap of about 50% in prices. In the first quarter of 2014 the going rate once again dipped to about 21% and stood at INR 4000 per square feet. The going rate for individual homes here stands at INR 5500 per square feet on average. About a year ago the going rate for this type of property stood at INR 6000 per square feet.

There is maximum demand for  apartments in chennai.  This is followed by 1 BHKs. The most preferred unit size for apartments here falls between 751 and 1000 square feet. Buyers are willing to spend anywhere between INR 20 to 30 lakhs on apartments here. One can easily purchase a 3 BHK apartment here within a budget of INR 40 to 50 lakhs. Investing in residential or commercial properties for sale in Ambattur can be a good decision.