The most happening hotspot in Chennai real estate in
recent days is Tambaram. Tambaram is the southern gateway of Chennai. It has
seen numerous developments in last decade that has helped Tambaram evolve from
just a city outskirt to a large residential hub and a most sought-after
locality. Tambaram has always been on news when it comes to real estate.
Especially in the recent years, the number of new residential projects,
residential plots for sale have been increasing a lot. The real estate projects
in Tambaram is flooding in all kinds of real estate news in Chennai. Many real
estate enthusiast expect Tambaram to witness a massive growth in terms of real
estate and economic growth in another 4 to 5 years of time.
Ideal location, constant price appreciation, easy
connectivity and presence of social and physical infrastructure makes Tambaram
ideal for real estate investment. Separated by the railway station as East and
West Tambaram, both the areas has its own positon in Chennai real estate. Various
civic growth along this locality, presence of reputed educational institutions,
road and rail connectivity makes both East and West Tambaram ideal for
residential projects.
Though Tambaram is not closely located to popular IT
hubs in the city, it offers easy road and rail connectivity to all important
localities of the city. You can travel to any part of Chennai from Tambaram in
MTC buses that covers most routes in the city offering easy accessibility to
all the work places in the city. This is the main reason why people prefer to
buy apartments for sale in Tambaram. Not only known for flats for sale, but
there are also various plots for sale in areas in and around Tambaram such as
Manimangalam, Mudichur, and Oragadam in Tambaram West and
Tiruvancherry,
Paduvancherry, and Ponmar in East Tambaram.
Close proximity to the International Airport, SEZ in
Perungalathur, MEPZ in Sanatorium and other popular retail shops make Tambaram
the most happening and most busy locality. Realty growth in Tambaram is mainly
driven by manufacturing and commercial activities in this locality. Popular
retail giants who were having their retail outlets only within the city limits
have now started to launch their large outlets in and around Tambaram due to
its growing demand and importance among the population. Commercial growth in
Tambaram has lured investors towards it making many reputed developers to
launch several new residential projects in Tambaram.
Tambaram also boasts good infrastructure, well-laid
roads, and rail that contribute in upswing of real estate trends in this area. Apart
from high demand for residential units, the rate of office space absorption is
also very high here. Price is also another vital factor that fuels real estate
growth in Tambaram. While you will have to spend more than Rs. 60 lakhs to buy
a 2 BHK apartment within the city limits, you can buy one for just Rs. 40 to 45
lakhs in Tambaram without sacrificing on any basic amenities. The rate of
appreciation here is also very good. You can expect a high return of interest
from properties in Chennai.
