Plots/Land for sale in Chennai

Top Five Localities to Buy Plots in Chennai

The real estate market in Chennai boasts various advantages, with each neighborhood offering unique advantages and investment potential. However, some common factors that should be considered while buying plots are location, property value, investment return potential, parent deed, connectivity, infrastructure, land approvals, and more. Taking all these factors into consideration, the top 5 localities to buy plots in Chennai are Medavakkam, Urapakkam, Kelambakkam, Avadi, and Guduvancheri. 

1. Medavakkam 

Medavakkam is located on the Sholinganallur road, which has experienced rapid growth in recent years. Medavakkam offers better connectivity via the Medavakkam main road, and Velachery - Tambaram main road. Medavakkam is located in closer proximity to key areas with top IT hubs like Perungudi, Thoraipakkam, Taramani, and Sholinganallur. It has better social infrastructure, with reputed schools, top hospitals, shopping complexes, and markets. The upcoming metro phase 2 corridor 3 will also enhance connectivity, positively impacting real estate growth in this area. Thus, Medavakkam would be an ideal choice for homebuyers to invest in a plot. 

2. Urapakkam 

Urapakkam is one of the top residential localities in Chennai. Urapakkam is well-connected to other localities in Chennai due to the presence of the Chennai Bypass Expressway, Outer Ring Road, NH32, and Vandalur - Kelambakkam Road. Arignar Anna Zoological Park is located within a radius of 3 km from Urapakkam and is one of the must-visit places in Chennai. It also encompasses various top schools and healthcare facilities like Sri Sankara Vidyalaya Matriculation Higher Secondary School, Neelan Matriculation School, Deepam Hospitals, Hosanna Hospital, and more. The presence of these basic amenities in Urapakkam makes it one of the top choices for buying plots in Chennai. 

3. Kelambakkam 

Kelambakkam is one of the upcoming residential localities in Chennai, situated on the Old Mahabalipuram Road Corridor. It has better accessibility to various IT parks and employment hubs like Pacifica Tech Park, Alpha City SSPDL, and ETA Technopark SEZ. Kelambakkam offers a comfortable lifestyle with all the basic amenities. It has top educational institutes, healthcare facilities, shopping malls, entertainment, and supermarkets within reach. The upcoming metro project phase 2, corridor 3, will impact real estate in this area, enhancing connectivity. The demand for plots in Kelambakkam will significantly increase in the near future. 

4. Avadi 

Avadi is a popular residential suburb located in the western parts of Chennai. It is one of the highly sought-after areas in Chennai for residential real estate investment as it has easy access to all the necessary basic amenities like seamless connectivity, excellent healthcare, reputed educational institutes, shopping complexes, and more. Some of the must-visit places in Avadi are Avadi Paruthipattu Lake Green Park, Shri Vedapureeswarar Temple (Tiruverkadu), and Vilinjiyambakkam Lake. The infrastructural development in this area has transformed it into one of the most sought-after residential areas to buy plots in Chennai. 

5. Guduvancheri 

Guduvancheri is one of the developing localities in Chennai, situated in the southern region. It has better accessibility to other parts of the city via road and rail. The Guduvancheri railway station is located in closer proximity. Some of the other emerging localities near Guduvancheri are Urapakkam, Potheri, Vandalur, and Adhanur. The GST Road passing through Guduvancheri offers easy access to prime localities like Chengalpattu and Tambram. It has a well-developed social infrastructure, with various schools, colleges, and hospitals within reach. It offers plots of various sizes within the budget when compared to other localities. 

Current Market and Price Trends for Plots in Chennai 

Chennai’s real estate market encourages home buyers and investors to buy plots, which is expected to grow in value in the future. Based on a report by HinduBusinessLine.com, the residential market in Chennai has grown up to 5% in the last year. The current market and price trends to buy plots in Chennai in the top localities with an increase in property value in the last 10 years are listed, 

• Medavakkam- 4,000 INR per sq feet, with a 143% increase 
• Urapakkam- 4,500 INR per sq feet, with a 104.2% increase 
• Kelambakkam- 3,800 INR per sq feet, with a 75.4% increase 
• Avadi- 4,500 INR per sq feet, with a 98.1% increase 
• Guduvanchery- 2,500 INR per sq feet, with a 120.1% increase 
• Sholinganallur- 5,000 INR per sq feet, with a 125.3% increase
• Tambaram- 3,500 INR per sq feet, with a 138.6% increase
• Perungalathur- 4,000 INR per sq feet, with a 49.6% increase
• Ambattur-  6,000 INR per sq feet, with a 17.7% increase
• Siruseri-  3,500 INR per sq feet, with a 105% increase

Disclaimer: This data is purely based on the Market research