While apartments dominate the property spectrum in the Chennai real estate market, plots are holding their own. Being a conventional market, investors in the city still prefer to buy a plot of land and build their own home.
Taking a cue from this, a number of developers in the city are now focusing on this property type.
By reducing sale numbers, dedicating a portion of land for plotted layouts is turning to be a profitable option for developers. At present, Chennai has several ongoing plotted projects. However, one should be very careful before investing in a plot as the market is dominated by several unapproved plotted layouts.
Here is a list of top five projects by reputed builders in Chennai that are safe to invest in!
Casagrand Uptown
Spread over 30 acres, Casagrand Uptown is an integrated township of plots. Located in an upcoming locality, Thandalam, it is expected to fetch healthy returns on investment. A 20-minute drive from Poonamallee Junction, it promises a pollution-free environment.
A RERA-registered project, it has 471 plots up for sale. Along with well-laid roads and trunk infrastructure, Casagrand Uptown also offers maintenance for the next five years.
Plots are available at a per sqft rate of Rs 1,350. Thus, a 1,500 sqft plot is available at a base price of Rs 20.25 Lakh, while a 2,400 sq. ft. one is available for Rs 32.40 Lakh.
Radiance Samudra
Promising a beautiful layout with coconut trees and grasslands, one can converse with nature daily at Radiance Samudra! Situated at Muttukadu, the plots here offer a lifestyle with a perfect blend of nature and adventure.
With easy access to Dakshinachitra, a living museum of art, architecture, and performing arts, living here would be a delight for all art enthusiasts.
The project is located along the East Coast Road (ECR). Though it is located at a distance of 36km from Chennai, it enjoys good connectivity to the OMR (IT Corridor) that runs parallel to it.
These DTCP-approved plots are available in the size range of 2,213-5,061 sq. ft and are priced in the range of Rs 64 Lakh to Rs 1.13 Crore. It is imperative to mention here that the project does not come with too many amenities except for security and street lights.
Sobha Evergreens
Located in Kundrathur, Sobha Evergreens is a gated project that offers 117 well-laid plots spread across 10.06 acres. Nestled between the Outer Ring Road (ORR) and the Chennai Bypass, the locality is growing a rapid pace due to swift accessibility to the international airport, Sriperumbudur, Oragadam, and Mahindra World City.
These ready-to-construct plots are available in the size range of 2,400-7,381 sq. ft. and are priced between Rs 42 Lakh – 1.13 Crore.
Vanavil IIT Nagar Kelambakkam
A project by Vanavil Enterprises, Vanavil IIT Nagar is a plotted development that is coming up in Puthupakkam. The project is located opposite to the proposed IIT Madras campus, hence the name IIT Nagar. It offers plots in the size range of 600-3,000 sq. ft. at a starting price of Rs 8.7 Lakh.
Being a gated community, these DTCP-approved plots offer basic amenities to its residents along with some plot-related amenities such as a blacktop road, street lighting, and fencing.
VGN Brent Park
Looking to own a plot in a prime location? If yes, VGN Brent Park should definitely be on your search list! Located just 5km away from Anna Nagar, the plots in this project are ready-to-construct with basic infrastructures like roads and street lights in place.
Being strategically located, it is just a kilometer away from Indiabulls Park. Also, the Ambattur Estate Bus Stand and Railway Station are easily accessible from here.
A RERA-registered project, plots in Brent Park are CMDA-approved and have a clear title. (Read here why you need a plot with clear title!). The plots are available in size range of 646-2,500 sq. ft. and are currently priced at Rs 37 Lakh- Rs 1.40 Crore.
