Choosing the right location can seem like a daunting task sometimes. It’s almost as if one needs clairvoyant powers to be able to predict the potential for an increase in property value.
Thankfully, all one really needs is some smart research to uncover unexpected insights. One simple suggestion is to follow the herd. When locations find increasing numbers of homebuyers, it is usually for a very good reason.
RoofandFloor has access to the top 5 Chennai locations that have been the cynosure of home seekers’ eyes for the first six months of 2017. Take a look.
Medavakkam
Among all locations in Chennai, Medavakkam stands out as most popular as per our data with 24,794 searches.
Average buying price in Medavakkam is Rs 4790 per sq ft approximately.
Prices have seen an increase of around 45% since 2009.
Medavakkam lies in close proximity to other rapidly developing areas such as Tambaram, Velachery, and Sholinganallur.
The Tambaram-Velachery Main Road connects Medavakkam to both areas as well as the East Coast Road.
The Outer Ring Road will improve connectivity to the Rajiv Gandhi IT expressway, thereby making it more convenient for employees of IT/ITES companies.
Schools in Medavakkam include:
- Bharathi Vidyalaya Senior Secondary School
- BS Matriculation School
- Nethaji Vidyalayam
- Ravindra Bharathi Global School
- Velammal New Gen School
There are also colleges such as:
- Asan Memorial College of Arts and Sciences
- ASAN Institute of Management
- New Prince Shri Bhavani Arts and Science College
- Mugavari School of Optometry
Medical facilities in the area include hospitals such as Annai Theresa Hospitals, Arun hospital, Global hospitals and CM 24 Hours Hospital.
If you’d like to explore residential projects in the area, click here.
Tambaram
The next most sought out locality as per our data was Tambaram with 22,542 searches.
The average purchase price for residential projects is Rs 4,988 per square foot, which is a 53% increase since 2009.
Tambaram enjoys good connectivity to other parts of the city via trains (through the Tambaram railway station) as well as road transport. The Tambaram flyover connects Mudichur Road, GST road and Velachery main road. The international airport is also very accessible at a distance of 10km.
Social infrastructure in Tambaram is good since it is a bustling suburb. Educational institutions here include:
- Madras Christian College
- Annamal Institute of Hotel Management
- Quaid-e-Millath College for Men
- Jaigopal Garodia National Higher Secondary School
- Christ King Girls’ Higher Secondary School
For medical attention, one can approach Hindu Mission Hospital, Kasthuri Hospital or Bethesda Hospital, among others.
Popular malls and entertainment centers are at accessible distances in Velachery.
You can find appealing residential projects in Tambaram here.
Avadi
Number of searches: 21,345
The average buying price for residential property is Rs 3,607 per square foot.
Situated in the Western part of Chennai, Avadi is a fast-growing locality with multiple military and police establishments. The area is well connected to other parts of the city through road and rail transport.
The planned 6-lane highway from Chennai to Tirutani passing through Avadi will prove to be instrumental in property value increase in the near future.
Schools and colleges in the area include:
- Air Force School
- Kendriya Vidyalaya
- Jaigopal Garodia Vivekananda Vidyalaya
- Murugappa Polytechnic College
- Nazareth College of Education for Women
- Aalim Muhammed Slegh College of Engineering
Hospitals such as Sir Ivan Stedeford hospital, Sri Sudharsanam Hospital and Immanuel Clinic dispense medical care to residents of the area.
If you’d like to explore homes in Avadi, click here.
Poonamallee
Number of searches: 20,670.
The average buying price per square foot for residential projects is Rs 4,107, which is up approximately by 18% since 2012.
Close to popular residential locations such as Anna Nagar and Porur, Poonamallee is another upcoming locality that could be considered for home purchases. It is home to many big corporations such as Dell, Asian Paints, Hyundai, Samsung, Nokia, Motorola, Saint Gobain and more.
Poonamallee is easily accessible by the state highway as well as the National Highway 4. The completion of the Outer Ring Road will enhance connectivity further, driving prices higher than they are at present.
The location has schools and colleges such as:
- Loyola International Residential School
- St Joseph’s Matriculation Higher Secondary School
- Sana Model School
- Panimalar Engineering College
- Saveetha Dental College
- Alpha Engineering College
Medical facilities include hospitals such as Be Well Hospitals, Ramdas Hospital, Vasan Eye Care and others.
To explore homes in Poonamallee, click here.
Porur
Number of searches: 19,810 searches.
The average buying price in Porur has increased from Rs 3266 in 2009 to Rs 6086 in 2017.
The locality is in close proximity to the Chennai-Bangalore highway as well as NH-4. Connectivity is further improved thanks to the Chennai bypass road and Arcot road. Planned IT parks and SEZs are touted to increase property value further in the near future.
Porur plays host to schools and colleges like:
- Grace Matriculation
- Holy Angels Matriculation School
- St Johns School
- Swamy’s School
- Sri Ramachandra University
- Meenakshi Ammal Dental College
In case of medical needs, residents can approach St Joseph’s Hospital, Parvathy Hospital, Kedar Hospital or Sri Ramachandra Hospital.
For recreation options, nearby areas such as Vadapalani have multiple theatres, brand showrooms and malls.
If you’d like to explore residential projects in Porur, click here.
Finding the perfect location doesn’t have to be overwhelming. Smart decisions can lay the foundation for decades of happy home ownership.
