Do you have a budget of Rs 50 Lakh and you are looking to invest in ready projects in Chennai? If yes, you have come to the right place!
We have scoured our database to find you the best ready-to-occupy projects in Chennai along with some that are slated for possession in 2018. We added an extra parameter because the homebuyer comes first, always! So, we also checked for properties that have all legal approvals in place. Give your worries a break and find out where you can invest that money.
L&T Eden Park Phase II
Location: Siruseri
Why: Developed by L&T Realty, the second phase of Eden Park occupies the first position in our list of top ready-to-occupy projects. While there are several factors for this, its location and the presence of the Padma Seshadri Bala Bhavan (PSBB) school tilted the scale in its favour.
Located in Siruseri, off the Old Mahabalipuram Road (OMR), the project enjoys proximity to the SIPCOT IT Park, which is situated at about 3km from the project.
L&T Eden Park Phase II offers spacious apartments in 1, 2, and 3 BHK configurations. The project also has a central clubhouse that boasts of a gymnasium, library with an auditorium, spa, restaurant, and cafeteria.
Legal status: The project is RERA-approved and also has legal approvals from CMDA and DTCP.
TATA New Haven – Ribbon Walk
Location: Mambakkam
Why: Overlooking the Karanai Forest and Mambakkam Lake, New Haven Ribbon Walk by Tata Housing offers 1, 2, and 3BHK apartments in varied sizes. There are multi-level courtyards and green spaces connected by a ribbon landscape.
Apart from the ribbon themed landscape, New Haven Ribbon Walk also offers other amenities such as a skating rink, amphitheatre, business centre, library, swimming pool, meditation centre, and restaurant.
About 60% of the area in Mambakkam is reserved forest. Now, that should offer some succour in the Chennai heat!
Legal status: The project is DTCP-approved and is also a pre-certified green development that offers 70% open space.
(Want to invest in Bangalore instead? Check our top 8 ready-to-occupy projects in Bangalore)
Happinest
Location: Singaperumal Koil
Why: Spread across an acre, Happinest is developed by Lifestyle Housing and Infrastructure, and offers only 68 residences in 2,2.5, and 3BHK configurations.
Being strategically located in Singaperumal Koil, the project enjoys swift accessibility to GST Road.
Further, Mahindra World City SEZ and SIPCOT are also easily accessible from here.
Happinest also has a clubhouse with over 15 basic amenities like a swimming pool, gymnasium, multipurpose hall, and indoor games, among others.
Legal status: This ready-to-occupy project is Vaastu-compliant and is approved by DTCP.
Akshaya Republic
Location: Kovur
Why: Located in Kovur, Akshaya Republic by Akshaya Pvt Ltd. offers luxurious 2 and 3 BHK apartments in the range of 614 – 1471 sq. ft. Known for its colonial architecture, the project has over 77% of the project dedicated to open spaces.
Spread across 8.68 acres, Akshaya Republic has a nursery school inside the project premises. Standard amenities include a clubhouse with a terrace garden, signages, ATM, grocery store, and a garden theatre with a stage.
Legal status: The project is RERA-approved and has several units for sale in both the primary and secondary market.
All the above-mentioned projects are ready-to-occupy. Now, let’s take a look at projects that will be ready for possession within a year.
XS Real Centra
Location: Perungalathur
Why: XS Real Properties Pvt Ltd has created in XZ Real Centra a project that is strategically located along GST Road. One feature that we like is that there are no common walls between the apartments. Each apartment has been constructed to allow for light and ventilation without affecting privacy.
The project has two towers and offers apartments in 2, 2.5, and 3 BHK configurations. Being a small project (74 units), there are not many premium amenities. The project is currently under construction and is expected to be completed by December 2018.
Arun Excello Abhang
Location: Madipakkam
Why: Developed by Arun Excello Realty Pvt. Ltd, Abhang is being developed in three phases and comprises of four apartments each in a stilt + 2 floors design. It offers 2BHK apartments sized in the range of 775-960 sq. ft.
Though it’s a small project with basic amenities, the space-efficient floor plan, and its location makes it a worthy investment.
Further, its easy accessibility to the IT companies at Velachery and Old Mahabalipuram Road (OMR) makes it a good option for tech professionals.
Radiance Royale
Location: Poonamallee
Why: Proposed infrastructural developments like the Elevated Expressway and Metro Rail makes Radiance Royale a good investment. Located in Poonamallee, it boasts of excellent connectivity to the IT companies and industries in Ambattur Industrial Estates and Kattupakkam.
Developed by Radiance Realty Developers India Ltd, the project has 247 apartments in 2, 2.5, and 3BHK configurations in different sizes. All the units in the project are Vaastu-compliant.
Legal status: Radiance Royale is RERA-registered and has already received the Completion Certificate.
It is slated for possession in December 2018.
