Chennai’s brush with rains and cyclones is not new to us. Come what may, the city’s high spirit is always alive. This can also be gauged by the constant growth that Chennai has displayed after the global financial crisis, tsunami, and the floods. Popularly known as the Gateway to Southern India, the presence of IT/ITeS and manufacturing units is the backbone of the city’s residential market.
Interestingly, Chennai also secured a place in the list of Top 10 Fastest Growing Cities in the World, as per Forbes Magazine. Improving connectivity, development of Ponneri as a Smart City, and the Chennai -Bangalore Industrial Corridor (CBIC) are a few major projects on the anvil that are likely to enhance the appeal of Chennai as a city for homebuyers as well as global investors.
So, if you are planning to buy a property in Chennai but are confused about the localities, don’t worry! We’ve got your back. In this article, we present you the top five most searched localities in Chennai on RoofandFloor that will surely help you to embark on your home buying journey.
Medavakkam: Where nature blends with contemporary lifestyle
With property values along the Old Mahabalipuram Road (OMR) heading north, Medavakkam has emerged as an alternative for the professionals who want to stay close to their workplace. The Tambaram-Velachery Main Road passes right through this locality, ensuring good connectivity to several important areas in the city.
Further, this road also extends to the ECR Link Road, which enables easy access to the East Coast Road. And well-developed social infrastructure has just reassured brighter real estate prospects for Medavakkam.
Avadi: Riding high on connectivity
Located in the western part of the city, Avadi has been tickling buyers’ fancies for its seamless connectivity and social infrastructure.
This is expected to create more than 10,000 jobs over the next five years in the IT and Biotech space, which is expected to catalyse the residential demand in Avadi.
Tambaram: Infra-upgrades driving realty market
Situated along the Chennai-Trichy Highway, Tambaram is one of the most prominent residential areas in the city. Easy accessibility to other parts of the city via the Mass Rapid Transit System (MRTS) and the presence of several multinational companies are the two major factors catalysing housing demand in the area. With the Tambaram Railway Station gearing up to become the third terminal (after Chennai Central and Egmore) of the Chennai Railway Division, the future potential of the area looks quite positive.
Porur: An area with a historical touch
Believed to have existed since ancient Pallava times, Porur has a historical appeal to it.
Strategically located on the Mount-Poonamallee Road, it is a prominent suburb known for its chemical industries and manufacturing plants.
With its inclusion in the city limits in 2011, Porur secured a place for itself in the Chennai’s realty map. And with the Porur Flyover thrown open to the public, the traffic situation in the area has also improved in the recent past.
Perumbakkam: Where affordability is still a reality
From a sleepy suburb to a real estate hotspot, the skyline of Perumbakkam has undergone a massive transformation over the last four years. And it broadly owes it to two factors: affordable property values and proximity to the IT/ITeS establishments along the OMR.
Realising the immense potential that the area holds, several realty giants have already started utilising the land parcels here. Hence, one can expect a plethora of options in a wide budget range when it comes to property buying.
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