Top Emerging Residential Localities in Chennai for Investment

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Real Estate Market in Chennai

Chennai is one of the most promising destinations for real estate investment. In recent years, its swift development has been accelerated by the presence of various industrial hubs and IT parks. Owing to the availability of numerous job opportunities, the real estate demand in Chennai is significantly high. In addition to this, the real estate market in Chennai also offers higher returns on investment (ROI) and better rental yields, attracting homebuyers and investors. In terms of residential housing, Chennai offers a wide range of options, like multi-story apartments, independent homes, luxury villas, and affordable plots.

Factors to Consider While Investing in Real Estate in Chennai

If you are looking to invest in residential real estate in Chennai there are certain significant factors that should be taken into consideration. Some of them are infrastructural growth and development, connectivity, emerging employment opportunities, presence of educational institutes and healthcare facilities, price trends, demand and supply, market value,  future growth, rental yields, and property value appreciation.

Top 10 Fastest Growing Residential Areas in Chennai for Investment

For those looking to invest in residential properties, identifying localities with promising returns is crucial. In this blog, we will explore the top 10 emerging residential localities in Chennai that have shown remarkable property value appreciation over the years.

Locality	Average Price  Per Sq Ft	Property value appreciation (in %)
		Last Year	In 3 Years	In 5 Years	In 7 Years	In 9 Years
Avadi	3,500 INR	7.02	17.27	17.27	19.73	22.95
Porur	6,000 INR	5.22	25.16	17.76	23.53	19.83
Pallavaram	5,500 INR	5	19.84	26.93	34.64	36.93
Guduvancheri	4,500 INR	5.9	13.89	16.81	19.84	19.84
Korattur	6,500 INR	7.14	29.24	27.55	25.88	21.12
Pammal	5,000 INR	4.55	19.87	25.35	32.38	32.38
Ambattur	5,500 INR	1.82	16.62	22.51	32.1	33.34
Oragadam	5,000 INR	5.6	15.27	7.88	28.99	29.85
Poonamallee	6,000 INR	3.43	21.61	24.11	29.16	19.95
Tambaram	5,000 INR	9	10.71	42.24	40.93	38.68

1. Avadi

Avadi, one of the growing hubs for real estate investment in Chennai, is situated in the western region. It is well-known for its blend of residential developments and industrial establishments. Avadi is increasingly becoming a favored choice for investors due to its affordable pricing and steady appreciation rates. Its strategic positioning offers excellent connectivity to other significant parts of the city. Apart from this, its close proximity to major defense establishments and IT hubs makes it an ideal choice for homebuyers and investors. When compared to other parts of the city, Avadi offers affordable residential housing options, including apartments, gated community villas, and individual plots catering to the needs and budget of every individual buyer.

2. Porur

Porur is not just a residential area but a booming commercial hub, which has led to a surge in demand for housing. It is home to various renowned IT and ITeS hubs, offering a wide range of employment opportunities to its residents. It is also situated in closer proximity to various prominent educational institutes and healthcare facilities. Its robust infrastructure and connectivity are key factors driving property values. Porur also offers easy access to key destinations in Chennai, like Velachery, Koyambedu, and Anna Nagar. The upcoming Chennai Metro Phase 2 Orange Line connecting Lighthouse and Poonamallee Bypass will enhance the overall infrastructure of Porur, attracting more residents.

3. Pallavaram

Pallavaram is one of the rapidly developing residential localities in Chennai, situated in the south-west region. It is strategically located along the Old Mahabalipuram Road. Pallavaram offers an array of residential housing options, like builder-floors, budget-friendly villas, ready-to-move apartments, and affordable residential plots. Known for its serene environment and close vicinity to the Chennai International Airport, Pallavaram is an attractive locality for both end-users and investors. The presence of various IT firms also boosts rental growth as well as property value. The uninhibited water supply is also a predominant factor in attracting homebuyers and investors.

4. Guduvanchery

Guduvanchery offers a blend of affordable urban living with a touch of nature, making it ideal for those who prefer a balanced lifestyle. Its affordability makes it particularly appealing to the middle-income group. Its rapid expansion of infrastructure and strategic location in the southern regions are predominant factors facilitating positive growth in real estate. It is home to various IT parks, prominent schools, reputed hospitals, and more. In recent days, plots in Guduvanchery have gained the attention of real estate investors due to its affordability. Owing to this demand, Guduvancheri presents lucrative opportunities for homebuyers and investors looking to invest in real estate in Chennai.

5. Korattur

Korattur’s rapid growth in infrastructure and connectivity, coupled with a high rate of appreciation, positions it as a premium locality for investment. It has excellent connectivity to key areas in Chennai like Kolathur, Anna Nagar, and Padi via road and rail transportation. It also encompasses all the essential amenities like educational institutes, health care, banks, shopping, and entertainment. Korattur offers a wide range of residential developments with modern infrastructure, promising a comfortable lifestyle. Some of the residential housing options to look out for in Korattur are affordable apartments, newly-constructed villas, and budget-friendly plots.

6. Pammal

Pammal is a rapidly emerging real estate destination in Chennai for investments. With its promising infrastructure and development, it offers homebuyers a comfortable lifestyle. It is located along the Grand Southern Trunk Road, adjacent to Pallavaram. The surge in residential developments in Pammal is significantly due to the well-developed infrastructure, like improved drainage systems, growing utility services, and well-maintained roads. With all these factors, Pammal presents a compelling environment ideal for families looking to purchase residential housing. Some of the popular residential options in Pammal are independent houses and affordable plots. In addition to this, there is also an emergence of high-rise apartments and luxury villas in this locality, attracting more residents.

7. Ambattur

Ambattur is one of the more affordable localities in Chennai, offering a unique blend of old-world charm and modern amenities. It stands out as a convenient location for leisure and work, as it has excellent connectivity to other parts of the city. It also has all the basic amenities like educational institutes, hospitals, and others within the belt. Due to its thriving economy, Ambattur also offers a wide range of job opportunities for skilled professionals, making it the perfect choice for real estate investment. Ambattur offers residential housing at an affordable price. It encompasses a wide range of spacious apartments, cozy villas, and ready-to-buy plots within the price range.

8. Oragadam

Oragadam, situated in the southwest regions of Chennai, has evolved into one of the highly-preferred residential localities in Chennai. Though it is prominently known for its industrial development and commercial activities, the significant growth in the infrastructure has attracted residents from across the city. The presence of a wide range of industries and IT companies in this area presents a wide range of employment opportunities, which in turn impacts the real estate demand in this neighborhood. It also has impeccable connectivity to other parts of the city. Some of the residential housing options in Oragadam include affordable plots and independent luxury villas.

9. Poonamallee

Poonamallee is one of the premier residential localities situated in the western region of Chennai. It has seamless connectivity to key neighborhoods in Chennai like Ambattur, Guindy, KK Nagar, and Avadi. There are a wide range of employment hubs near Poonamallee with extensive career opportunities. As a result of the upcoming infrastructural development plans, real estate demand in this locality is surging. With better property value appreciation and rental yields, Poonamallee has a wide range of residential properties, from high-rise affordable flats to independent villas.

10. Tambaram

Tambaram, a dynamic neighborhood in southern Chennai, is one of the key points for commuting. Real estate developers and homebuyers opt to invest in Tambaram owing to its excellent connectivity via an extensive road and rail network. It is also located in closer proximity to various IT parks, encouraging homebuyers and investors to purchase properties in Tambaram. Its robust infrastructural growth and development also contribute to the growing demand for real estate in this locality. Homebuyers and investors can choose from a variety of options, like CODA-approved plots, ready-to-move apartments, and spacious villas.

When considering property investments in Chennai, these localities offer a mix of high appreciation potential and lifestyle benefits. At RoofandFloor, we provide verified listings and tailored recommendations to help you find your perfect home effortlessly. Dive into the real estate market with confidence, backed by our transparent and trustworthy services.

Frequently Asked Questions

1.What are the posh localities in Chennai ideal for investment?

The top 5 posh localities in Chennai ideal for real estate investment are Adyar, Besant Nagar, Nungambakkam, Poes Garden, and Anna Nagar.

2.In Chennai, which residential area has the highest guideline value?

Some of the top residential localities in Chennai with the highest guideline values are Pallikaranai, Velachery, and Boat Club. To know the values more preciously, visit government websites. Visit: https://tnreginet.gov.in/portal/

3.Which is the cheapest residential area in Chennai to live in?

The cheapest residential areas in Chennai are Medavakkam, Avadi, Annanur, Selaiyur, and Vanagaram.

4.Which are the most developed areas in Chennai?

Some of the most developed areas in Chennai ideal for real estate investment are Velachery, Adyar, Mylapore, Besant Nagar, and Nungambakkam.

5.Which residential areas in Chennai are not affected by flooding?

Some of the residential localities in Chennai that are not affected by floods are Guindy, KK Nagar, Puzhuthivakkam, Ramapuram, and Ekkattuthangal.