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Friday 27 December 2013

What are the Benefits of Investing in Chennai’s Suburbs?

Lack of land availability within Chennai’s Central Business District (CBD) has influenced the utilization of land in the suburban regions of the city for residential and commercial real estate development. Plot for sale in Chennai have therefore moved from the CBD to off-CBD regions of the city. A healthy balance in development of different regions has contributed to Chennai’s economy. Also, these are the regions that facilitate numerous advantages for the average real estate investor. These include the following.
  1. Space, space and more space. On an average, apartments for sale in Chennai in the suburbs are 2BHK flats with over 1200 sq.ft area. On the contrary, apartments within the CBD are often more cramped.
  2.  Less investing price and huge returns. While properties in the CBD will undoubtedly give you exponential rates of return on what you invest, the investment price is going to be ridiculously high. But micro-markets of Sriperumbudur and Oragadam are relatively more affordable and also promise to give you exceptional returns.
  3. Great infrastructural development. The micro-markets and suburban regions form the new city simply because infrastructural growth is fairly new and advanced. Plus connectivity to the city and other adjoining cities and states make them prime locations.
Investing in Chennai Suburbs
 Those who possess land for sale in Chennai especially in the suburban markets are possibly sitting on huge amounts today. They may have invested in a very small amount several years ago but today these areas are striking gold.