Where to Invest in Chennai?
Once decided to invest in property, the question most buyers ask to themselves is where to invest in the city? At present, south Chennai has become the destination for investment. Let’s look below to know the important features of Chembarambakkam.
Location: Chembarambakkam
Where: South-west of the city on the Chennai-Bengaluru Highway
Reason for promise: Road development such as NH4 and Outer Ring Road
Chembarambakkam lying in the South-West of Chennai is in close vicinity from Poonamallee and Kuthambakkam. The key point to the growth of this location is that the national highway 44 which became a part of Golden Quadrilateral because it gives excellent connectivity to Tambaram and surrounding locality through Tambaram-Manali Bypass Road. Additionally, the recently completed phase-1 of ORR connecting Vandalur to Nemilichery has further added popularity to chembarambakkam. In addition, phase-2 is also started its construction work adding benefit to this locality. When it is ORR, we can find Amarprakash projects like The Royal Castle and Palm Riviera near the stretch. Reviews on Amarprakash builders stated that once both phases of ORR come into operation, connectivity won’t be a problem for the residents around the area.
ORR is the key reason for the development of Chembarambakkam. Today, more than 10 residential projects are under-construction. As we know, infrastructure development is also another reason for such growth. The apartments are selling at a cost of Rs.3600 to Rs.4800 per sq.ft which is quite affordable. Though, when compared to OMR and ECR, township projects can be less seen here, the recent 10 residential projects are all township projects to match the supply of homes with the demand. Some new builders have also laid her foundation in this area because the land cost is quite cheaper here than other places. For instance, Godrej, one of the reliable builder has started its project construction here and it’s the first ever project in Chennai.
The developers believe that the locality will develop at least due to growth of Chennai-Bengaluru highway. Let us share some of the developmental plans. Launch of dry port, 4-lane road from Hoskote to Dobbaspet, Mulbagal to Renigunta, Chennai-Bengaluru highway development, Greenfield Airport at Sriperumbudur and high-speed freight corridor are all influencing the decision. In future, there is also plan for the launch of new industrial corridor. These things are not at a long way to go, it is placed just at a short distance. That means, bus connectivity is already effective along with reputed educational institutions, clinics, restaurants, famous temple and lots more. Still what the government has to do is to lay proper roads by removing the present road. Develop water and sewage lines which is completely lacking in the area. Still Chembarambakkam growth is just away from short distance.