Top Localities to Buy Affordable Houses in Chennai 2021

Pavithra S 5 months ago

The cultural capital of South India, Chennai, is the key real estate market due to its rich heritage, robust infrastructure and seamless connectivity facilities, academic opportunities, and bustling industrial and commercial developments. The city offers a myriad of residential options for homebuyers at affordable prices. As the city slowly emerges from the Coronavirus lockdown in phases, the homebuyers seek to buy affordable houses in Chennai.

So, if you plan to buy a residential property in Chennai post-pandemic, here are some top localities to buy affordable houses.


OMR

The Old Mahabalipuram Road (OMR) is the major IT Hotspot of Chennai, with excellent infrastructure and connectivity facilities. Otherwise called Rajiv Gandhi Salai, it’s a major road that links Chennai with Mahabalipuram, the tremendous monumental tourist destination. The locality hosts various reputed IT parks, multinational companies, and prominent educational institutions. Besides the infrastructural developments, OMR offers smooth connectivity with various parts of the city and proximity to employment hubs. The upcoming phase-2 metro rail and a 4-lane elevated road add to its real estate value. The area has a wide range of affordable residential properties catering to the home seekers’ requirements. The cost of residential properties ranges between Rs.3500 & Rs.5900 per sq. ft. approximately.

Thoraipakkam

Bang on the OMR, Thoraipakkam is another most sought-after and promising residential locality of Chennai. Its proximity to the renowned IT/ITES companies and the industrial zone of Chennai is the primary reason behind its growth stimulator. Some of the significant areas that surround this locality.Pallikaranai, Medavakkam, Madipakkam, Velachery, Perumbakkam, and Palavakkam. Thoraipakkam provides various residential properties like affordable plots, multi-story apartments, individual houses, or villas at reasonable prices. The region offers excellent connectivity to IT parks with seamless road and rail transportation networks. The average price of properties ranges from Rs.4500 to Rs.8000 per sq. ft. approximately.

GST- Perungalathur

The Grand Southern Trunk Road (GST) is a strategic road that links Perungalathur and Chengalpattu with the Chennai Airport. The road elongating between Cooum Creek and Kathipara Junction is rapidly developing with major infrastructural activities. Perungalathur in south Chennai is promising with seamless bus connectivity to various cities and states. The GST-Perungalathur and Chengalpattu elongation has famous healthcare centers and many reputed educational institutions that boost its real estate growth. The approximate value of real estate properties ranges from Rs.3500-Rs.5400 per sq. ft.

Central Chennai

Central Chennai, comprising well-established areas such as Ambattur, Anna Nagar, Kodambakkam, and Teynambakkam, has many residential properties, apartments, and independent houses that attract home buyers. The region is surrounded by the most renowned Tidal Park, IT tech parks, DLF IT Park, Ambattur Industrial Estate, Chennai One IT SEZ, and others. Excellent road and rail connectivity and proximity to prominent educational institutions boost this region’s real estate growth. The approximate value of real estate properties ranges between Rs.6000 & 10000 per sq. ft.

Apart from the above areas, other prominent localities that offer affordable properties include Avadi, Perambur, Manapakkam, Porur, East Coast Road, Velachery, Kolathur, Guduvanchery, Mannivakkam, Vandalur, etc. If you are looking for affordable residential properties in Chennai, sign up with sulekha.com.

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