Description
Chennai has expanded far & wide with new land additions.
An investor should be very careful in making investments in the lands.
The focus on long-term yields while investing in Real Estate very essential.
The condition of the market & demands plays a significant role in the real estate business.
The return on investment is a major factor in determining the profitability of real estate investment.
Generally, the return on investment is very high in commercial properties.
If we are very particular about stable income, then rental properties are highly profitable.
proper care has to be taken to avoid wrong investments
Families prefer the proximity to schools, Colleges, essentials & also nearby leisure facilities.
The working category prefers the proximity to workplaces & connectivity, mobility & transport facilities.
The location should have growth potential of solid infrastructure with proper backup of planned improvements.
The location should be ideal for healthy local businesses & should cater to the need of high educational facilities.
The location should have good public transportation systems.
The location should have clearly marked access to public streets/roads/pathways.
If the location is situated with a front directly on the street/road, it’s better.
The rapidly developing infrastructure, robust connectivity, and the growth of IT/ITes establishment are highly appreciable.
The money matters the most. The property’s true value is the intrinsic value.
The yield & growth potential determines the true value of a property.
A good deal is a deal where the purchase price is lesser than the property’s intrinsic value.
There is no doubt that flawless properties are always good.
Better to prefer several industries of different nature ( Multiple industries ).
It is always good to prefer the property in regions that have several types of industries.
Because each type of industry has a good boom period as well as less boom period which will affect the rent structure.
People who can afford high rent at the boom period can not afford the same during the dull period.
It makes the renters to reduce the rent and sometimes get into mortgages problem.
But at the same time, we can accept small flaws to garner high-level profit in the future.
The care should be taken to see that the small flaws must be a fairly quick fix.
The flaws must require very less quick fix time consuming with less money expenditure.
It is a good way to quickly fix & makes less attractive to be more attractive & improve the property value.
The normal tendency of investment is to rent out the property quickly.
Sometimes the flaws might take too much of work with heavy expenses to fix the flaws.
The more the time we spend without a tenet in our property costing us more money without generating any return
Looking to the long-term features over the short-term trendy ones is a must for the best investment.
The new trends always affect the property market regularly.
The trends which are popular today may not be so popular tomorrow.
Always look for properties that stand out on their own merits.
For example ..sizeable bedrooms don’t go out of fashion.l
Located very near to the IT corridor of OMR as well as the Automotive manufacturing region ( GST road ).
The employment hubs like Velacherry, Medavakkam, Karapakkam, and Perungudi are very close to this area.
Excellent connectivity with other parts of Chennai and move in and out of the city. ( Pallavaram – Thuraipakkam main road, Velacherry main road and Inner ring road, Near to Guindy and Chrompet bus stands, Tambaram & Guindy Railway stations are just 15 k.m away, Alandur & St.Thomas metro stations are very near and the International Airport is just 12 k.m away, the proposed extension of the Pallavaram – Thoraipakkam road up to ECR and the Metro corridor along OMR – Medavakkam )
Well-managed Civic Infrastructure
Popular hospitals like Dr.Kamakshi memorial hospital and V-Care hospitals are located in this area.
Well-regarded educational institutions like Narayana Vidyashram, Vrithi Montessori, and Vels institute of technology are present in this area.
This area got excellent established retail showrooms
Several infrastructure projects are in the pipeline in the adjoining areas.
Birds migrate here throughout the year from all across India and other nations, making it one of Chennai’s last remaining wetland Eco-systems.
Cater to both the affordable as well as luxury segments’ housing requirements.
The current property price range is Rs. 3,800 – Rs.7,500 per Sq.ft.
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