Chennai in 2023: Micro-Markets That Boomed

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Chennai is widely recognised as the Detroit of India as it is home to major automobile manufacturing units and other industries in and around the city. Not only is it a hub for various religious, social, economic, and educational centres, but it is also one of the fastest-growing real estate markets in South India.

Micro-markets have played a significant role in shaping Chennai's real estate scenario. In 2023, there is a notable surge in residential investments in areas like Avadi, Tambaram, Guduvanchery, and Thirumullaivoyal. These localities provide excellent infrastructure, convenient access to schools and hospitals, and a thriving rental market. For individuals seeking growth prospects, it would be beneficial to explore and buy residential plots for sale in these areas of Chennai as they offer promising returns for both homebuyers and investors. Today we look at some of the best places to invest in CMDA and DTCP-approved plots for sale in Chennai 2023.

Avadi

Avadi is a suburban area located in Chennai, within the Thiruvallur district of Tamil Nadu. The Avadi railway station is conveniently situated within the locality, ensuring excellent connectivity to Chennai. The area boasts a good amount of greenery, with many trees present and small parks scattered around. When it comes to dining options, Avadi offers a range of choices, from fast food joints to upscale fine dining establishments.

There are several prominent schools in the area, including VGN Chinmaya Vidyalaya School, Air Force School-Avadi, Kendriya Vidyalaya Avadi, and Nazareth Matriculation Higher Secondary School. In terms of healthcare, notable hospitals in Avadi include Sri Sudharsanam Hospital, K.C. Multispeciality Hospital, and Sir Ivan Stedeford Hospital. When searching for low cost plots in Chennai, then Avadi is the most preferred location for today’s investors and homebuyers.

Tambaram

Tambaram, a residential neighbourhood in Southern Chennai, is situated adjacent to the Chennai-Trichy Highway. Availability of low budget land for sale in this part of Chennai drives the residential demand in Tambaram. Madras Export Processing Zone (MEPZ) is approximately 7 kilometres away from Tambaram. MEPZ houses well-established companies such as Cognizant, Computer Sciences Corporation, CSS, and HTC Global Services. Within a distance of 15-20 kilometres, there are prominent IT hubs like MPL Silicon Towers, Tek Meadows, Olympia Technology Park, Taramani Tech Park, TECCI Park, and International Tech Park.

Thirumullaivoyal

Thirumullaivoyal is an up-and-coming residential area located in the western region of Chennai. It is surrounded by popular regions such as Ambattur, Avadi, Anna Nagar, SVT Nagar, and SS Nagar. The locality benefits from the presence of Chennai Anantapur Highway, which provides excellent connectivity to various significant parts of the city. For an enjoyable shopping experience, residents of Thirumullaivoyal have easy access to shopping destinations like Forum Vijaya Mall, Express Avenue, Spencer Plaza Mall, and Phoenix Marketcity, all within a distance of approximately 26 kilometres.

Guduvanchery

Guduvanchery is a scenic locality surrounded by lush greenery and serene lakes. It is in close proximity to emerging neighbourhoods like Vandalur, Urapakkam, Adhanur, and Potheri. The availability of low budgeted land for sale in Chennai, convenient connectivity through GST Road, and accessibility to SIPCOT and other SEZs and integrated developments have contributed to the growth and development of Guduvanchery.

Despite being on the outskirts of Chennai, Guduvanchery has a well-developed social infrastructure, with the presence of renowned educational institutions such as Guduvanchery Boys Higher Secondary School, Saint Mary's Matriculation School, and SRM School of Hotel Management. The locality is also equipped with reliable medical facilities including Christudas Hospital and K.R. Hospital.

Having a clear understanding of these locations can help you in making a viable investment and bring you to the top plot developers in Chennai like OmShakthy. The developer is well-known for providing affordable residential plots for sale in Chennai. Usually plot rates in Chennai can vary depending on the neighbourhood and other distinct qualities including amenities, demand-supply dynamics, location and infrastructural development. However, with OmShakthy you can be assured about getting the best value for your plot investment in Chennai.