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Top Localities in Chennai for Investment to Grow in 2023

Chennai, the capital of Tamil Nadu, is a well-known city in the southern part of India. The city generally experiences pleasant weather throughout the year, except for a few months during the summer. Chennai boasts the longest urban beach in the country and is a popular destination for IT professionals, thanks to its proximity to Tidel Park, the largest IT park in Asia.
When considering the best real estate investment in Chennai, it's important to take into account factors such as water supply, sanitation, and municipal amenities when choosing a neighbourhood. Chennai's status as an industrial hub and its rapidly expanding metro make it a viable option for real estate investment. If you're looking to make an investment in land in Chennai, it's worth considering these areas.

Avadi

Avadi, formerly home to defence and manufacturing facilities, has expanded to include the IT industry, strong healthcare services, and reputable educational institutions. Located 23 kilometres from Chennai, it offers plentiful employment opportunities, making it the best place to invest in real estate in Chennai. If you are searching for CDMA and DTCP plots for sale in Avadi then you can easily find Canopus Mithila - a gated community of premium plots well constructed by Omshakthy.

Avadi is well-linked to various well-developed neighbourhoods and provides easy access to the railway station, bus stands, IT parks, schools, and hospitals. Nehru Bazaar stands out as a famed landmark in Avadi and is recognised as the largest market in the area.

Ambattur

Situated on the western side of Chennai, Ambattur is an ideal destination for individuals seeking the best place to invest in real estate in Chennai. The area benefits from convenient connectivity options for daily commuters, facilitated by Ambattur Railway Station, Chennai Tiruvallur High Road, and Chennai Bypass Road. Ambattur is intersected by several significant roads including the Chennai Bypass Expressway, the Chennai Tiruvallur High Road, the Redhills Road, and the Chennai-Kolkata Highway.
Near Ambattur, you'll find prominent localities such as Anna Nagar, Padi, and Avadi. It serves as a significant IT hub, attracting esteemed companies like TCS, Dell, Perot Systems, and Polaris, resulting in a notable influx of working professionals from other areas. This surge in the working population has generated increased demand for residential apartments in Ambattur. Recently, Ambattur has been incorporated into the Chennai city corporation, with plans in place for various infrastructure projects. The area has seen an upgradation in civic amenities. The growth of the industrial and IT sectors has also spurred development in the retail and hospitality sectors.

Encumbrance Certificate

An Encumbrance certificate is a major document as it contains references to any legal charges or liabilities, such as loan defaults, associated with the property. This makes it a necessary document when considering investment in CMDA approved plots in Chennai. The EC certificate provides information about the property's clear title, making it imperative to check before purchasing property in Chennai to avoid potential legal and financial liabilities later on.

Poonamallee

Poonamallee is a developing locality that provides residential apartments, plots, and villas within the mid-income budget range. Its residents benefit from excellent road connectivity through Trunk Road, Poonamallee Bypass Road, and Chennai Outer Ring Road. The area is also home to outstanding educational institutions such as Alpha College of Engineering, RISHS International, and Narayana E- Techno schools. Additionally, well-regarded hospitals like Mahalakshmi Multispeciality and Apollo are situated approximately 5-10 kilometres from Poonamallee.

Mount Poonamallee Road hosts numerous IT/ITes companies, providing abundant employment prospects in the vicinity. The presence of prominent employment centres and extensive road connectivity are key factors contributing to the high demand for rentals in this area. Both home buyers and investors stand to benefit from acquiring properties such as plots and apartments in Poonamallee as it presents a promising and profitable option.

Guduvanchery

Surrounded by several water bodies, Guduvanchery has evolved from being just another peripheral locality of Chennai to one with significant potential. The presence of numerous lakes and parks like Nandivaram Lake, Thaangal Eari Lake, Rajiv Gandhi Nagar Lake, Thiruvalluvar Park, and Potheri Park sets Guduvanchery apart from the otherwise bustling and crowded neighbourhoods of Chennai, creating a tranquil and serene atmosphere.
Guduvanchery is considered one of the emerging smart cities, offering excellent housing opportunities for prospective home buyers. As infrastructure and industry continue to develop, the value of residential plots in Guduvanchery is expected to double within a few years, making it an attractive choice for the best real estate investment in Chennai.
These trending localities for land investment in Chennai are well-established, providing excellent connectivity and offering comfortable residential options. With the increasing presence of IT companies in the city, living in an area with strong connectivity and a high quality of life is advantageous for you and your family. If you're considering purchasing plots for sale in Avadi, Guduvanchery, Ambattur, etc., in Chennai, Omshakthy can assist you. Reach out to us to know the various ways in which we can meet your housing requirements.