Buying plots has become increasingly popular as an investment option among NRIs and young professionals. With a reputation for delivering safe returns, real estate stands out as one of the few assets that has experienced significant capital appreciation over the past 15-20 years. Similarly, investing in plotted projects can offer an alternative investment avenue and serve as an excellent means of securing your family’s future. 

Investing in plots instead of real estate may prove to be a wise decision, even for first-time buyers. Chennai’s real estate market presents a myriad of opportunities and considerations for potential land buyers. Whether for investment, development, or personal use, understanding the critical factors that influence the decision-making process is paramount. 

Factors to Consider Before Investing in Plots in Chennai

Here are some factors to consider before investing your hard-earned money in a plotted project in Chennai. 

  • Present Land Prices of Chennai: The ever-appreciating prices of land have made Chennai a great option for real estate investment. As the demand continues to grow, buying plots now might help you earn considerable profit in the future. Hence, you must consider the real estate outlook before buying land.
  • Positive Reforms and Policies: The positive reforms and policies of the state government aim to streamline and create a favourable environment for investment. Moreover, with infrastructure development, prices of land in Chennai are set to increase in the near future. Analyse the regulations applicable to the plot and work out a plan that suits your needs.
  • Thriving Localities of Chennai: Plotted communities in the posh localities of South Chennai, namely, Guduvancheri, Pallikaranai, Sriperumbudur, and Sunguvarchatram are witnessing a remarkable boom in their prices due to their strategic location and proximity to other prominent places. Consider the growth prospects of the area in which you plan to invest. 
  • High-Quality Infrastructure: With well-connected roads, a good public transportation system, highways, and ideal amenities for maintaining a modern lifestyle, plotted developments in Chennai are witnessing a sharp rise in demand. Hence, infrastructural development plays a vital role in decision-making.
  • Legal Formalities: Make sure that the legal due diligence is completed well before finalising land deals. Verification of property documents, acquiring clear titles, ensuring compliance with local regulations, and verifying the absence of legal disputes are crucial factors to consider before entering into a purchase agreement. 
  • Potential For Future Growth: It is imperative to assess the potential for growth in land price and demand for the land before making an investment. Factors such as proposed infrastructure development projects, commercial developments, and employment opportunities in the surroundings can contribute to price appreciation over time.

Real Estate in Chennai 

As the economy of Chennai gets more diversified, the real estate market, too, is seeing a boom with potential for higher returns. Plots in the top areas of Chennai are strategically located and are available in almost all price ranges. While due diligence is always recommended, it is safe to say that these properties comply with real estate regulations and have the necessary approvals from the government. Due to its proximity to the stunning coastline, natural outdoors, and bustling business areas, the new southern neighbourhood of Chennai is becoming the most sought-after locality to invest in. 

From posh localities like Adyar, Velachery Kotturpuram, Thiruvanmiyur, Besant Nagar, or Guindy in the South to mid-segment areas like Tambaram, Vandaloor, Alandur or Mylapore, KK Nagar, and Saidapet, property selections abound with great real estate potential. 

Purva, a trusted choice in the real estate field, has already launched projects in the bustling areas of Guindy, Pallikaranai, Thoraipakkam and Thirupathi Nagar. With faster development of infrastructure and alluring business opportunities, the real estate prices of lands in Southern suburbs like Velachery, OMR, Tambaram, Meenambakkam, Porur, Kelabakkam, Urapakkam, Vandalur and Guduvancheri are expected to reach to greater heights. 

Strategically located and enhanced with top-notch amenities, Purva Land offers themed plotted projects that cater to your modern lifestyle needs and suit your budget. Located on Thiruvallur Tirupathi highway, Thirumazhisai, Purva Raagam is an affordable music-inspired plotted development that offers a great chance to make a lucrative investment. These green, spacious plots are suitable for your present and future real estate plans. It is ideal to invest in these premium plots to experience a pleasant living atmosphere with the added advantages of future growth prospects and appreciating land prices.  

For selecting existing plots for commercial and residential use in Chennai, visit Purva Land for the best deals. 

 

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