Officially renamed Chennai in 1996 (formerly Madras), the capital of Tamil Nadu, attracts professionals and tourists alike. According to the census of 2011, with a population of 8.69 million (12 million estimated in 2021), Chennai is one of the most populous metropolitans in the country. Chennai’s infrastructure is ever-changing with an exponential increase in rail, metro, and road facilities that provide a sound commute system.
As Chennai is a centre for manufacturing, innovation, healthcare, and IT, it has gradually emerged as an excellent option for real estate business in South India. There has been a phenomenal increase in the demand for plotted development and plush complexes.
Popular Areas for Real Estate Investment
Old Mahabalipuram region is one such upcoming region for residential properties as it hosts several prominent IT hubs of Chennai. Also, the ongoing work of the Chennai Metro-Phase 2 is expected to facilitate and simplify commuting in a few years. Another area that is developing rapidly is Tambaram, situated along the Chennai-Trichy Highway.
Guduvancheri, a prominent location in southwest Chennai, houses many prominent schools, hospitals, MNCs, and IT parks. Also, various entertainment avenues are available, including malls, movie theatres, and amusement parks. Paranur, Maduranthakam, Singaperumal Koil, and Maraimalai Nagar are a few nearby real estate hotspots.
Plots in Guduvancheri, Chennai, are catching people’s attention, particularly of those who wish to invest in real estate. Whether it’s your holiday home or residence, Guduvancheri offers you everything on a platter. The unending rows of greenery fill you with serenity, and the availability of several amenities makes life hassle-free.
Top 5 Reasons for Real Estate Investments in Guduvancheri
Guduvancheri, a suburb in southern Chennai, has dramatically emerged as one of the prime areas for families, NRIs, and individuals looking to invest in plotted development. The enormous expanse and state-of-the-art facilities spell out comfort and luxury.
- Feel Connected to the Rest of Chennai
In Guduvancheri, connectivity is as smooth as water, enabling you to access the rest of Chennai easily. Located on National Highway 32, the Chennai International Airport (MAA) is a mere 40 minutes from Guduvancheri. Guduvancheri also boasts of a railway station, where local trains will ferry you to different parts of the city. The suburb connects prominent areas such as Grand Southern Trunk Road, Vandalur, and OMR. Another reason for the exponential increase in demand is the upcoming Urrapakkam Bus Terminus project that makes the region highly accessible, boosting convenience for people travelling to and from every direction.
- Education: An Array of Schools and Colleges
Before buying a piece of land or an apartment, many facets must be considered. One of them is the availability of schools and colleges in the area. In this aspect, too, Guduvancheri is an excellent place to consider for investment. Nearly all top educational institutes are within a distance of 15 km from the centre. Prominent schools like St. Joseph’s Matric. Hr. Sec. School and Elangkuil Play School and colleges like SRM Valliammai Engineering College and SRM Medical College are among many institutions that offer parents worthy options for their children’s education. This crucial factor supports the rise of this southern region as a hotspot for real estate investment.
- A Plethora of IT Parks and Global Corporations
The southern part of Chennai boasts excellent rail and road transport, making it a popular choice among local and global corporations for setting up operations in Chennai. Along with Bengaluru and Hyderabad, Chennai is considered the centre for innovation with the presence of global brands and companies. The manufacturing sector in Chennai has seen rapid growth over the years. Electronics, textiles, pharma, etc., are some industries that offer excellent employment opportunities, accelerating economic development in the region. Apart from other compelling reasons, the proximity to tech parks like International Tech Park Chennai, Estancia Signature Tower, and Mahindra World City and access to SIPCOT Industrial Park has led to an increased interest in real estate investment in Guduvancheri.
- Sound Healthcare
The recent pandemic and increasing health concerns among people of all ages make healthcare infrastructure a vital aspect to consider while purchasing a property. Real estate investment in Guduvancheri is a viable option for individuals and senior citizens. The access people get to qualified doctors at reputable hospitals, such as SRM General Hospital and SJS Clinic, offers people a sense of security should an emergency arise. This is another reason for the growing popularity of Guduvancheri as a prime residential area.
- Entertainment and Relaxation
Property owners will find excellent avenues for recreation and entertainment in this area. The presence of a zoological park, like the Arignar Anna Zoological Park, or the perfect spot for fun and frolic, like Kishkinta Amusement Park, near the suburban area are some of the attractions prompting a dramatic increase in the market valuation of plots in Guduvancheri, Chennai.
Highly successful projects offered by trusted builders like Purva Land in areas like Thirumazhisai and Kelambakkam have led to a surge in demand for residential properties in Chennai. These projects are a unique combination of aesthetics, opulence, and affordability.
Purva Land is continuously expanding its presence in various regions across Chennai. Plots in Guduvancheri, Chennai, are attracting millennials and Gen Z alike. Since an increasing number of people are opting for residences that give a sense of community and are pollution-free, Chennai is gradually becoming a preferred destination for long-term settlement.