Buying 4 BHK Flats in Chennai at Prime Location is an Attractive Investment Choice
There are many prime locations in Chennai city, and few of them would be Pallavaram, Chrompet and Tambaram areas. These localities are some among the top developing areas of Chennai in terms of 4 bhk flats for sale in Chennai. As it is very nearby to key areas such as Perungalathur, Sanatorium, Velachery, Medavakkam and Meenambakkam. The increase of social infrastructures in these areas, and has the advantage of wide GST roads that provides connectivity to many important areas of Chennai. Moreover, in these localities, buying a 4 bhk flats in Chennai is an attractive investment choice, as it has excellent connectivity to IT corridors, shopping malls and Chennai city airport. Alongside, it has many affordable housing accommodations with the increasing support of infrastructure developments.
These prime locations are set to witness significant price appreciation currently on 4 bhk flats for sale in Chennai within a few years. With the proposal of metro rail in the future at Chennai Center, the areas are likely to have a push in real estate overgrowth. In addition, the support of real estate drivers such as, planned infrastructure development, availability of modern office spaces, plots, and access to many top social infrastructures.These prime locations have plenty of investment options in the residential sector, primarily from row houses to 4 bhk flats in Chennai. As many prominent real estate developers contribute to supply. In investment point of view, there are less amount of retail and commercial options are available. Still, there are ample options for investment in the region for the future development.
How 4 BHK Flats for Sale in Chennai Has the Potential for Capital Value Appreciation
As the capital values in these prime areas, 4 bhk flats in Chennai for sale have witnessed increased growth over few years of time, and is now between Rs 3,000 per square feet and Rs 4,000 per square feet that depends on the location. With the infrastructure development promoted by the authority, the capital value appreciation is likely to continue. With more companies becoming operational in the Mepz Sez, perungalathur, TaramaniSez and the IT hubs, the rental demand for Chennai 4 bedroom flats in this prime locality is high. The rentals in the real estate market vary from Rs. 10,000 to 15,000 for a 3 BHK flats and Rs 20,000 to Rs 25,000 for a 4 bhk flats in Chennai. Still, the rental demand is likely to continue for the next few years.
The Demand for 4 BHK Flats In Chennai For Sale
As the city is in the growing stage, the demand for affordable 4 bhk flats in Chennai is expected to pick up. The retail investors looking at capital appreciation should also consider showing investment interest in the residential segment as a first choice. As there are few, residential projects with attractive investment valuations that one can look for. Moreover, the social infrastructure development of these prime regions are adequate level, with many business hotels, international schools, multi-Specialty hospitals and numerous employment opportunities in the city. With the increase of capital value appreciation at a steady rate, these prime regions of the city have already become a preferred investment hub for 4 bhk flats for sale in Chennai. The property Investors should take a middle term to long-term perspective with a minimum growth time of at least a few years.