Buoyed by the affordable property prices and the immediacy to various IT concerns and manufacturing hubs, the Chrompet is being highly chosen for the end use. Strategically situated on GST Road, the flats for sale in Chrompet Lakshmipuram turns out to be an ideal option for the purchasers and shareholders segment. This locality not only assuring for connectivity and infrastructure but have also recorded huge appreciation in property prices in Chrompet.
Through a host of optimistic factors such as enriched connectivity, nearness to MNC companies and infrastructure advancements this region is witnessing a vigorous growth in Chrompet real estate. The region is mostly enticing the demand from the IT employees working in the nearby IT Parks such as Mahindra World City, MEPZ, SRM Tech Park, Tidel Park, etc. Hence, real estate trends in Chrompet get improved due to these factors.
Rates and Trends in Chrompet:
There is an increasing property rates throughout the city. When comparing to the other regions in Chennai, the property prices in Chrompet are quiet low. Chrompet properties are starts from the price ranges of Rs 4500-5000 per sq. ft. The residential demand in the region came from the IT people working in and around OMR. In that, young IT employees are looking for 1BHK apartments for sale in Chrompet.
Among these people, some of them are wishing to stay at rental apartments. The rental values for 2 BHK is starting from Rs. 8,000 whereas it starts from Rs. 12000 per month for a 3BHK unit. Maximum demand arises for 2BHK flats for sale in Chrompet Lakshmipuram for both sale and rental. The cost of residential properties in this locality has observed some upswing and downswing in the last years. At present, the Chrompet residential property rate trends are valued at Rs. 4679 for a sq. ft.
Connectivity and Infrastructure:
Through its several key factors like immediacy to airport, well advanced modes of transport and availability of various educational institutes, Chrompet real estate evolves as a most sought after destination. Besides, being the hub of numerous industries and IT/ITES corporations, several working couples became residents of apartments for sale in Chrompet. Residential market in this region enhances the nearby regions like Tambaram, Pallavaram, Vandalur, etc. Similarly, there is an upsurge in buying apartments for sale in Tambaram.
Therefore, if you are an end user seeking to buy a home within your limited budget, Chrompet real estate would be a perfect option in terms of affordability and livability.
Rates and Trends in Chrompet:
There is an increasing property rates throughout the city. When comparing to the other regions in Chennai, the property prices in Chrompet are quiet low. Chrompet properties are starts from the price ranges of Rs 4500-5000 per sq. ft. The residential demand in the region came from the IT people working in and around OMR. In that, young IT employees are looking for 1BHK apartments for sale in Chrompet.
Among these people, some of them are wishing to stay at rental apartments. The rental values for 2 BHK is starting from Rs. 8,000 whereas it starts from Rs. 12000 per month for a 3BHK unit. Maximum demand arises for 2BHK flats for sale in Chrompet Lakshmipuram for both sale and rental. The cost of residential properties in this locality has observed some upswing and downswing in the last years. At present, the Chrompet residential property rate trends are valued at Rs. 4679 for a sq. ft.
Connectivity and Infrastructure:
Through its several key factors like immediacy to airport, well advanced modes of transport and availability of various educational institutes, Chrompet real estate evolves as a most sought after destination. Besides, being the hub of numerous industries and IT/ITES corporations, several working couples became residents of apartments for sale in Chrompet. Residential market in this region enhances the nearby regions like Tambaram, Pallavaram, Vandalur, etc. Similarly, there is an upsurge in buying apartments for sale in Tambaram.
Therefore, if you are an end user seeking to buy a home within your limited budget, Chrompet real estate would be a perfect option in terms of affordability and livability.