More than 80 % of property buyers in Chennai wish to purchasing property proximate to the IT corridors of the city especially they would like to buy apartments for sale in Vandalur in order to gain huge returns on investment. Chennai shows a new pace of growth in Vandalur to Kelambakkam even though there is an increase in property rates in Vandalur the suburb is remaining to be the favored destination for purchasing and selling properties for the past 2 years.
This in turn improves the property prices in Vandalur-Kelambakkam Road. According to the Prop Index report, for the period of Jan-Mar 2014 region has bagged the leading place of most chosen area. Due to these features many people are investing in Vandalur Kelambakkam Road real estate. Vandalur forms the intersection of the Vandalur-Kelambakkam Road, joining the GST with OMR. It brags more number of Vandalur Kelambakkam Road flats. The Outer Ring Road (Vandalur - Minjur) is a most important transportation corridor being established together with the boundary of Chennai Municipal Region by the CMDA. Property prices in Vandalur-Kelambakkam Road are increasing rapidly this is mainly due to the impact of great infrastructure in the suburb.
Availability of more number of residential options, low capital rate vicinity to the IT hubs and manufacturing industries in Oragadam, Sriperumpudhur, etc. drives the people to invest in Vandalur Kelambakkam Road real estate. The people who are working in the MNC companies in OMR and manufacturing centers in Tambaram are the foremost dwellers of Vandalur Kelambakkam Road flats. One such outskirt which is in its major growth presently is the Vandalur- Kelambakkam stretch that is expected to have a most significant expansion of setup and civic features. These features made the improvement in apartments in Chrompet for sale. This is why because purchasers and investors have the mindset to attain the easy connectivity from this stretch.
For the past 12 months, the property rates in Vandalur have observed a price appreciation of 12 % yearly. The real estate trends in this region are showing upward and downward swing over the years. At present, the property prices in Vandalur-Kelambakkam Road are appreciated to Rs. 3475 per sq. ft. While the rental rates for 2 BHK apartments are ranging from 5,000 – 7,000 per month. The high capital and rental property rates in Vandalur are differs from one builder to another builders. Fortified by the continuous demand for the residential property in this area, builders are planning to offer apartments for sale in Vandalur enclosed by the residential township.
Availability of more number of residential options, low capital rate vicinity to the IT hubs and manufacturing industries in Oragadam, Sriperumpudhur, etc. drives the people to invest in Vandalur Kelambakkam Road real estate. The people who are working in the MNC companies in OMR and manufacturing centers in Tambaram are the foremost dwellers of Vandalur Kelambakkam Road flats. One such outskirt which is in its major growth presently is the Vandalur- Kelambakkam stretch that is expected to have a most significant expansion of setup and civic features. These features made the improvement in apartments in Chrompet for sale. This is why because purchasers and investors have the mindset to attain the easy connectivity from this stretch.
For the past 12 months, the property rates in Vandalur have observed a price appreciation of 12 % yearly. The real estate trends in this region are showing upward and downward swing over the years. At present, the property prices in Vandalur-Kelambakkam Road are appreciated to Rs. 3475 per sq. ft. While the rental rates for 2 BHK apartments are ranging from 5,000 – 7,000 per month. The high capital and rental property rates in Vandalur are differs from one builder to another builders. Fortified by the continuous demand for the residential property in this area, builders are planning to offer apartments for sale in Vandalur enclosed by the residential township.