There has been a phenomenal growth in the real estate market in Chennai. The real estate crisis in India has not adversely affected the southern ends of India. These days a lot of people are interested in buying gated communities in Chennai. A lot of families are migrating here so as to make a career in the fast growing multinationals down south. This constant stream of new workforce has led to rising demands for property. Some prime locations are attracting a lot of eyeballs because of their affordable prices, and their proximity to the main markets. As the city is an ideal location for having a modern lifestyle in a cleaner environment, more and more people are now looking towards buying an apartment in Chennai.

The expansion of Chennai

Chennai is one of the major metropolitan cities in India. It is one of the key IT hubs of the nation and now it is expanding into its outskirts. The population of the city is rising, and this has led to increasing real estate in Chennai. The new projects that have been undertaken are keeping up with the modern yet minimalist trends that have become very popular in the recent times. They are equipped with amenities such as 24 hour water supply, power supply, security guards, elevators and CCTV cameras. They even provide a peaceful environment away from city. Buyers are discovering the benefits of the serene area combined with modern amenities, to set up their very own homes.

Prime locations for investing in gated communities in Chennai

1. One of the most sought after locations to invest in real estate in Chennai is, Guduvanchery. It is situated around the Grand Southern Trunk Road. There are a number of new apartments for sale in this part of Chennai.

2. This area is well maintained and has proper connectivity to the rest of the city via public transport.

3. The builders and the buyers consider it to be the most promising location for investment. The prices here are extremely affordable.

4. The popular gated community in Chennai, is in demand. It’s being put up on rent and sold to new and eager buyers, ever so often. There are several surrounding localities such as Anna Nagar, Villivakkam, Perambur, Kolathur and Madhavaram, are gaining popularity.

5. The sales of flats in Perumbakkam are also surging by the day, it’s one of the most talked about and preferred residential areas in Chennai.

6. Other locality where one can invest in the flats is Sholinganallur. This location is situated in the southern part of the city. This location is best for the IT professionals as it is located close to the various IT Companies. The prices here are a little on the higher side.