Top 7 reasons to buy your plots in Chennai
October 21, 2022
Admin
Top 7 reasons to buy your plots in Chennai
You may think to buy a plot or a home in Chennai but you are unsure if you want to buy it. Chennai, an amalgam of western and traditional culture, is known as the cultural capital of south India. Being the fifth largest city in the country it is home to new ideas and innovations. The city is often defined as the gateway of south India due to its varied culture, dainty delicacies, and quintessential infrastructure. It is a center of educational and employment opportunities.
The city never fails to mesmerize the locals and the outsiders too. Chennai was named the ninth-best cosmopolitan city in the world by Lonely planet. This smart city has a plethora of opportunities not only for economic growth but also for personal and social growth.
Its location on the coromandel coast of the Bay of Bengal acts as an impetus for its growth in the real estate market. This 380-year-old city has a vibe of young and enthusiastic hearts. It has various port corridors, IT corridors, and industrial corridors which pave the path for growth in real estate. No one can defy the fact that real estate in Chennai is quite lucrative and attractive.
You might be thinking why only Chennai?
There is no doubt that there are many more investment options but still buying your plots in Chennai would be one of the best decisions of your life. Its exponential growth in the housing sector proves this fact. Whether you want to buy a plot for yourself or for reselling purposes, either way, it would be fruitful. A smart buyer, which you are, would invest in the properties that would bring profits in the future. Investing in a city that stays in synchronization with the new emerging trends would not disappoint you.
Dominated by large industrial goliaths like Indian Oil, Chennai petroleum corporation, and Indian potash ltd. etc, this city can provide a wide range of opportunities. Being a hub for its automobile industry this city offers myriad business opportunities too.
Are you still brainstorming?
Reading further would clarify your mind about the various reasons to buy your plots in Chennai. Here are the top 7 benefits that you will surely enjoy if you choose to invest in this city.
1.Superior infrastructure: The city of Chennai boasts of its pompous telecommunication and transport infrastructure which makes it irresistible for investment. The national and state highways are strengthened, municipality and town roads are built, the sanitation network is improved, water bodies are rejuvenated, community halls and libraries are revived and the list continues. Over the decades' the infrastructure of Chennai has grown leaps and bounds but still the city is improving further to adapt to global changes as well.
Many investors choose Chennai because of the rapid growth happening here. The city is all geared for more world-class infrastructural changes which make it more tempting to invest.
The government of Tamil Nadu keeps evolving new plans for further development of its capital city.
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Locational advantage: It is one of the greatest USPs of Chennai. Various beaches, green trees, finger-licking food, and authentic culture bring an influx of tourists to this city. As an ever-growing city, Chennai is home to many migrants who come here for better life and work. Having a home here means having more growth opportunities.
Buying a plot here can be used for constructing your own house or a house to be given on rent. IIT Chennai, one of the top universities of India, brings a lot of students to the city so you can also turn your land into a pg for side income.
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High resale value: With the booming trade and commerce sector here, real estate is also growing. Buying land here is easier and more cost-effective. Low maintenance will be required and you can resell it whenever the market grows. Even if you want to build your dream home this will be an opportunity to make your dreams come to reality. Plots in Chennai are easily available. Chennai will never let you go empty-handed whenever you wish to resell your plot. The return on investment is going to be mind-boggling in the long run.
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High Connectivity and mobility: Chennai has a well-developed network of buses, local trains, and metros. Commuting in Chennai is cheaper and faster. One reason for this is broader roads. Moving from one place to another requires less time here as compared to other metropolitan cities.
2 operational metro lines connecting 42 stations have made the life of people easy here. This has the added advantage of making the city less polluted. People now enjoy a hassle-free and stress-free ride to their workplace and back home.
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Safe city: Being one of the safest cities in India it ensures more security. This city is being monitored by CCTV cameras and police patrolling is to boot. Your land here is going to be safe. Chances of encroachment are less as the citizens here are more law-abiding. Violent processions or terrorism threats are less observed in this city.
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Economy: Chennai is the fifth most productive metro area of India according to recent rankings with an economy of US$78.6-86 billion. Investing in a strong economy is always a wise decision. The demand for land is never-ending. You shall experience better equity on land here. The value of land in Chennai is expected to grow 3.7 times by the end of 2025. This exponential growth is just a decision away from you.
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Competitive rates: Property in Chennai will cost you a little less compared to other metro cities. The land is available at the best prices. North Chennai offers more competitive prices than central and south Chennai. Without hurting your pocket much you can buy a fairly good plot in Chennai.
Chennai offers cutting-edge healthcare and educational facilities too. If you wish to settle here, you can buy a plot and build your castle. It is one of the best places to raise a happy family. You can also excel if you are thinking of commercializing your property. Chennai will welcome you with open arms even if it's just an investment for a profitable future!
You can buy your plots in Chennai according to your requirements but do keep in mind the above-mentioned benefits while grabbing the land.
A wise man is known for his smart decisions!!