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A General Refresher on Choosing To Invest In Plots in Chennai

by Ashok Nandavanam Ashok Nandavanam

Investment options available to people today are many, each of them having its own advantages and disadvantages. While some people choose to invest in fixed deposits, many others opt to put their money on stocks or gold. On the whole, all people strive to find a safe investment vehicle that can provide commendable returns as well. Real estate proves to be especially a smart investment tool in this regard. By choosing to invest in progressive realty markets, like Chennai, you can expect to enjoy great resale value from your property in the long run. 

Chennai is a major South Indian metropolis that experiences steady population growth every year. Adequate housing and land are needed to meet the accommodation needs of its growing populace. As a result, this city is expanding in all directions. A core region of Chennai is governed by CMDA or Chennai Metropolitan Development Authority. The value of CMDA based and approved plots is especially quite high as this region enjoys good connectivity to the poshest locales of Chennai. Investors can easily find CMDA approved plots in Thirumazhisai, Madhavaram, or Manimangalam, which can provide them with impressive returns in the future. 

Here are some of the prime factors that can make investing in plots in Chennai a good idea for people: 

  • The value of land is appreciating fast: The most advantageous aspect of investing in property is that they are almost sure to appreciate with time. While this is true for investing in both ready-to-move-in establishments and plots, the latter might give the property owners a distinct age. In the last few years, the value of land has appreciated much faster than already built houses.  
  • Provides great flexibility: People have a lot of dreams and hopes from their first home. However, many times their desires might not be compatible with the vision of the architecture and designers. Property buyers won’t have any inputs in the design and architecture of a ready-to-move-in home. Hence, there is a good chance that it shall not perfectly match their dreams. While they can make changes after buying a house, doing so will cost them extra and can be difficult to implement as well. On the flip side, property owners get the chance to truly give shape to their dreams and construct their home exactly as per their liking on a plot of land. 

While there are many advantageous neighbourhoods to buy property in Chennai, investing in plots in Thirumazhisai, OMR, Madhavaram, and similar locations can especially prove to be highly advantageous. These plots experience comparatively greater property appreciation due to the presence of Industrial and IT hubs nearby, which tends to be responsible for driving a lot of employment prospects. 

It also is important to understand that the worth of any property is also dependent on its surrounding infrastructure. Improvements in the infrastructure may result in an immediate rise in the value of property present in the region. Hence, property investors should try to conduct thorough research on the most promising and rapidly developing regions of Chennai and subsequently make their investment as per the insights gathered. 

Author Bio: The writer of this article is an eminent realtor working in South India. He has over a decade of experience in this field. Writing and blogging are some of his favourite hobbies, with the help of which he intends to share his valuable knowledge with his readers

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About Ashok Nandavanam Junior   Ashok Nandavanam

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Joined APSense since, April 13th, 2021, From Chennai, India.

Created on Oct 28th 2021 11:02. Viewed 158 times.

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