Manapakkam; the Suburb Witnessing Numerous Real Estate Growths

The society that was no more than an open land with just few developments here and there, today is one bustling suburbs of Chennai. The area has witnessed rapid developments and today is one of the urban hotspots. The large open farmlands have now been taken over by the commercial and residential needs and today the residents have everything in the vicinity.

The locality has seen good appreciation in the capital values making it an investment destination. The builders that had once sold apartments at 2600 per square foot to 3000 per square foot today are selling at a price of 6000 square feet. Hence, Manapakkam is one of the favourite localities where the builders are showing interests.

Other reasons why Manapakkam is gaining popularity is because of developing social and physical infrastructure and good connectivity to different localities throughout Chennai. Manapakkam has catered to the housing needs of many IT professionals working in the nearby areas.

Also, unlike most of the neighbouring areas, Manapakkam has a scope of further improving the real estate scenario. The market has movement and mostly in the positive direction. The builders are hence coming up with new projects. Some of the new projects in the area are:

• Vaikunds Srishti
  

Spread over .606 acres of land, Vaikunds Srishti is a residential project by Vaikund Estates. The residential project offers 2BHK and 3BHK apartments that are beautifully designed. Further the project has all the basic necessities like a market, hospitals and various educational institutions in the neighbourhood. The project offers a total of 32 apartments that hare spread in 8 blocks each having three floors (G+2). The amenities at Vaikund Srishti include a club house, cafeteria, a multipurpose hall, play area for children, swimming pool, gardens, gymnasium, power back-up, water plant, intercom and ample space for car parking. It is being constructed by one of the renowned groups in Chennai that has other successful projects like vaikunds Mira and Vaikunds Trilok.

• Ten Square Vijay
  

Spread over .82 acres of land, Ten Square Chennai offers 2BHK and 3BHK apartments located in Chennai South. The well planned project is well-equipped with all the amenities. There are a total of 104 apartments in the residential project that are spread over a single block that has 8 floors. The residential development has amenities like a club house, facilities for sports, play area for children, gymnasium, paved compound, landscape gardens and features like firefighting equipment and proper security systems. The residential project has apartments that are in compliant with vaastu. It also offers ample space for car parking.

Concluding

The real estate in Manapakkam has witnessed growth at a large scale in past two years and is expected to do so in the coming years. The stagnant market of the nearby areas further enhance the realty movement in the localities. Presence of social and physical infrastructure makes the locality friendly for the end users. On the other hand the increasing capital values is a great benefit to the investors.

Author Bio

Akansha Arora is a professional writer and blogger who loves to pen down her views on a number of topics that interest a reader. She writes keeping in mind the current scenarios and wishes to keep her readers well informed. You can follow her on https://google.com/+AkanshaArora2112