Properties in Tambaram Promise High ROI

Cited to be one of the most preferred neighbourhoods in Chennai, Tambaram is attracting many property seekers and home buyers due to its stable realty market. The persistent prices and high ROI (Return on Investment) are captivating many potential home buyer's mind. The established social infrastructure coupled with state of the art residential spaces are making Tambaram one of the most sought after locality in the city.

 

The physical infrastructure is a major factor that is pulling many investors. To ensure that the locality remains a hotspot, the Tambaram Municipal Corporation has been proactive in developing active models to ensure the neighbourhood's realty market stays reliable. From the UGS (Underground Sewage) Programme to the BINS- a pilot solid waste management programme, the government is taking many steps that will help capital values of apartments in Chennai especially in Tambaram remain steady.

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Connectivity is another element that is luring many home buyers. Located on the Chennai-Tiruchy highway, the vicinity is about 27 km away from the heart of the city. Via road, the locality is well networked to other parts of the city through MTC (Metropolitan Transport Corporation) buses. The operational flyover connecting Mudichur Road and GST road to Velachery Main Road has reduced travel time drastically. The rail connectivity has also filled the realty demand here. Via rail- the locality has its own railway station and it cited to be one of the busiest terminals. The Tambaram RailwayStation runs a number of suburban trains that connect individuals up to the beach. Compared to apartments in Chennai, multistorey buildings here too offer the same standard of living despite being a suburban locality.

 

Houses for sale in Chennai specially in this locality are attracting many IT professionals, HNIs (High Net-worth Individuals) and NRI's (Non Residential Indians). Builders and real estate developers too are cashing onto this demand are focusing more on creating homes for the affluent. According to recent reports, Tambaram is bustling with construction activities. The locality currently has 35 new ongoing projects where 81% of the projects have completed while the remaining are still under construction.

 

Apart from being an end users haven, the locality is also favourable for investors. With white-collared professionals driving the realty market, investors and second time home buyers are purchasing properties only to rent them out later. Apartments here fall well within the price bracket of Rs 10 to 40 lakhs making it an ideal destination for middle class income group individuals to own and rent the spaces out later. On an average an apartment here in Tambaram is estimated to generate a rental return of Rs 10 to 14 per square feet depending if the homes are semi or fully furnished.

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While purchasing houses for sale in Chennai, do not hesitate to own a property in Tambaram. They are not only pocket friendly, they also generate high return on investment. Properties here have appreciated over 37% in the past one years and they are expected to escalate even further.