The best location with flats for sale in Chennai

The property market in Chennai is a booming one. It has not dwindled even when the rest of the country is experiencing major crises in property rates. The most preferred properties today in city are the apartments. The growing number of nuclear families and bachelors now prefer 3 room or smaller apartments as a better alternative than buying bigger spaces. It is easier to maintain these apartments and as the growing population of city needs more accommodations to live, apartments are indeed the solution.

There are several popular locations for buying apartments in Chennai, which we will discuss here. Guduvanchery is one of the popular localities. It is situated on the Grand Southern Trunk Road and here you can find many newly built Apartments for Sale in Chennai. It is considered as one of the most promising suburbs of the city. The area is well connected to the rest of the city via buses, trains and other transports. The current rate of properties in Chennai located here is somewhere around INR 3200 per square feet. Another booming location with flats for sale in Chennai is Sholinganallur. It is situated in the southern part of the city and is close to the various IT Companies offices and is thereby a sought after location for IT professionals. It is located near Old Mahabalipuram Road, which is considered to be the IT hub of Chennai. If you are an investor then this place is great for getting great rental revenues. The current rate for apartments for sale in Chennai located here is INR 4800 per square feet. Perambur is another very popular locality that is located in the north Chennai. There are several surrounding localities such as Anna Nagar, Villivakkam Kolathur and Madhavaram, which are equally popular.

These are just some of the best locations for buying apartments in Chennai today. The builders in the city are today developing even more luxurious and better apartments according to the growing needs of this city. As it is one of the major metro cities and an IT hub the city is now expanding along its outskirts. The growing population has led various residential projects to come up in the localities surrounding the city. These projects are equally good, as they will provide more of the modern amenities and a peaceful environment away from city. Although buyers are not going to invest in these projects easily, competitive rates with other popular locations can surely increase the numbers.

The city of Chennai is an ideal location for having a modern lifestyle in a cleaner environment. Thus more and more people are now looking forward to buying an apartment in Chennai.