Is it the right time to invest in plots in Chennai

by Godrej Properties Limited

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Chennai is among the most prominent real estate markets in India. Residential plots within downtown and its surrounding areas have received a lot of recent buyer interest. Investors have the chance to start reaping the rewards right away because of the development of newer neighbourhoods in the suburbs.

Due to an upward spike in investor interest, Chennai's real estate market has been flourishing. This is due to an increase of more recent localities in the suburbs close to Chennai. The residential lots are more reasonably priced than those in downtown because these areas are still developing. The investment potential and returns earned in these areas are also anticipated to be respectable and gradually increase with the locality's development, which is another benefit of lower purchase prices.

It's critical to understand which of Chennai's outlying areas are growing in popularity, prior to purchasing land there. The lack of available space that the city faces might be a contributing factor. The suburbs are now preferred as possible investment locations as a result. In Chennai, it is estimated that nearly 40% of the stock consists of residential land.

Why it is the right time to invest in plots

  • In response to the growing need for residential land in Chennai, especially in the suburban areas, developers are developing residential plot projects in the city's up-and-coming neighbourhoods. These gated communities offer buyers and investors land parcels so they can build a home according to their specifications.
  • Due to effective reforms and policies, demand is anticipated to increase further in the future.
  • In Chennai, areas like Oragadam, Avadi, Thaiyur, Chithamur, and Sriperumbudur have seen some of the highest price increases in recent years.
  • In rapidly developing areas like Guduvancheri, Old Mahabalipuram Road (OMR), and Thirumazhisai, which are close to IT hubs and industrial stretches, a lot of plots are being sold.
  • The MPR region has established itself as an exciting residential location for both consumers and investors thanks to its easy connectivity to the major industrial hubs of Avadi and Ambattur. The region's growing number of business and IT parks have boosted demand and driven up prices. More of these communities will become well-known, and their prices will rise significantly as a result of the ongoing development of the metro railway network.
  • The majority of these emerging communities have expanding social infrastructure and easier access to the airport and metro rail system.
  • In recent years, purchasers have been increasingly selecting land within gated societies or those provided by reputable developers, which offer greater security and amenities like properly maintained roads, drainage systems, adequate electricity, and other leisure amenities.
  • In order to provide access to facilities like schools, retail areas, convenience stores, medical centres, children's play areas, sports facilities, and more, numerous developers of real estate are now marketing parcels of land within townships that are integrated to potential buyers.

Godrej Sunrise Estate in Oragadam - A Plot Investment

Investing in a plot at Godrej Sunrise Estate in Oragadam offers a unique opportunity. With the renowned Godrej Properties as the developer, you can expect a well-planned and secure investment in a rapidly growing area.

It is advised to do your due diligence on current land prices for a specific area, as well as the land's jurisdiction, type, chain of ownership documents, and title deed. Additionally, it ought to be unhindered by any legal issues or liens. Given the recent spike in demand, Chennai should experience significant capital growth in the coming years.

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