Chennai, the welcoming capital city is known for its economic dynamism & rapidly developing infrastructure. The plots for sale in Chennai offer promising investment opportunities in both developed and emerging areas. Regions like Thirumazhisai, Thirukazhikundram, Thirumullaivoyal, & Vengal present exceptional prospects for long-term growth. This blog will help you understand the dynamics of the plots in Chennai to make a well-informed profitable investment decision.
Understanding the market trends of the plots in Chennai in the emerging areas.
The plots for sale in Chennai have witnessed steady growth, & the expansion of infrastructure and accessibility is a key influencer in attracting more residential and commercial investments. So when looking for land for sale in Chennai, understand the trends in developing areas like Thirumazhisai, Thirumullaivoyal, and Vengal to benefit from ongoing and upcoming infrastructure projects.
Thirumazhisai offers proximity to the Chennai-Bangalore Highway (NH 44) & the industrial developments in the neighbouring areas have made this a residential & investment hub. Thirukazhikundram is close to the main industrial zones and upcoming developments in the ECR. Thirumullaivoyal & Vengal along the Chennai-Bangalore route offers affordable housing developments with high-value appreciation.
Key factors to consider when buying plots in Chennai.
Prioritise infrastructure & connectivity.
When planning to buy plots in Chennai focus on the accessibility & quality infrastructure that a locality can offer. Plots in Chennai in areas like Thirumazhisai, Perungalathur, Vengal, & Thirumullaivoyal, offer great road, rail & metro connectivity from the city to the major highways which will hike the land value.
Price trends & scope for appreciation.
Plots in Chennai owing to the steady climb in rates and demand have drawn people from across the nation for property investment. Further, with the city’s seamless highway connectivity and the boom of the surrounding industrial zones areas like Thirumazhi & Sriperumbudur are witnessing high potential and affordable plots for sale in Chennai.
The property prices in these sought-after localities have grown annually by about 7-12%. The plot developers in Chennai are expecting further growth, with IT giants, more infrastructure projects coming up, and the presence of the Chennai-Bangalore highway. Areas like Vengal & Thirumullaivoyal are quickly emerging as desirable locations due to the affordable housing options and the availability of well-equipped plotted communities at relatively lower rates.
Related: How to find the best deals on real estate plots in Chennai?
Why buy our plots?
- Located at the most-developing locations in Chennai
- Few minutes from the IT hubs, schools, hospitals, malls.
- Proximity to Chennai highways & city connecting roads.
- Potential for high value appreciation.
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Legal due diligence.
Regardless of the zone, due diligence is a vital step while searching for land for sale in Chennai. These developing areas call for other necessary checks like:
Plot ownership title & clearance: Ensure the plot has a clear title without any legal disputes and has proper land use zoning as per the local.
Approvals for Development: Every land for sale in Chennai must have the requisite CMDA & DTCP approvals for all planned residential or commercial projects.
Land classification: When you plan to buy plots in Chennai, check that they are classified as ‘residential’ or ‘non-agricultural’ for development, as converting agricultural land for residential development can be a cumbersome process.
Growth potential and returns.
Investing in Chennai’s developing suburban areas such as Thirumullaivoyal, Thirumazhisai, Thirukazhikundram, & Vengal, brings long-term growth prospects. While the immediate return on investments might not be as high as in the city’s prime areas, these localities promise substantial capital appreciation in the next 5 to 10 years as infrastructure develops and demand for residential & commercial spaces increases.
Given the proximity to Chennai’s IT Parks & booming infrastructure growth, areas like Thirumazhisai, Thirullaivoyal, & Vengal are likely to witness long-term appreciation, with a possible ROI of about 10-15% over the next decade. For early investors & home seekers, this is the right time to plan to buy plots in Chennai to yield high returns in the coming years.
Concluding thoughts.
The surmounting demand for land for sale in Chennai, especially in rising localities such as Vengal, Thirumullaivoyal, Thirumazhisai, & Thirukazhikundram is going to transform the real estate segment with high potential for long-term growth. Some of the top real estate developers in Chennai like Elephantine Enterprises have already launched elite township communities in these booming localities. Set amidst a calm natural landscape & with state-of-the-art amenities, these plots for sale in Chennai will touch new highs and transform into major residential and commercial hubs.
Visit the Elephantine website to learn about the ongoing projects and secure your home at the best prices.
