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Why now is the perfect time to invest in land plots in Chennai

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Elephantine Builders
Why now is the perfect time to invest in land plots in Chennai

The real estate market in Chennai is currently at its most favourable. The city's diverse economy and growing foreign investments have attracted expatriates from around the globe.

Chennai's economy is primarily driven by a variety of sectors, including manufacturing, commerce, transportation, and storage.


From 2018 to 2022, Chennai attracted real estate investments worth $2.88 billion and is expected to continue this upward trend in the coming years.


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Chennai stands out as a promising investment hub among all the metropolitan cities. So, let's explore why investing in Chennai's real estate is more profitable than other locations.

  • The escalating need for residential property in Chennai, particularly in peripheral areas, has prompted developers to initiate residential plot projects in the city's expanding regions. These secured communities provide land plots to buyers and investors, allowing them the liberty to construct homes as per their preferences.
  • Anticipated to surge even further in the future, the demand is due to effective reforms and policies.
  • Chennai localities like Oragadam, Avadi, Ambattur, and Sriperumbudur have witnessed some of the most significant price hikes in recent times.
  • In swiftly developing regions such as Guduvancheri, Old Mahabalipuram Road (OMR), and Thirumazhisai, which are near IT centres and industrial areas, a considerable number of plots are being purchased.
  • The developing region has positioned itself as an attractive residential area for both buyers and investors due to its superior connectivity to the major industrial centres of Avadi and Ambattur.
  • The increasing number of commercial and IT parks in the area has escalated demand and pushed up prices. The ongoing extension of the metro railway network will further amplify the appeal of these communities and significantly elevate their prices.
  • Most of these emerging communities boast growing social infrastructure and easier access to the airport and metro rail system.
  • In recent times, purchasers have been increasingly opting for land within gated communities or those offered by reputable developers, which provide enhanced security and amenities such as well-maintained roads, drainage systems, sufficient electricity, and other recreational facilities.
  • To offer access to amenities like schools, retail outlets, convenience stores, medical centres, children's play areas, sports facilities, and more, numerous real estate developers are now selling land plots within integrated townships to potential buyers.


The rapid progression and expansion of the Indian economy have led to the continuous growth of its major cities, including the development of satellite townships in Chennai.

The Chennai Metropolitan Development Authority (CMDA) is dedicated to the development of Thirumazhisai, Minjur, Tiruvallur, Kancheepuram, Chengalpet, and Mamallapuram as satellite towns around the capital city. This will be the sixth satellite town, as per a CMDA representative.


Must Read: Buy CMDA-Approved Plots in Chennai


Connect with Elephantine Enterprises Pvt Ltd to Buy CMDA-Approved Plots

Elephantine Enterprises Pvt Ltd is one of the top real estate developers in Chennai. Their plots and construction projects come with CMDA-approved documents with clear titles so there is no hassle in the process of sale, construction (if necessary), and handover. They have various verticals to cater to the demands of different individuals. These are: 

  • Elephantine Homes: Plotted developments, villas, and apartments are all well-planned and designed to ensure customers receive the best experience.
  • Elephantine Commercials: The retail spaces, neighbourhood malls, and office spaces are designed to have work and entertainment blend well together for customers to get the best experience.
  • Elephantine Hospitality: Their resorts and holiday homes are a class apart. Equipped with modern amenities and aesthetically pleasing designs, customers are sure to experience one of their best holidays.
  • Elephantine Industrial Parks: Efficient and sustainable industrial parks and warehouses are constructed so your business can flourish in a great environment.


So, next time you want to buy a plot of land or a building in Chennai, make sure it has been approved by the CMDA. Check if the project has a completion certificate. Confirming this will ensure you do not run into legal issues in the future.

 

Wondering where you can get a CMDA-approved plot or building? Contact one of the best builders in Chennai, Elephantine Enterprises Pvt Ltd. With more than 10 years of experience under their belt, they are experts in the real estate industry in Chennai.





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