Which area in Chennai is developing fast?

One of the fastest growing residential areas in India, Pallikaranai is a hot favourite destination for investors. Located in South Chennai, the locality is in close proximity to the OMR (Old Mahabalipuram Road), which is one of Chennai’s biggest IT/ITeS corridors.

Which is the best residential area in Chennai?

Here are our top five neighbourhoods to live in Chennai.

  • Teynampet. Teynampet is one of the busiest commercial areas in Chennai and derives its name from the vast swathes of coconut groves that used to exist here. …
  • Adyar. …
  • Tambaram. …
  • Nungambakkam. …
  • Anna Nagar.

Which area is best for flat in Chennai?

Top 5 locations to buy property in Chennai

  • OMR. Being one of the most readily developing locations, today Old Mahabalipuram Road offers maximum ready-to-move-in properties. …
  • Velachery and Medavakkam. …
  • Guduvancheri. …
  • Porur.

Which is the richest area in Chennai?

Posh areas in Chennai

  • Boat Club.
  • Poes Garden.
  • Nungambakkam.
  • Besant Nagar.
  • Adyar.
  • FAQs.

Is Chennai developing fast?

4,630 per sq ft to Rs. 6,500 per sq ft. As far as the real estate industry in south India is concerned, the city of Chennai stands out to be the fastest in terms of growth. It stands as the perfect amalgamation of culture and technology and has carved its way to be identified as a stable market.

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Which is the cheapest area in Chennai?

Overall, Teynampet is one of the best and cheapest places to stay in Chennai.

  • Avadi. Located in West Chennai, Avadi is considered as one of the cheapest places to live in Chennai. …
  • Tambaram. …
  • GST Road. …
  • Kottivakkam. …
  • Adambakkam. …
  • Madipakkam. …
  • Guduvanchery. …
  • Anna Nagar.

Who is the best builder in Chennai?

Top Builders in Chennai

Builder Experience Total Projects
Brigade Group 35 yrs 79 Projects
Godrej Properties 31 yrs 147 Projects
Tata Value Homes 11 yrs 18 Projects
Prestige Group 35 yrs 148 Projects

Is Guduvanchery a good place to invest?

The development of infrastructure and industry, the value can increase to its double within a few years than the value of land in city with no development. Guduvanchery is one such place to make your investment double within years.

Is there any red light area in Chennai?

With no red light district, the city has shrouded the industry, which has continued to thrive for decades. While the police claim to have ‘curbed’ the sex work industry and people prefer to live in denial, there isn’t a designated red light district in Chennai.

Which month is hottest in Chennai?

Chennai has dry periods in February, March and April. The warmest month is May with an average maximum temperature of 37°C (98°F). The coldest month is January with an average maximum temperature of 29°C (84°F). November is the most wet month.

Where do billionaires live in Chennai?

Also known as Adaiyaaru, which derives its name from being located on the south of the Adyar river, this is one of the most expensive localities in Chennai. There is a huge gap in the property rates of the colonial-era buildings and the new constructions in this area. If you’re a foodie, Adyar is the place to be.

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Which is the safest place in Chennai?

1. Re: Best and safe place to live in Chennai. If you are talking about the KM near MMDA colony, you have a range of safe, secure residential areas to pick and choose: KK Nagar, Ashok Nagar, Kodambakkam, MMDA colony etc. Most of the places above are quite safe and mid priced on rentals.

Which area in Chennai has good ground water?

North Chennai rests on sedimentary rock, with sandstone and sand or shale forming the layers beneath the topsoil, making it conducive for good groundwater yield. The hydrogeology of this area is impacted by the flow of the three lifelines of the city — Adyar, Cooum and Kosasthalaiyar rivers.

Is real estate a good investment in Chennai?

Out of all the metropolitan cities, Chennai has the highest rate of infrastructure growth. The city is already well developed and has been equipped with good facilities. … The property rates here keep growing with the infrastructure development and thus the appreciation value is quite high and in the investor’s favor.