Flats for Sale in Chennai: Opportunity knocking at door

The Preamble: It is well known that India is swiftly shifting its way of living; this shifting may cause changes in opportunities as well as living style. Chennai proffers its residents an extensive range of enriching, cultural healthy and lavish lifestyle.

Chennai has about 7 million people but still seems to be less crowded than other cities of India probably because of the large area it covers.  Commuting in the city also does not pose much of a problem for individuals residing there as transportation is easily available.

It is a known fact that the South culture is very rich and the Tamil civilization is an ancient one that still posses’ elements that have stayed unchanged from the past customs. Chennai is a secure and hospitable Indian city with effortless admittance to picturesque beaches, wildlife parks on the outskirts and well designed societies.  It can be said that on an average the city is captivating, diverse, comfortable and secure to live in especially for the ones who are either working singles, studying or even couples.

Chennai is one of those cities of India where real estate companies are investing these days and intend to begin new 5-star or business hotels. Genuinely speaking, real estate subdivision in Chennai is growing rapidly and accomplishing heights of grandeur yet again. Recently, there has been a boost in the number of flats and society set ups in various areas of Chennai especially towards west due to endeavours of big real estate owners. Thus, it is advice by most of the real estate experts to buy flats in Chennai.

One such area that is growing remarkably as far as real estate residential properties are concerned is Poonamallee. Poonamalle was initially known as Poovirundhavalli but with changing times and culture the name has also changed. It is part of Chennai west and offers varied options in flat for sale in Chennai. The place is on a high rise these days and is considered to be a suburb with prosperous culture, strong moral roots and equally strong modern world civilization adaptation. One of the most quiet and serene areas of Chennai is now turning into a well developed residential hub. Before investing in Poonamallee, it should be known that it is administered by the Municipality of Poonamallee; the traffic is looked after by Chennai traffic Police and is managed directly by Greater Chennai Police. The place has gained a lot of importance and is one of the most politically and socially significant places of South India, especially because one of its court systems dealt with the assassination of former Indian Prime Minister Rajiv Gandhi.

An emblematic accommodation of 1 BHK flat in Poonamallee can start from a meagre INR 3000 per sq. feet and go high up to approximately INR 4500 per sq. feet. The approximate total value of single bedroom apartments in the area falls in range of INR 20- 30 lakhs and this disparity in the cost wholly depends on the category of services and facilities being provided by the city. The prices also vary majorly due to access to important facilities like transportation, health care, markets etc.

The Verdict

Undoubtedly, Poonamalle is a place in Chennai where buying a property in coming years will only profit and hence, it is advisable that no matter however expensive you may feel the area is, go for it.  A 1 BHK flat in Poonamalle at this price is definitely a grab away opportunity. Chennai is a growing city, it is becoming a global IT centre and hence, it would be a prudent decision to grab a small property in the area which in approaching years will surely provide immense benefit.

Author’s Bio – Sampurna Majumder writes on behalf of 99acres.com which is a leading real estate portal providing genuine and accurate information about the current real estate trends, serviced apartments, studio apartments for sale and different properties available across various cities in India.