Chennai, the gateway to South India and the cultural capital of the region, has recently been witnessing significant growth in terms of job opportunities as well as real estate development, and is on the radar of several intelligent investors in India. Poised for further growth in the coming times, currently, the city is home to over 4,000 companies. The number of companies headquartered in Chennai is on the rise and is predicted to keep increasing the demand for the best real estate in Chennai, as the city welcomes more and more career-oriented people. The growing development and rising demands for property in the best residential areas in Chennai have also led to a rising number of real estate companies in Chennai offering various residential projects. The implementation of the Real Estate Regulatory Authority (RERA) has also helped improve transparency and accountability in the real estate sector by leaps and bounds. Furthermore, the development of the Chennai Metro Rail that connects all the major areas in Chennai has significantly transformed the city’s transportation system. Additionally, the numerous IT parks in Chennai have led to an influx of IT professionals as well.
Ranked as one of the most desirable cities to live in South India due to its economic prowess, IT infrastructure, healthcare and educational opportunities, and much more, Chennai has become a hotbed for real estate, and for migrant IT professionals who move to the city in search of better career opportunities, the city has a number of residential localities where you can come across world-class apartments by some of the city’s best real estate companies.
If you are looking to rent one of the best apartments in Chennai or to buy a house, here are some of the top localities that you can consider:
Guindy: A Coveted Destination for Both, Real Estate Investors and IT Professionals Looking to Rent
Of late, Guindy has become one of the most sought-after locations in Chennai and has witnessed an upswing in its residential market. Located in the southwestern part of Chennai, it was earlier well-known for Guindy Park, but the location has now become a new, prominent hub for IT companies and is one of the most elite of Chennai’s real estate addresses. With the influx of the IT workforce, Guindy in Chennai has witnessed considerable growth in residential properties and allied developmental changes, such as with the construction of the Metro, hospitality establishments, and IT Parks, making it a prime destination for IT professionals to rent or buy an apartment in Chennai.
Guindy is a very safe neighbourhood and is well connected to the rest of Chennai via Kathipara Junction. The Chennai International Airport is also situated at a distance of approximately 8.5 km from Guindy and can be reached via the Nagapattinam-Chennai Highway or the Tiruchi Chennai Highway. Moreover, Guindy Railway Station is also approximately 1 km from central Guindy, making it a favourable destination for residential projects in Chennai for IT professionals. Guindy offers an exceptional living experience in the vibrant city of Chennai for those seeking the perfect blend of convenience and comfort. Additionally, you get connectivity benefits, including:
● Proximity to MKN Road, Inner Ring Road, Velachery Main Road, and the Grand Southern Trunk Road.
● Guindy Bus Stand, Chrompet Bus Stand, and Adambakkam Bus Stand are located nearby.
● The Guindy Railway Station is also situated close by, at a distance of approximately 1 km from Guindy Central.
● St Thomas Mount Metro Station and Alandur Metro Station are located nearby to Guindy.
● Chennai International Airport is also quite close, facilitating easy connectivity to other destinations across India and abroad.
Nungambakkam: The Oldest and Best of Residential Area in Chennai
It is not a new development that Nungambakkam has been gaining attention as a hotspot for real estate investment. Known as one of the oldest residential areas in the city, Nungambakkam checks all the right boxes when it comes to a property search in Chennai. The place is home to several multinational companies, commercial establishments, educational institutions, foreign embassies, tourist spots and, most importantly, IT companies, making Nungambakkam a favourable destination for finding rental property for IT professionals. As far as the infrastructure is concerned, Nungambakkam is dotted with green landscapes which add to its significance as a real estate investment property.
The first flyovers of Chennai were built in Nungambakkam in 1970, and today, the place has welcomed many more infrastructural developments that help ease traffic congestion in the area and attract homeowners and real estate developers to Nungambakkam. If you wish to buy property in Chennai or are looking to rent, Nungambakkam is one of the best options available.
Some of the connectivity features of properties in Nungambakkam, Chennai, include:
● Chennai International Airport is less than an hour away.
● Convenient access to Koyembedu Bus Stand, one of the significant parts of bus transport in Chennai.
● Home to Chennai’s largest railway stations, including Nungambakkam Central.
● Close proximity to the Koyembedu Metro Station, Chennai Central, Egmore Metro Station, and the Chennai International Airport Metro Station.
● Situated close to the Tamil Nadu Industrial Corporation.
● Close proximity to some of the most reputed schools in Chennai, including Kendriya Vidyalaya Senior Secondary School and Vadapalani Matriculation Higher Secondary School.
Irungattukottai: Where You Can Enjoy a Peaceful Suburban Lifestyle
For people looking a little farther away from Chennai City, properties in Irungattukottai might seem like a better option. This burgeoning residential locality of Chennai is located towards the outskirts of the city and has amazing options in apartments in Chennai that offer the perfect blend of urban amenities and suburban tranquilities. Starting with its strategic location to its proximity to the city centre, Irungattukottai offers residents the opportunity to enjoy the serenity of suburban life while having access to the bustling metropolis.
The rapid industrialisation of the city has led to the rapid generation of employment opportunities, which has resulted in making Irungattukottai an attractive option for real estate investors. Moreover, the presence of educational institutions, upcoming infrastructure projects and healthcare facilities further add to its appeal for renters and property buyers alike.
Investing in real estate projects in Chennai in Irungattukotai can be a viable option for a variety of reasons. The features that make Irungattukotai one of the best residential places in Chennai include:
● Easy access to the Chennai International Airport despite the distance.
● Convenient connection to the nearest railway station, Arakkonam Junction, approximately 30 km away.
● Easy connectivity to major roads and highways, including the Chennai-Bengaluru Highway, Chennai-Tirupati Highway, etc.
● Ryan International School, Shiksha Public School, PB College of Engineering, Kings Engineering College, etc., are some of the noteworthy educational institutions in the vicinity.
Being a prominent IT hub in South India, areas in Chennai such as Guindy, Nungambakkam, and Irungattukottai stand as some of the best residential destinations when it comes to renting or making a sound real estate investment. Each location has its unique charm, helping them stand out as some of the best choices for the tech-savvy demographic.