Tambaram, one of the oldest suburbs of Chennai is a happening residential and commercial market. The area is buzzing with commercial activities. In the recent years, the market has witnessed rapid infrastructure developments. This has improved the connectivity of the micro market with the heart of the city.
Connectivity has a major role to play in the development and growth of a locality. Tambaram enjoys good connectivity via road and rail. Proximity to the airport is another added advantage of the locality. The airport is located just 10 Km away from the micro market. Tambaram railway station divides the micro market into East and West. The micro market falls on the industrial corridor, Grand Southern Trunk Road (GST Road). The area enjoys connectivity to all the major areas of the city. The micro market also enjoys good connectivity to the major areas of the city. OMR, the hub of IT firms is easily accessible from the area. The area falls in proximity to the automobile industries. All these factors have largely contributed to the increased demand for residential properties from working people.
The area has a number of reputed educational institutions and one of the notable institute to be named will be the Madras Christian College. Many other schools and colleges are located in and around. The area enjoys the presence of a good social infrastructure. Many educational institutions, healthcare facilities, entertainment options and other facilities are available to provide a good lifestyle for the residents. A number of retail outlets are available to provide the needs of the residents. The presence of restaurants and famous hotels gives a good hospitality sector for the locality.
The micro market is one of the fastest growing areas. The residential market is active and is seeing constant demand from the home buyers and investors. Many IT professionals are showing interest in the micro market. Proximity of the locality to the business parks is a major advantage.
The area is considered a good investment destination. Residential apartments in the micro market are priced anywhere between INR 3700 per Sq. ft. and INR 5400 per Sq. ft. The property prices are comparatively affordable and this is one of the reasons contributing to the popularity of the area. The property prices in the area are expected to increase and this makes the locality an ideal investment destination. Better returns on investment are expected. Many infrastructure developments are planned. The Chennai monorail project is planned and this project once implemented will further enhance the connectivity to the area. This will make a huge positive impact on the real estate market of Tambaram. Southern railway is planning to introduce direct trains between Tambaram and Arakkonam via Beach railway station.
The area has good amenities to lead a quality lifestyle for the residents. According to a recent report on the real estate market of Tambaram, it has been observed that apartment projects are preferred over other projects in the locality.
Many prominent developers have their projects in the locality. Some of the best projects in Tambaram from the prominent builders are Casa Grande Tambaram by Casa Grande Private Limited, Anirudh Indira Garden by Anirudh Foundation, Abhi Springs by Abhi Homes, etc. If you are looking for buying an apartment in the micro market, then you can consider Casa Grande Tambaram.
Marshall is a green zone activist who loves to get his hands dirty and expose issues on Indiaproperty.com