Affordability & Connectivity drives Chengalpet’s realty market

Chengalpet is one of the emerging realty hubs, which is located strategically along the Greater Southern Trunk Road (GST). This satellite town is considered to be the next realty hub of Chennai with the demand for housing has been increasing constantly in recent years. Some of the major factors that drive the real estate market of this region include affordable property prices, seamless connectivity via rail & road, improved infrastructure and upcoming development projects. Particularly, Chengalpet lures mid-income groups (MIGs) and low-income groups (LIGs) who are looking out for apartments in Chennai at affordable rates. As the locality is well connected to major work places of Chennai via rail and road, many working professionals are showing a great interest on buying a property here. The realty experts predict that this locality will witness a growth similar to Gurgaon in New Delhi and Thane near Mumbai at the time to come. As the land rates are cheaper here on compared to major areas within city limits, several residential builders are also showing a keen interest on developing several new projects here comprising of gated community apartments, builder floors and individual homes. With these residential developments, the locality offers a plethora of options for the home buyers. Following are some of the major growth drivers of real estate market here; Connectivity The locality’s connectivity is one of the prime factors that have been playing a major role in booming the real estate market of this region. With easy access to suburban train services and bus services operated by the Metropolitan Transport Corporation (MTC) and the state government that run frequently along Chengalpet, Tambaram, Broadway and major areas of Chennai , this region attracts many potential home buyers. With these factors, some of the sub-localities of this region connected with arterial roads have also transformed into major realty hotspots. With the proposed bus terminus on GST Road by the state government, the connectivity of this region is likely to be enhanced further in near future. Social Infrastructure The locality has the presence of good social infrastructure in terms of educational institutes, hospitals and banks to support daily needs of residents here. Some of the famous schools here include Saint Joseph Higher Secondary School, Chaturveda Vidya Ganapathi Vedashram and Sri Ramakrishna Mission Boys Higher Secondary School. Also, there are several reputed health care centers here namely Beent Hospital, Venkataramana Hospital, Balaji Hospital and JSP Hospital.rnWith the upcoming infrastructure developments in this region, the capital values are expected to increase in near future. Thus, if you are searching for apartments in Chennai for property investment then you can consider investing in Chengalpet to witness good returns in future.