What makes Chromepet a safe-bet for property investment?

Located strategically on the GST Road, Chromepet has been witnessing rapid developments in both commercial and residential sectors. Further, the presence of several SEZ’s and IT hubs in the vicinity has increased the demand for residential properties here. Located about 20 km away from the Chennai city, Chromepet has good accessibility to other important areas of the city. The Chennai International Airport is located just 6 km away from this locality. The micro market is surrounded by important areas such as Tambaram, Pallavaram, and Kovilambakkam. Further, the local railway station in Chromepet makes the life easier for the residents, as they can commute to major areas of Chennai via train. Located on the Grand Southern Trunk Road, the locality gets the advantage of easy accessibility to the National Highway that connects Chennai with Trichy. Besides, one can reach the IT corridor with ease by taking the Pallavaram – Thoraipakkam Road. This is one of the major reasons that increased the demand for residential flats for sale in Chromepet among the IT professionals. rnThe region has the presence of several reputed educational institutions and colleges. The Madras Institute of Technology (MIT) which is one of the famous technical institutes is located here. Further, locality possesses good schools and colleges namely, Srimathi Sundaravalli Memorial School, Vel’s Vidyashram Senior Secondary School, Madras Institute of Technology, Shikshaa Matriculation Higher Secondary school, Olive Public International School and more. Also, there are several engineering, medical, nursing and arts and science colleges like Shrimathi Devkunvar Nanalal Bhatt Vaishnav College for Women, Sree Balaji Medical College & Hospital and RRase College of Engineering, VELS College of Science and IRT Polytechnic College. In the past few years, the locality had witnessed tremendous growth in terms of commercial and residential real estate. The locality’s good connectivity to other parts of the city via both road and rail has been the primary reason for growing real market here. The presence of good social infrastructure with schools, colleges and health care units makes this region an ideal destination for residential property seekers. Some of the ongoing projects in Chromepet include Navin’s Hillview, Amarprakash Temple Waves, Indira Bliss etc. As the demand has been high for rental properties in Chromepet among the working professionals, the locality certainly grasps the attention of the second time property investors as well. According to the local realty sources, the buyers who buy a property here for investments purpose are earning a good rental returns.