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The beautiful and serene city of Chennai is also one of the top industrial hubs of the country. Hence, the metropolitan city attracts people from all over the country looking for employment opportunities. Here are few of the best localities in Chennai ideal for real estate investments.
Ambattur’s industrial estate, built in 1960s has been expanding and developing ever since. This has resulted in Ambattur being known as the industrial centre of Chennai. Multiple manufacturing plants of big companies like Britannia, TVS, Dunlop and TI Cycles were some of the first ones to be set up here. Ever since then, companies have continued to place their manufacturing units in this area. This has led to a huge developmental boost in Ambattur, transforming the area into a commercial and residential hub. The locality offers a range of apartments, from affordable to a little more up-scale ones. The excellent connectivity, the social infrastructure and the housing options have made Ambattur a popular real-estate investment spot.
Anna Nagar was built by the Tamil Nadu Housing Board, and hence was developed into a well-planned residential space. The locality provides wide roads which are properly laid out, along with all the necessary amenities like markets, et al. Due to its developed infrastructure, the locality is considered to be one of the poshest areas in Chennai. It boasts of hosting celebrities and politicians as its residents. To cater to the needs of the crowd, there are also several chic restaurants and pubs that have opened up in the area. Apart from its attractive entertainment spots, Anna Nagar also home to Prince Info Park and Ambattur Industrial Estate, ensuring plenty employment opportunities in the area.
Additional Read: Tips to Buy a Home in Chennai
Avadi is the IT hub of Chennai and also one of the oldest areas in the city. The area is in the process of its IT industry growth, with the upcoming IT parks. Tidel Parks, which is one of the biggest IT parks in the country has been given the approval to design a 10-acre IT park in the area. All of these developments will help cater to the increasing employment demands. These employment opportunities have also resulted in attracting many professionals to settle down in the area. Along with its commercial sector, Avadi also has many educational and healthcare institutions, ensuring that the residents are provided with everything they need. Hence this rapidly developing locality is one of the biggest real estate hot spots in Chennai.
A drastic change from all these commercial spaces, Tiruvallur is known for its scenic settings. It is located on the banks of the Cooum river, and hence has a lush green environment. For nature lovers, Tiruvallur gives them the chance to just sit on the beautiful riverbank and relax. Even though with industrialization, the area is changing, however it still is mostly dependent on agriculture. Along with the panoramic views, Tiruvallur also offers residential and commercial spaces which are well-connected. Professionals working in neighbourhood areas, such as Padi and Mogappair prefer buying affordable housing in this area. Tiruvallur offers affordable and beautiful investment opportunities.
Additional Read: Top Properties in Chennai with Minimum Maintenance Charges
All these incredible and lively localities ensure guaranteed returns on your real estate investment. However, buying these residential spaces can prove to be heavy on the pockets. At Tata Capital we help you with your housing finances by providing you with easy home loans. Just visit our website to check for your home loan eligibility and apply for a housing loan. Our home loan interest rates start at 6.70%. At Tata Capital, we offer the affordable home loan in Chennai that you need to buy your dream house!
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