Chengalpattu What Makes It A Comprehensive Neighbourhood For Residential Investment! Real Estate Investment

Chengalpattu What Makes It A Comprehensive Neighbourhood For Residential Investment!

  • 31 May 2019

Chengalpattu, situated in the south-west of Chennai, has become a promising location for homebuyers. Beautiful environment, good public transportation, well-developed infrastructure and presence of several MNCs make it an ideal location to live at. The second largest town in the district of Kanchipuram has many housing options. If you are looking for ready to occupy flats in Chennai and even villas for sale in Chennai, you can easily find decent options at Chengalpattu, which is not far from Chennai. But before, take a look at all the factors that make Chengalpattu a great neighbourhood for staying and for investment as well.

Industrial Hub

Chengalpattu is home to the production plants of many national as well as international companies from diverse sectors. Tech Mahindra, Wipro, BMW, Ford, Foxconn, Dell, Samsung, Infosys, Pepsi, TVS, Siemens, Nissan, Renault, Apollo Tires and Mahindra R&D are the top companies that are functional in the area. Owing to the presence of these companies, there is a high demand for flats in Chengalpattu on rent as well as for purchase.

Affordable Prices

Due to the presence of a massive workforce in the area, there is a high demand for residential properties. But thankfully, the demand is mostly supplied to by the affordable housing segment. And so, the prices in the area are very reasonable. The property prices range from Rs. 2500 to Rs. 3500 per square feet [1].

Good Connectivity

Chengalpattu has a popular railway junction, which plays a vital role in connecting it to the core areas of Chennai. There are a couple of trains that can take you to Chennai in just 20 minutes! Moreover, Chengalpattu is also connected to Chennai through a good network of roads. You can either choose to opt for public transport buses or reach there by a private vehicle. If you wish to go to the Chennai airport, it will take you just about an hour or so.

Well-developed Social Infrastructure

Owing to a bustling industrial sector, the social infrastructure in Chengalpattu is very well-developed. You can find a number of nationalized public sector & private banks and ATMs, educational institutions and hospitals in the area.

Some of the well-known schools in the neighbourhood are Brindavan Public School, Saint Joseph’s Higher Secondary School and Seventh Day Adventist Higher Secondary School. Trusted hospitals like JSP Hospital, Medical College Hospital, Beent Hospital, Balaji Hospital, and Venkatramana Hospital are also present in the area.

All these factors holistically make Chengalpattu an ideal place to live at. Investors can look up promising properties in the area and reap good ROIs.

Aqualily by Mahindra Lifespaces is an exclusive gated community in Chengalpattu that offers a wide variety of home options, ranging from 1 BHKs to 4 BHK duplexes.

Reference:

  1. https://www.makaan.com/price-trends/property-rates-for-buy-in-chengalpattu-chennai-51276


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