Why Avadi in Chennai is shaping as the preferred residential destination?

The real estate market in Chennai’s western zone has been the talk of the town recently. Many localities such as Anna Nagar, Avadi, Alapakkam and Ambattur are emerging as real estate hotspots. Among these, Avadi has seen a tremendous growth when it comes to infrastructure. As a result of which, the neighbourhood is witnessing a boom in residential development activities.
Here are a couple of reasons why flats for sale in Avadi should be on your watchlist:

Large Defense Hub
Avadi is home to many defense institutions and divisional offices like the IAF Station, Heavy Vehicles Factory (HVF), EFA-Engine Factory (Avadi), Combat Vehicles Research and Development Establishment (CVRDE), Central Reserve Police Force (CRPF), Indian Navy, Central Vehicle Depot (CVD), The Ordnance Depot [OD], Unfit Vehicles Park [UVP] and the Ordnance Clothing Factory (OCF). The presence of such a huge workforce from these institutions has prompted a demand for apartments for sale in Avadi. [1]

Good Rail & Road Connectivity
The Avadi Railway Station is a part of the Chennai Suburban Railway Network. Due to this, the locality is well-connected to many areas of Chennai via railway. Additionally, Avadi also offers convenient connectivity to many parts of Chennai through a good network of roads.

Well-Developed Social Infrastructure
Avadi has a well-developed social infrastructure. Nehru Bazaar is a popular landmark and known to be the biggest market in the area. Additionally, there are numerous reputed schools situated in the locality, like S M Nagar School, Immaculate Girls School, OCF School, Kendriya Vidyalaya and RM International among others. Apart from this, many healthcare centres can also be found in the area, namely Ayurvedic Homeopathic Hospital, ESI Hospital, Immanuel Clinic & Hospital, etc.

Attractive Pricing
The prices of apartments in Avadi have increased considerably in the recent past. However, with an average base selling price of Rs. 3,830 per square feet [2], the properties here are still affordable and lucrative for buyers.

Proximity To Prime Areas
Avadi offers convenient connectivity to several other well-known localities like Thiruvanmiyur, Tambaram, Poonamallee, Anna Square, Guindy, Sriperumbattur, Arani, Mandaveli, Broadway, and many more. As a virtue of which, you are never isolated from the excitement that Chennai offers.

Owing to all the above factors, Avadi is catching the eye of many homebuyers and investors. It would be best for buyers/investors to buy property now at a reasonable price, and reap good returns later. One such lucrative project is Happinest Avadi by Mahindra Lifespaces is a 13.22-acre gated community in Avadi, offering 1 & 2 BHKs sizes varying between 396 sq ft to 677 sq ft.

References:

1. About Avadi – Avadiinfo

2. Apartment rates Avadi in Chennai – Magicbricks