Reasons for the Demand of Residential Apartments in Porur
Porur is one the major residential hubs of Chennai, which is handily located in southwest suburban of the metropolis. The prime driving force that increased the demand of buying residential apartments in Porur, is the IT companies which are located in the surroundings. The major IT Park in the locality is DLF IT Park, which has major companies like IBM, Cognizant, Dell, Zoho, Syntel, Tata Tele Services and more. Moreover, the locality acts as the main junction connecting the neighboring commercial hubs like Vadapalani and ThiruVi Ka Industrial Estate. Further, the area holds the great connectivity advantage andequally it has easy access to GST Road and National Highways. Apart from the IT companies, Porur is also renowned for its manufacturing plants, chemical industries and markets. Furthermore, the area has good transport facility that makes the residents to travel easily to their desired destinations in the city.All these major factors have grabbed the attention of home seekers to buy apartments or new flats in Porur. The following information is to help the individuals who are looking for a property investment in Chennai.
Development of Residential Apartments in Porur
Be it an individual house or large residential townships, the area is witnessing diversified residential development in the late years. In the year 2013-2014, the capital appreciation of theindependent houses andresidential flats in Porur has been increased largelydue to the existence of more IT companies in its vicinity. Apart from it, the area has major landmarks like Sri Ramachandra Medical College & Hospital, Larsen & Toubro, famous temples and more. Further, the locality is surrounded with all the essential needs like Hospitals, Schools, shopping malls and recreational clubs. For the property investors, the area offers good alternatives in both under-construction projects and ready to occupy apartments. The price of an individual house for sale in Porur is ranging from Rs.3, 700 to 4,200 per sq ft. On the other hand, the price of gated community residential flats for sale in Porur demands Rs. 4,500 to Rs. 5,200 per ft of price. The major demand is for the 2 bhk and 3 bhk houses or apartments with the sizes, range of 950 sq ft to 1, 500 sq ft. Aside from buying the property; the rental demand has increased equally due to the working professionals. The people who are working in the IT Companies prefer to rent an individual house or apartment in Porur. The standard rental value of 2 bhk apartments or individual house is between Rs.12, 000 to Rs. 16, 000.
The current trending location in Porur to buy a 2 bhk home or apartment is Madanandapuram. As the residential apartments for sale in Madanandapuram are available at an affordable price, the people prefer this particular area for buying independent houses and new flats in Porur. If you are looking for residential apartments for sale in Porur at a reasonable cost, in that case you can prefer Madanandapuram.
Advantages of Buying Independent Homes and Residential Flats in Porur
The major advantage of purchasing a residential apartment in Porur is its full connectivity and future capital appreciation. In the consecutive years, the resale value of individual house or apartment will increase further, as there are lots of proposed commercial projects and infrastructure developments are in the pipeline. As there is demand for renting 1 bhk and 2 bhk apartments in Poruris high among the IT professions, it’s a great opportunity for the property investors to gain profit by renting their properties.
Located strategically, the area has good connectivity to all major places of the metropolis. Apart from it, the Chennai International Airport is just 11 kms from the locality which is another big advantage. The transportation facility will be enhanced further, as there are lots proposed road construction and flyovers in the loop. Thus, the demand of buying individual houses and apartments in Porur will even increase further. Therefore, buying an individual houses or residential apartments in Porur is the perfect choice for property investment in Chennai.
We hope the above noted data is quite useful for the individuals who are planning to buy the best individual house or residential apartment in Porur.