What You Need to Know About Real Estate in Tambaram
Tambaram has developed a lot from its initial stages where just a handful of people were scattered around the place. Now, Tambaram has become one of the most sought out localities for real estate investment in Chennai. Tambaram is in great demand mainly because of the perfect combination of the residential and commercial developments in and around the locality. There are a lot of advantages of investing in real estate in Tambaram and here are a few major ones.
Strategic Location:
Tambaram is well-connected to other parts of Chennai through the Grand Southern Trunk (GST) road and the National Highway, NH45, which is one of the busiest highways in South India. Not only is it connected well through roadways, but it is also one of the few places in Chennai where you can find easily accessible transportation through both train and buses.
Tambaram is the last stop for the local electric trains coming from Chennai Beach and it is also connected with the trains from Chengalpattu and Kancheepuram. Tambaram is a major station for long-distance trains traveling to southern parts of Tamil Nadu. Also, the Tambaram bus stop is one of the most popular ones with buses to different parts of the Chennai along with the outstation buses leaving to other cities.
All in all, Tambaram is one of the highly-connected localities in Chennai which is one of the major reasons for creating high demand for its plots, houses, and flats.
Rising Market Value:
The property prices in Tambaram have increased steadily over the past years and from the trends of it, it is expected to grow even higher. So if you are one of those people who is feeling sorry for missing out to invest earlier in Tambaram, it’s not too late even now. There are a lot of property builders who are offering affordable rates which looks promising to reap high gains in a few years.
Arun Excello has been building a set of apartments in the South Tambaram which are located in a prime location at a very affordable cost.
Infrastructure Development:
Tambaram is drawn its demand due to the popular IT hubs like the Olympia Tech Park, MPL Silicon Towers and other such locations around the locality. Apart from this, Madras Export Processing Zone (MEPZ), SIDCO Industrial Estate, Chennai Trade Center and many other industrial hubs are present just a stone’s throw away from Tambaram.
There is a lot of infrastructure development planned in Tambaram which is set to increase its market value even higher. The work for the elevated stretch from Tambaram to Chengalpattu aimed at decongesting the traffic on the NH45 will start by the year 2020. There have been some shifts in the IT Special Economic Zone (SEZ) with the Xander Group and APGAsset Management buying it for around $350 million. There are also some talks of an elevated corridor between the airport at Meenambakkam and Chengalpattu which will further add to the advantages of the Tambaram present in between.
Considering all these developments and the clear advantages of being at Tambaram, it is the perfect time to invest in Tambaram real estate and wait for the huge gains to follow.
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