1.5 BHK - Apartments for sale in Borivali West

Pee Dee rises to its stature as a monument by following similar principles and adorns itself with contemporary and minimalistic design guidelines. It is a fusion of simple geometric linear lines coupled with earthy colors reflected off glass and steel. Each user will find its aesthetics calming and will always be within reach of any functional requirement needed. Light and air are also in abundance and flow freely through the rooms. No Brokerage will be charged from buyer.

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North Chennai is the best place to buy a flat in Chennai

Villivakkam
To buy a flat in Chennai which is located in Villivakkam one would have to spend INR 5000 per square feet on average. Buyers are willing to spend anywhere between INR 30 to 40 lakhs on properties here. This is followed by the INR 20 to 30 lakhs range and the INR 40 to 50 lakhs range. Per square feet buyers are willing to spend an amount which is less than or equal to INR 2000. This is followed by the INR 4001 and 4500 per square range and the INR 3501 and 4000 per square feet range.
2 BHKs are the most preferred unit configuration in this micro market. 3 BHK apartments in Chennai which are situated in this locality come in second demand wise. This is followed by the 1 BHKs. The most sought after unit size for properties falls between 501 and 750 square feet. This is followed by the 751 and 1000 square feet range and the less than 500 square feet range.

Avadi
To buy a flat in Chennai which is located in Avadi one would have to spend INR 3400 per square feet on average. Buyers are willing to spend anywhere between INR 10 to 20 lakhs on properties here. This is followed by the INR 20 to 30 lakhs range and the INR 30 to 40 lakhs range. Per square feet buyers are willing to spend an amount which is less than or equal to INR 2000. This is followed by the INR 2001 and 2500 per square range and the INR 2501 and 3000 per square feet range.
2 BHKs are the most preferred unit configuration in this micro market. This is followed by the 1 BHKs. 3 BHK apartments in Chennai which are situated in this locality come in third demand wise. The most sought after unit size for properties falls between 751 and 1000 square feet. This is followed by the 501 and 750 square feet range and the less than 500 square feet range.

Ambattur
To buy a flat in Chennai which is located in Ambattur one would have to spend INR 4100 per square feet on average. Buyers are willing to spend anywhere between INR 20 to 30 lakhs on properties here. This is followed by the INR 10 to 20 lakhs range and the INR 30 to 40 lakhs range. Per square feet buyers are willing to spend an amount which is less than or equal to INR 2000. This is followed by the INR 3501 and 4000 per square range and the INR 3001 and 3500 per square feet range.
 
2 BHKs are the most preferred unit configuration in this micro market. This is followed by the 1 BHKs. 3 BHK apartments in Chennai which are situated in this locality come in third demand wise. The most sought after unit size for properties falls between 751 and 1000 square feet. This is followed by the 501 and 750 square feet range and the less than 500 square feet range.

Want to invest in the NCR region? Head to Gurgaon for its affordable prices

Situated about 32 kilometers away towards the south west region of New Delhi, Gurgaon is cited to be the industrial and financial hub of the NCR (National Capital Region). Being the city with the third highest per capital income in the country- Gurgaon is fast becoming one of the most sought after destination for realty investment. Currently bustling with a number of construction activities, the city is on its way to rapid urbanization. Despite being a city that is dealing with regular power cuts, Gurgaon is attracting many working professionals from neighbouring IT parks and automobile manufacturing units.

Local and national real estate developers are cashing on this growing demand and are purchasing land in large parcels to create extraordinary living spaces. While some players like Ambience are entering the market with a world class 150 acre project providing luxury homes, there are other small time builders that are coming with an array of 2 BHK flats in Gurgaon - meeting the needs and demands of the MIGs (Middle Income Group individuals).

Connectivity too has played a major role in flourishing the city’s realty sector. Various connectors like National Highway 8 help ease access to cities like Mumbai and Delhi. The Delhi connectivity is further improved via the Delhi metro and the Rapid metro. Private auto rickshaws and taxis ease intra-connectivity. The city is located very close to one of the busiest airports- the Indira Gandhi International Airport.

Being a city that is at its nascent stage of development, the city has an array of infrastructural projects in the pipeline. The biggest being the metro. CM Manohar Lal Khattar recently announced a metro connectivity linking Faridabad and Gurgaon. The work on this proposed project will commence soon. The project has already lured many investors and the property prices along the metro stations have already started to soar. Meeting the needs of MIGs, real estate developers are now coming up with an array of housing options ranging from mid-segmented apartments to premium projects that offer state of the art amenities and facilities. Local builders are also coming up with many 1 BHK flats in Gurgaon.

Some of the active neighbourhoods include Sectors 82 and 83. Sushant Lok and Sohna Road are other residential catchment areas that are dominated with many multistorey buildings. 2 BHK flats in Gurgaon especially in these localities fall under the uber luxurious segment. Capital values of homes in these regions have already witnessed an escalation of 8.30 percent in the past one year. According to current market trends, apartments here are estimated to to fall anywhere between the price bracket of Rs 11,500 and Rs 13,000 per square feet depending on the amenities and facilities offered by the builder.

If you are one of those who want to rent out spaces rather than own one, do not worry, Gurgaon has a lot to offer you. A number of flats in Gurgaon especially in vicinities like sectors 56, 57 and DLF City Phases are available withing the budget of Rs 10,000 and Rs 16,000 per month.

Why north Chennai is beckoning home buyers

Real estate in Chennai is on more of a solid ground than its other metropolitan counterparts with the exception of Bangalore. The realty sector here is sheltered to a certain degree from the vagaries that plague the other markets. The market is driven by end users rather than investors and this is one of the reasons why the market here has remained relatively stable if not profitable. This is not to say that there aren’t any pockets of profitable investments available in the city. They most certainly are there and these micro markets are mostly in the northern part of the city.

North Chennai was once considered to be a not so ideal option to live in. It was mostly made up of blue collar workers and their families. There was little to no infrastructure present here a few decades ago. This is true of both civic and social infrastructure. But things have rapidly started changing for this part of the city in the last decade or so. The boundaries of the city are expanding to accommodate the ever growing demand for housing and affordable housing at that. Hence the northern parts of the city have gained favour among builders and end users alike.

There is huge demand for apartments in Chennai which are located in the northern micro markets. The southern and central parts of Chennai which are well developed come with a price tag which is not affordable to the common man. There are new developments happening in these areas as land availability here is very minimal. Hence the micro markets present here don’t attract as much attention from property seekers.

North Chennai is a completely different story altogether. There are large parcels of land which are available for cheap rates. The infrastructure here though not on par with the well-established localities is improving at a rapid pace. The social fabric of the northern localities is also changing with malls, restaurants, theatres and ATMs coming up at a rapid pace here.
An infrastructure project which is sure to hike up the real estate value of a property for sale in Chennai located in this part of the city is the extension of the Chennai Metro Rail project to Thiruvottiyur. The central government has already given its nod for this extension. The extension will begin from Washermanpet to Thiruvottiyur and cover a distance of about 9 km.

This extension will be highly beneficial to those who are living in this part of the city. Any area which has good connectivity is bound to have real estate appreciation. Besides bring in this appreciation to the localities in the north, this extension will also ease the congestion being experienced here in the near future.

Apartments in Chennai which are located in areas such as Kolathur, Ambattur, Madhavaram, Perambur and Avadi have been appreciating at a steady pace over the past few years. One can easily pick up a individual house for sale in Chennai located in the northern localities for around INR 4000 per square feet on average.