Why flats in Guduvanchery are a hit among buyers!

The Grand Southern Trunk Road otherwise known as National Highway 45 is one of the major connectors present in the city of Chennai. Any micro market which has a prominent connector running through it witnesses brisk business in terms of real estate. Home buyers are very keen on connectivity and it one of the biggest factors that plays on their minds when they are making their property purchasing decisions. Hence localities which have national and state highways running through them are always on the top of a buyer’s property purchase wish list. 

This national highway stretches from Guindy all the way up to Theni. It is considered to be one of the busiest national highways in the southern part of the country. The GST Road is known to be the home to many upcoming affordable localities. The southern parts of the city have always been attracting the attention of the home buyers. But lately these areas have been losing their charm because of the huge price tags that properties here carry. The micro markets in the Old Mahabalipuram Road are heading towards saturation as well. This being the case, the GST is the answer for those who are looking to buy quality homes in Chennai at a decent rate. There is also the fact that there are plenty of land parcels that are available along this stretch which is not the case with southern parts of the city. The area is also an employment generator of sorts as it is known as the automotive and manufacturing hub of the city. 

Guduvanchery is a locality which is situated on the GST Road. It is one of the micro markets in Chennai real estate which has seen good traction among home buyers. It is surrounded by areas such as Urapakkam, Vandalur, Kattankulathur, Tambaram and Maraimalai Nagar. There is great demand for properties such as plots and flats in Guduvanchery. The going rate for apartments for sale in Guduvanchery stands at INR 3200 per square feet on average. The going rate for villas here stands at INR 4500 per square feet on average. The area is one of the most affordable real estate destinations in the city and is hence a hot property choice among buyers looking for homes in Chennai.

There are multiple infrastructure projects which are further strengthening the real estate scene of the micro market. There is the Outer Ring Road which connects Vandalur to Nazarathpet, the proposed monorail project from Vandalur to Velachery and the metro station near the Chennai International Airport which will all add to the appreciation of flats in Guduvanchery. 

Why should you invest in a property in Mira Road?

Mumbai is one city where owning a home might just remain to be a distant dream. However, one locality has cropped up onto the realty radar that is making this dream come true. Offering homes at affordable prices, Mira Road has become one of the most sought after vicinity by many property seekers who are keen on owing a piece of Mumbai. Below we tell you why investing in a property at Mira Road would be a fruitful for you.

Strategic location
Situated in the northern region of Mumbai, Mira Road is a suburban area that is fast developing into becoming a residential catchment area. Its seamless connectivity has attracted many real estate developers who are now coming up with many residential projects. A property at Mira Road that was initially barren is now dotted by many multistorey building.

Seamless connectivity
Proximity to the Western Express Highway and the International Airport has captivated many young home buyers’ mind. The presence of many arterial roads like Ghodbunder Road has eased access to other neighbouring areas like Thane and Navi Mumbai. The physical infrastructure developments initiated by the MMRDA () like widening of existing roads linking Bhayandar and Gorai has lured many home buyers to invest here. The proposed project to create a bus corridor along the Mahim and Mira Road stretch has roped in a lot of investment. The demand for apartments for sale in Mira Road have shot up thanks to easy connectivity to established areas like Navi Mumbai, Mumbai and Thane.

Developing social infrastructure
The presence of many schools and colleges like MIIT Institute have engaged many families to shift their base here. The proposition by the MBMC to improve the basic civic facilities has pushed capital values of apartments here. The plan to have more fire stations and up-gradation of the existing storm water drain systems have lured many local and national real estate developers to invest here. Apart from all these facilities, builders are luring potential home buyers by offering world class amenities like round the clock water supply, gyms, 24x7 power backup and a lot more.
The presence of many reputed healthcare units have attracted many retired personnel. The developments along the commercial belt have created the perfect blend of traditional and modern day amenities.

Appreciating property prices
Apart from offering good social infrastructure and great connectivity the locality provides an array of housing options. According to a recent report there are over 20 new upcoming projects in the area that range from being affordable to mid-segmented to even ultra luxurious. With there being an inherit demand for 1 BHK apartments for sale in Mira Road, an array of builders are offering home that fall under the budget of Rs 50 lakhs. According to data, capital values of apartments have escalated over 35 percent in the past two years. The current ongoing prices for homes are expected to hover anywhere between Rs 7,100 and Rs 7,900 per square feet.



Sulabha is a real estate expert and consultant from NCR. She deals with analyzing trends in the market of residential apartments in noida and commercial properties in Greater Noida

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