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.

Why you must invest in properties in Korattur

Chennai is a market which has been which has been very traditional. It is primarily made up of end users.  These end users have ensured that the market remains speculation free. Even though the city did face a small slowdown of sorts last year, things are looking up for the realty sector in 2015.
The market which is attracting the attention of the buyers the most in this city is the northern market. There are many factors which are working in its favour. But the factor which is influencing the buying decision the most is affordability. There are many micro markets here which have caught the attention of the buyers because of the cheap price tags that are attached to it. There are still large parcels of lands available here which are being developed to give more housing options for those who are looking for homes in the city.

Korattur is a micro market which is located in the north western part of the city. It is surrounded by areas such as Kolathur, Anna Nagar, Oragadam, Ambattur and Padi. It is encircled by both established and upcoming micro markets. It is located along the Chennai Mumbai Railway line. The locality is home to the Korattur railway station. There is now growing demand for property such as a plot and individual house for sale in Chennai which is located in this micro market.

As far as properties in Korattur are concerned, 2 BHK flats are in demand. This is followed by 1 BHK apartments. The unit size most preferred for flats here falls between 751 to 1000 square feet. This is followed by the 501 to 750 square feet range. The budget range that buyers are looking for as far as properties in chennai are concerned falls between INR 30 to 40 lakhs. The second most preferred budget range here falls between INR 20 to 30 lakhs. Buyers are willing to spend less than INR 2000 per square feet on flats here. In second place is the INR 2501 to 3000 per square feet range.

The going rate for apartments here stands at INR 5500 per square feet on average. The cost of an individual house for sale in Chennai which is located in this micro market stands at INR 5000 per square feet on average.

Though north Chennai is becoming quite popular among buyers, this area is not without its fair share of problems. The social and civic infrastructure present here is not up to the mark. It needs to be developed and that too at a fast pace if it has to keep up its tag as a growing real estate hub in the city. The government is focusing on this area and the blanks are being filled as far infrastructure is concerned. The upcoming extension of the metro line to Thiruvotriyur is big step in this direction. When this line becomes functional it will really bump up on the rates for homes in this part of Chennai.

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.