Chennai's Pallavaram is one of the best neighbourhoods to invest in a plot. This locality enjoys excellent connectivity and has an already existing and admirable physical and social infrastructure. People can buy affordable plots in Pallavaram today and sell them off at a much higher price in a few years to enjoy good ROI.
Real estate is the perfect investment instrument for investors seeking growth, stability and financial security. Buying plots in metros like Chennai can especially deliver high ROI in the long run. People searching for plots for sale in Chennai should consider investing in Pallavaram.
Pallavaram is a suburban locality in Chennai that is gradually becoming a favourite of discerning real estate investors. It enjoys a strategic location along the Old Mahabalipuram Road (OMR) and boasts a booming IT industry.
Excellent Connectivity and Public Transport
Pallavaram is located on the GST road and is also a cantonment area in Chennai. It is close to both widely popular and upcoming neighbourhoods in Chennai, like Velachery, Perungudi, Medavakkam, Madipakkam, Nanganallur and Velachery. Pallavaram is a major junction that connects the Oragadam Industrial Corridor to the OMR IT corridor. The Outer Ring Road, Trichy-Chennai Highway and Pallavaram-Thoraipakkam Road can be found in good proximity to Pallavaram, making it easy to commute from the neighbourhood to the main city.
It is easy to find public transport in Pallavaram. Tambaram and Pallavaram bus stands are easily accessible, along with St. Thomas Mount and Alandur metro stations. Bus services in Chennai connect Pallavaram seamlessly to the rest of the city.
The good connectivity in Pallavaram and its easy access to public transportation make it a perfect residential neighbourhood. An increasing number of people are opting to set up their homes in the locality, which invariably boosts property prices.
Robust Social Infrastructure
The real estate value of any locality is significantly impacted by its civic infrastructure, both existing and proposed. After all, when people look for a home, they would want it to be near basic facilities that they can easily access. The impressive social infrastructure of Pallavaram is one of the major factors boosting its property prices. The locality has access to multiple prestigious hospitals. There are also several schools located in the neighbourhood. These two factors go a long way in making Pallavaram a perfect residential hub. The area also enjoys an uninterrupted water supply. It is located close to the Porur Lake, which is an important source of water for the entire city of Chennai. Pallavaram also has adequate provisions for essentials and entertainment. There are many restaurants, shops and theatres located in the neighbourhood.
Better Employment Opportunities
Most people want their homes to be well-connected to their workplace so they do not have to spend too much time on the road every day. This is another factor that makes Pallavaram a good residential neighbourhood and augments its property prices. One can find many SEZs and IT parks right on the GST road, which provides employment opportunities to a large number of people. Pallavaram also enjoys good proximity to the OMR IT corridor and the Oragadam Industrial Corridor.
Wrapping up
Pallavaram is conveniently located at a junction connecting key employment zones and has a robust infrastructure. This neighbourhood enjoys impressive rental growth and property value appreciation. Hence, one can simply buy land for sale in Pallavaram and sell off the property at a higher price down in the future. Or, they may even buy a plot in the locality, build a house on it, and rent it out to enjoy a passive rental income. Either way, investors would be poised to make a profit by choosing to buy a plot in Pallavaram.
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