Which is the best area to buy land in Chennai?

Which is best place to buy land in Chennai?

What are the best places to buy residential plots in Chennai?

  • Mogappair. Mogappair is located in the centre of the city. …
  • Teynampet. …
  • Urapakkam. …
  • Porur. …
  • Tambaram. …
  • Royapettah. …
  • Madipakkam. …
  • Ambattur.

Which area is the best investment in Chennai?

Top 5 Localities To Invest in Chennai in 2021

  • Pallikaranai. On the first spot, we have Pallikaranai. …
  • Mannivakkam. Mannivakkam has clocked the second spot on our list. …
  • Korattur. Next, we have Korattur. …
  • Perambur. The fourth position was secured by Perambur. …
  • Tiruvallur. On the last spot, we have Tiruvallur.

Is it worth buying land in Chennai?

The value of real estate in Chennai and in most other parts of the world increases overtime, because land gets scarcer, so this means when you buy property in Chennai today, its value is likely to be worth a lot more in the future, than it was when you purchased it.

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Which is the fastest growing area in Chennai?

One of the fastest growing residential areas in India, Pallikaranai is a hot favourite destination for investors. Located in South Chennai, the locality is in close proximity to the OMR (Old Mahabalipuram Road), which is one of Chennai’s biggest IT/ITeS corridors.

Which is the richest area in Chennai?

8 of the Poshest Localities of Chennai

  • Boat Club. The Boat Club area is in Alwarpet and is one of the most expensive localities in Chennai. …
  • Poes Garden. Poes Garden is another top end locality of the city. …
  • East Coast Road. …
  • Nungambakkam. …
  • Velachery. …
  • Adyar. …
  • Gopalapuram. …
  • Besant Nagar.

Which is the best place to buy plot in Tamilnadu?

Here’s a look at Tier-II cities of Tamil Nadu that real estate experts believe have ample potential.

  • Coimbatore. Coimbatore’s plus point is its electronic manufacturing cluster, Codissia Industrial Park and the upcoming IT developments. …
  • Madurai. …
  • Salem. …
  • Trichy.

How can I double my money in 5 years?

Double Money in 5 Years

If you want to double your money in 5 years, then you can apply the thumb rule in a reverse way. Divide the 72 by the number of years in which you want to double your money. So to double your money in 5 years you will have to invest money at the rate of 72/5 = 14.40% p.a. to achieve your target.

Where can I buy land in Chennai 2021?

Popular Localities In Chennai For Buyers In 2021

  • Madipakkam.
  • Perambur.
  • Kolathur.
  • Ambattur.
  • Velachery.

Where can I invest my money in Chennai?

Here is a look at the 10 investment avenues Indians look at while saving for financial goals.

  • Direct equity. …
  • Equity mutual funds. …
  • Debt mutual funds. …
  • National Pension System. …
  • Public Provident Fund (PPF) …
  • Bank fixed deposit (FD) …
  • Senior Citizens’ Saving Scheme (SCSS) …
  • Pradhan Mantri Vaya Vandana Yojana (PMVVY)
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How much does it cost to buy a house in Chennai?

To localities in Chennai include Thiyagaraya Nagar where average property value is Rs 18,890 per sq ft, followed by Purasaiwakkam with average value at Rs 12,000 per sq ft.

Is plot loan a good idea?

The construction component of this loan is eligible for tax deduction just as a home loan. Many land developers insist that even though plot loan has no benefits, the land value will always appreciate and ample gains can be made by buying now and holding for a longer time.

How much it cost to build a house in Chennai?

Construction Cost in Chennai in 2021

The construction cost in Chennai will range from 1450/sq ft to 4500/sq ft and will vary for ultra-luxury homes. This translates to Rs 14,50,000 Rs for an ordinary house and Rs 45 lakh for an uber-luxury home.