Whether new or old, the value of a property in Chennai remains the same, because it is primarily about the construction, but the locality of the building. You got to buy apartments in the city’s prime destinations. And if that’s a ‘yes’, you may go ahead and get new or second hand ones. With this understanding in mind, there are people who choose to opt for resale flats in Chennai.
Listed below are a few neighborhoods in Chennai where resale of flats is on high demand. There are a lot of resale happening in these locales. This is a chance to explore as to why these neighborhoods are preferred and what to look for in each of these areas as a first-time home buyer. Do check out:
Nanganallur is a locale in southern Chennai that falls under the governance of Greater Chennai Corporation. The nearest railway station are Palavanthangal and Meenambakkam, and you have also got the Chennai International Airport in close proximities to the neighborhood both of which adds up to the reasons for more resale flats in Nanganallur Chennai. Here, you have elite schools like the Modern Senior Secondary School and Chellamal Vidyalaya Senior Secondary School.
Mylapore lies along the center of Chennai. Also called the Thirumayilai, this is among the oldest neighborhoods of the metropolitan city. It is geographically sandwiched between Triplicane and Teynampet and the Royapettah and River Adyar on the two other sides. The neighborhood also houses the popular temples of Kapaleeswarar temple and Adi Kesava Perumal Temple. Coming on to its connectivity, you have the Thirumayilai railway station to connect until Velachery MRTS station and there are many MTC buses that keeps the locale connected with the rest of the regions including Tambaram, CMBT, Vadapalani, T Nagar, etc.
Adyar is certainly one of the neighborhoods in Chennai that constantly sees resale of flats. This is one of the posh and large neighborhoods of the city. Setting against properties in Adyar with that of northern Chennai Properties, the former is 4 times costlier, but still people are willing to afford to buy Adyar properties and flats in Adyar for its seamless connectivity to the rest of the city parts.
You perhaps would have heard of this locale many a times for it is a popular neighborhood in western part of the city. Saligramam is encompassed by Virugambakkam, KK Nagar, Vadapalani and Koyambedu on all its 4 sides and it falls under the Chengalpattu district. There are several flat resale happening here because of its connectivity and availability of life essentials including education, healthcare services, groceries, etc. in just a hop.
It is true that there are many flats getting subject to resale in Valasaravakkam mainly because of its high demand. This is a municipality in Chennai and a popular residential suburb. You may reach the neighborhood by traveling a distance of 15km from the heart of the city. In fact, in the recent years, there are real estate building construction providers who are eyeing on the locale to raise their constructions including multistory apartments.
Lying between Kodambakkam and Saidapet, the neighborhood called West Mambalam serves both as residential as well as commercial destination in Chennai city. There is the Ayodhya Mandapam as one of the renowned landmark in West Mambalam. All these bustling activities and the commercial importance of the locale makes it one of the most important regions that sees constant resale of apartments.
Besant Nagar is notably a neighborhood that belongs to Adyar. It beautifully lies along the Bay of Bengal. If you take a look around the locale, you will understand that most of the residents here are affluent and includes famous personalities like the cine stars. There are elite restaurants and boutiques and shops that are attractions of Besant Nagar. Here, according to reports, there are several flat resale taking place which is to be evidently attributed to the exclusivity of the neighborhood.
Without a doubt, the T.Nagar is the shopping hub of Chennai city. Be it parties, celebrations, festivals or any special occasion, T. Nagar is where you tend to buy your dresses and jewelries from! Well, besides, the locale has also got its significance as it serves as a posh residential locality. You have the Mambalam railway station and the main T. Nagar bus terminus to keep you connected to the other parts of Chennai city. What more reason do you need to observe such high numbers of resale of flats in T. Nagar?
As you get to understand about Alwarpet, you will be astonished to know that it houses India’s most prestigious personalities including Sir C.V. Raman, Physicist, and DMK leader M.K. Stalin, actor-director Kamal Hassan, Rajnikanth and the former Chief Minister of Tamil Nadu, J. Jayalalitha and the list goes on. It is an out and out residential locality in Chennai city which is also one of the expensive areas of the metropolis. Nevertheless, as per reports, it is understood that there is constant sale and resale of apartments in Alwarpet constantly taking place.
With multifold growth of the IT sector, there is substantial developments observed in Velachery. The neighborhood is in fact an evidence of growth and development of the city. Velachery serves as a connecting hub for connecting to the OMR. The locale is surrounded by Adambakkam, Madipakkam, Taramani, Guindy, Adyar, Thiruvanmyur, etc. each of which is key localities of high residential importance. You have the Meenambakkam airport in close proximities plus the MRTS railway station in Velachery plus Vijayanagar bus terminus for roadways.
Anna Nagar belongs to Amjikarai taluk. This is among the residential locales of Chennai city. Without a doubt, this is among the posh localities of Chennai city where there are top doctors and lawyers and other professionals residing here. To learn that the neighborhood sees several resale of flats is definitely not to be wondered at.
These are some of the Chennai neighborhoods that deal with more numbers of resale of flats in Chennai. Discover these regions in detail and zero in on your preferred ones wisely.