Are you searching for a property to make investment in Chennai? Buying a flat in an integrated community will be a good idea. If you are one among the purchasers who look into the market for new launches in the city, then gated complex in the outer corridor could be a better choice to look into, revealed in the general Amarprakash builders reviews. Over past 6 months, a spurt in the launch of townships is noticed in the outer border and cost quoted in these locations is more reasonable than those homes being quoted in the metro. As per the data, this sector is well recognized for the launch of about 10 projects over the quarter of Oct-Dec 2014. This is also going on in many ongoing townships.
Currently, in the newly developed localities of GST Road, OMR and along the corridor of Chennai-Bengaluru highway, these provisions are found largely in a gated complex with 800 and above units. Most of these residential communities will be nearing possession by the end of 2016 and 2017.
Connectivity and cost: The trend for large residential townships has mainly driven the availability of large tracts of reasonably priced land in these locations. The metro has noted a price rise in plots over few years. At present, land cost within Chennai’s municipal limits have been worst affected as a plot ranging 2400 square feet will be cost about Rs.10-12 crore in some of the locations. This is because of its infrastructure growth that took place inside the city. Thus, the builders find it economically to attain plots in the outer region thereby able to provide attractive price that are liked by people. The existing manufacturing corridors that is located between the Chennai-Bengaluru corridor and GST Road and the ever growing IT workers who were shifted to the metro in the Old Mahabalipuram Road has boosted the requirement for these housing units.
Self-sustenance: Almost all the properties seem to offer amenities like waste management plants, rain water harvesting, sewage treatment plants and many more, in addition to spacious rooms and green open spaces. Being in the outer corridor, these residential communities require, not just self-sustaining infrastructure but also offer provision for entertainment features, educational institutions, shopping malls, huge play area, and lots for the residents living in. The developers also clearly said that a big number of families are open to these locations in the near future. Particularly, regions that are extended in localities like Sholinganallur, Kelambakkam and ECR but in some cases, local population might not be open to.
Price range: Supplying to a broader demography, one can purchase a 1 BHK unit, a 3 bedroom house, a 2 BHK home, 4 BHK unit and even villas are available in this location. Broadly, the cost of these units would be in the range of Rs.4500 to 5000 per square feet depending on the amenities and area.
Amarprakash Builders in Chennai 