Chrompet Boasts Affordable Properties Price

Are you seeking to purchase a home in Chennai? Are you searching for the affordable properties? If your reply to these queries is a yes, then go with flats for sale in Chrompet. Chrompet is a residential suburb which is positioned in South Chennai. In the years 2012, suburb is standing huge in demand for the residential units among the buyers. Due to these demands, there is an increasing property rates in Chrompet.

Price Trends and Appreciations:

Chrompet offers affordable properties for the end users. Chrompet real estate trends witnessed various ups and downs for the past decades. Suburb offers price value appreciation of approximately 10 % for the flats for sale in Chrompet yearly. In Oct-Dec 2012, the prices are Rs. 4100 sq. ft. the prices are depreciated to Rs. 4082 in the next quarter of Jan-Mar 2013. In the Apr-Jan 2013 the prices are increased to Rs. 4264. Similarly the property rates in Chrompet are raised and it was Rs. 4628 at the end of year 2013. The same property prices are constantly maintained in the current period also. At present, cost of the 2 BHK apartments for sale in Chrompet Radha Nagar is ranges from Rs. 36.29 lakhs.

Connectivity:

Locality lies on (Grand Southern Trunk Road) GST road. This stretch connects the many regions inside and outside the Chennai city. This stretch enhances the buyers to invest in the region surrounding the GST Road. Likewise, some people made their investment in flats in Tambaram for sale. It is approximately 30 km away from Egmore station and 32 km away from Central station. Chrompet is placed just 10 mins travel from the airport. Also, Suburb is closeness to the IT corridors in the city like OMR, Thoraipakkam, Velachery and a lot more.

Infrastructure and Amenities:

Both the social and private infrastructure is well developed. The well-known institute called MIT (Madras Institute of Technology), S.D.N. B. Vaishnav College for Women, Sree Balaji Medical College, Tagore Arts and Science College, etc. are placed in this region. Here, the residents of the apartments for sale in Chrompet Radha Nagar easily reach the schools like Srimathi Sundaravalli Memorial School, Hilton Matriculation School, Holy Angels Matriculation Higher Secondary School, Smt. Lakshmi Ammal Memorial School and many more are available in this location. Furthermore, hospitals avail in this suburb like Government General Hospital, Deepam Hospital, Royal Balaji Hospital, Parvathy Hospital, etc.

Real Estate in Chrompet:

The low capital rates and the closeness to numerous IT firms and other industrial centers fascinate a demand for the residential properties in this region. People who are working in the IT companies in OMR, Velachery, etc. and industries in Oragadam, Tambaram, etc. are the main investors of the Chrompet real estate.

Residential Units in Chrompet:

Locality offers a lot of residential units such as flats, builder floor apartments, independent villas, resale apartments in Chrompet. In the gated community projects, the builders are offering the 1 BHK, 2 BHK, 3 BHK, upto 4 BHK flats in chrompet. Hence, it is easy for the buyers to select their residential configurations according to their needs.

Reader’s Take:

With well-established infrastructure, vicinity to MNC companies and improved connectivity to all areas of the city Chrompet stretch has become the most important development corridor in Chennai. Investing in this locality will be both lucrative for business and affordable home in chennai.

 Chrompet is one of the most prominent residential suburbs in South Chennai, is seeing a yearly appreciation of approximately 10 % in the property rates in Chrompet. Together with increasing demand and scarcity of residential units in city, the residential demands are soaring in the suburbs. Many developers have also expressed the same opinion.