Tambaram is a residential locality which is situated in South Chennai. This is one of the prime localities in Chennai city to observe expansion and appreciation in Tambaram real estate. Suburb has been an addressee of huge Private Equity (PE) investments over the past quarters.
As compared to duties progressive in the tambaram flats for sale throughout the last year, corresponding digit of the year 2014-15 vow for recuperated importance of PE investors in the residential segment among other fields of property development. Hence realty trends in tambaram raises due to these reasons. Realty professionals say that the region is considered to provide the stable residential market. Also, the suburb is well known for its sales and rental accommodations.
Tambaram property price trends are growing over the years. The micro-markets of Tambaram have witnessed the value appreciation of over 15 % percent in the past year. The property rates in Tambaram flats are having a minimum value of 23 lakhs to maximum value of the 79 lakhs for the square feet of 600 – 2100. Here the realty Trends in Tambaram is varying accordingly. A report from Prop Index says that, in the period of Oct-Dec 2013, the price appreciated to be 4132 per sq. ft. but at Jan- Mar 2014, the property rates in tambaram is 4741 per sq. ft. Hence there is an upswing rate over the years.
Location houses many industries which include automobile, hardware, medical industries, IT corporations and a lot more has made realty trends in Tambaram to hit the roof top. Due to the blend of infrastructural advancement, improvements in Government strategies and other supporting features have transformed into the growth of Tambaram real estate sector.
Suburb is well connected to the IT corridors like OMR, Velachery, Perungalathur, Sholinganallur, Thoraipakkam, etc. Due to the close vicinity to the IT hubs causes the upsurge in the property rates in Tambaram. Because people from here can easily reaches their workplaces. This is the only reason that the IT professionals preferred to stay home at Tambaram. Besides this, some people are seeking to stay flats for sale in vandalur. This is because Vandalur is connecting to OMR (a rapidly developing business class IT corridor) through Kelambakkam.
Tambaram is well connected to all parts of the city by all modes of conveyance. Easy connectivity with other parts and increasing livability index of this location are at here to fascinate more buyers to invest in Tambaram real estate hopeful to secure gratifying jobs and affordable residences. Locality boasts well advanced and royal infrastructure. Due to these features, people are seeking to enjoy these facilities and conveniences in the nearby areas. Hence they are buying flats for sale in Vandalur.
At present, Tambaram is the urban area which bids various options of dwelling developed by leading property developers in Chennai. Hence the builders here are offering Tambaram flats for sale in a serene environment including all exclusive amenities.
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