A developed suburban area positioned in the South Chennai, Tambaram is considered as the gateway of Chennai city. Tambaram real estate has been an appealing market for IT/ITES sectors as it guarantees good-looking investment profits. The influence of BFSI (Banking, Financial Services and Indemnity) industry, engineering and other service sectors also give rise to property rates in Tambaram. According to Knight Frank Review, the suburb is one of the leading five localities which will observe maximum growth for the flats for sale in Tambaram in the city for upcoming 5 years. Once the region has become the coveted addresses, it became the dream for majority of the home buyers in the city. Due to these features, there is a boom in the real estate trends in Tambaram over the years. Although there is an improvement in the property rates, hence it becomes an investment place for the NRIs. Besides, the region offers a price appreciation of 18 % per annum.
When compared to the past quarters, the Tambaram residential property rate trends have witnessed an upsurge in the forthcoming years. In the first quarter of 2013, the property rates are Rs. 3393 per sq. ft. and in the second quarter of 2013, the property rates in Tambaram are raised to Rs. 3759 per sq. ft. At present, the prices are appreciated to Rs. 3895 per sq. ft.
When compared to the past quarters, the Tambaram residential property rate trends have witnessed an upsurge in the forthcoming years. In the first quarter of 2013, the property rates are Rs. 3393 per sq. ft. and in the second quarter of 2013, the property rates in Tambaram are raised to Rs. 3759 per sq. ft. At present, the prices are appreciated to Rs. 3895 per sq. ft.
Locality is viewing enormous investments in the Tambaram real estate this is owing to infrastructural setups, nearness to Chennai Airport, formation of STPIs and SEZs and accessibility of great manpower. Region has gained major position in real estate trends in Tambaram because of well-maintained infrastructures and good connectivity. The manufacturing and commercial activities contribute increase to realty growth in the suburb. The residential demand in this location is picking step and the property rates in Tambaram are estimated to growth with the proposed ORR Road project. To get close to Tambaram and attain access to work places easier, some of the IT professionals are purchasing apartments for sale in Vandalur.
Depends on the infrastructure and spacious environment, Tambaram real estate boasts of many residential properties having well-constructed roads and global amenities. Though, there is an upswing in the real estate trends in Tambaram, here the developers are providing affordable homes. Hence, if you need to stay nigh to the airport and also proximate to the workplace at OMR, then flats for sale in Tambaram can be the right place to invest.
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