Adyar Sees Increase in Property Rates

Are you a potential property buyer in Chennai and if you have been vying for a property in one among the hot locations, your hunt ends here. Positioned in South Chennai, Adyar has succeeded to garner numerous eyeballs due to the well-advanced and developed public and physical infrastructure. Adyar flats for sale are applicable to all income groups. It is one among the areas that not only promising connectivity and infrastructure but has also logged a noticeable appreciation in property rates in Adyar.

Property Appreciation in Adyar:

The region is witnessing continuous appreciation in the flat rates in Adyar year by year. The upswing property rates are mainly due to the increasing demand. As per the property portals, cost of the multi-storey apartments for sale in Adyar Thiruvanmiyur was available at an average cost of Rs. 10500 per sq. ft. in 2012 quarter. Though, in Oct-Dec 2013, the average property rates in Adyar have seen an upsurge of 33 % positioning at Rs. 14000 per square feet.

Owing to the huge occupancy and good connectivity, there is a vigorous demand for Adyar flats for sale have been seen in the past quarters. Data reveals that in the Oct-Dec 2013 quarter a demand for 2BHK apartments for sale in Adyar Thiruvanmiyur stands for over 50 % against the supply of meager 31 per cent. Similarly, a demand for 3BHK holds 40% against the supply of 30% in the same period. Realty professional and property consultant said due to the well-furnished infrastructure and the restricted source in comparison to the demand infrastructure are continually pushing the property rates in Adyar in upward swing.

Connectivity: 

Adyar is positioned in close vicinity to Old Mahabalipuram Road (OMR) (IT corridors). The Rajiv Gandhi IT corridor is located at around 2 km of distance. Due to this closeness some of the IT professionals are preferred to stay at flats in OMR for sale. Also, Adyar is well-connected to railway station and Chennai Airport. There are three main stations in the area like Indira Nagar, Thiruvanmiyur and Kasturba Nagar. The railway station is located at the distance of 3-4 km from Adyar and the airport is just about 12 kms distance. Due to this enriched connectivity there is growth in flat rates in Adyar. The locality also provides a bus terminus and the MRTC that aids in connected to rest of the city.

Reader’s Take:

Location boasts greeneries which are enticing the elite to come and reside in Adyar. Therefore, you are searching for consistent and fast returns on property investments in Chennai?  Then invest in Adyar and attain the profitable investment.