Chrompet is South Chennai Witnesses Surge in Property Rates

Considered to be one among the sought after and inhabited suburbs in southern part of Chennai, Chrompet is a locality where past edifices of the Chola dynasty rub take on with cantonments and residential groups. Chrompet real estate has become one of the major investment destinations in Chennai owing its connectivity and affordability. Region is positioned just about few kilometers away from the heart of the Chennai city but ease of connectivity to IT hubs in Velachery, Thoraipakkam and Sholinganallur has pushed up the demand for residential flats in Chrompet Chennai resulting in rising property prices.

Connectivity:

Suburb is situated along the Grand Southern Trunk (GST Road), neighboring to Tambaram and close to Pallavaram providing an outstanding connectivity to the city centre. This will also impacts the apartments in Tambaram for sale Within 30 minutes, people can reach any part of Chennai from Chrompet through train and bus also Airport is at a distance of about 3 - 4kms. All these features and facilities are pushing up the property rates in Chrompet and fascinating lots of working population to reside here.

Real Estate in Chrompet:

Rapid capital appreciation of the Chrompet real estate has caught the shareholders’ attention as well. The location is certainly a good bet for shareholders as it is considered one among the localities which profits huge return on investments. Almost immediately the area would be comprised in the metropolitan corporation limits. This could further bring more number of 3 BHK apartments in Chrompet.

Property Prices in Chrompet:

Location has seen a capital appreciation of about 40 % in the past one year. The rental demand in the realty trends in Chrompet is also huge as closeness to OMR guarantees demand from IT experts. The cost of a 2BHK units ranges from Rs. 25 lakh whereas it ranges from Rs. 36 lakh for a 3 BHK apartments for sale in Chrompet. Majority of the demand occurs for 2BHK units for both rental and sales. IT professionals employed in IT corridors wish to reside in Chrompet which is just about 7-10 km away from the hurry and flurry of the IT hubs. Therefore, property rates in Chrompet have shot up is mainly due to increasing demands for the properties. Presently, the capital values for the apartments ranging from Rs. 4000-5500 per sq. ft.

Livability:

The reason behind the demand for flats in Chrompet Chennai is owing to the livability of the region in terms of very good civic and physical infrastructure together with an outstanding road and rail connectivity. Chrompet has lots of scope for an additional growth and is perfect for the buyers and investors. This is the right time to invest in Chrompet real estate to enjoy huge returns in future.