Location and Infrastructure Triggers Property Prices in Adyar

Want to get high profits on investment? If yes, then Adyar is the best choice. By the market offering positive signs the locality has currently recorded an upsurge in the maximum of inquiries and site visits.

After knowing about the buyer’s behaviour in Chennai, the Housing Sentiment Index (HSI) shows that 70 % of home buyers preferred to buy flats for sale in Adyar. Thus, from an investor’s viewpoint the Adyar has developed as potential options.

Location Advantages:

The large locality of Adyar is positioned in the South Chennai. Adyar has recorded as one among the posh localities of Chennai. This is the one of the major cause for the increasing property prices in Adyar. The region is placed on the backwaters of the Adyar River, which is currently being recreated as Adyar Eco Park or Adyar Poonga.

Adyar is a cosmopolitan area with close vicinity to the coastlines of Besant Nagar, ECR and OMR (IT Highway). Employing the facilities of the local or metro train, residents of the flats for sale in Adyar can easily travel to the all parts of Chennai city in minutes. Some of the most stayed and well-known restaurants are positioned at Adyar. The area is also disseminated by a crowd of happening joins and favorite place which are frequently visited by the seashore combers along with dwellers from all over Chennai. Hence, the flat prices in Adyar are enhanced due to these infrastructures.

Landmarks:

The Theosophical Society is located in Adyar. The precincts, situated on the southern banks of the Adyar River offer a tranquil atmosphere for silent contemplation on relative religion. This calm environment makes some of the buyers to invest in apartments for sale in OMR.

Educational and Research Institutes:

Adyar is also a home place to Cancer Institute and Central Leather Research Institute, which is the world’s biggest leather institute. IIT, Anna University, National Institute of Fashion Technology and Technical Teachers Training Institute are all placed in neighboring areas. To get close to educational institutes the most of the students preferring to stay at flats for sale in Adyar.

Schools:

Schools in the nearby areas include Kendriya Vidyalaya, Bala Vidya Mandir, Bharath Senior Secondary School, Sri Sankara Senior Secondary School and a lot more are available for the residents of the flats for sale in Adyar Thiruvanmiyur.

Nearby Areas:

Sub-localities of Adyar such as Gandhi Nagar, Nehru Nagar, Indira Nagar, Kasturba Nagar Shastri Nagar, Besant Nagar and Thiruvanmiyur.

Property Prices in Adyar:

The cost of the 2 BHK flats for sale in Adyar is varies from 1000-1200 sq. ft. while the size of 3 BHK configurations ranges from 1400-1600 sq. ft. Apartments situated inside gated communities fascinate a premium of Rs. 1,500 to Rs. 3,000 per square feet. Renowned builders are offering reasonable flat prices in Adyar including all exclusive amenities. The average rent values of flat ranges from Rs. 11,000-14,000. A vigorous demand for properties on lease is created because of high presence of shareholders and buyers.  Property prices in Adyar for the 2 BHK apartments of 1200 sq. ft. can grasp a rental ranges from Rs. 20,000-25,000 per month.

Future Prospect:

Due to robust demand for the residential properties, there is reliable upsurge of 10-15 % on yearly basis in rental values. The region is serene to see vigorous demand and huge return of investments in the forthcoming years.