Realty Market Rises in Tambaram, Chennai

Tactically placed on the GST Road (Grand Southern Trunk Road), Tambaram has continuously been an ideal residential suburb in Chennai due to its connectivity and being a SEZ corridor. Though, the buyer’s focus is nowadays moving towards the Tambaram real estate. This is an outcome of increasing residential prices in the location due to raised guideline values along the GST road. Therefore, Guduvancherry, once considered among the affordable areas of Chennai outskirts, has become comparatively luxurious property prices in Tambaram at present. Once suggested as Chennai’s satellite corridor, is currently seeing increased growth in the real estate doings. Suburb has an amalgam of commercial and residential property and is separated into Tambaram East and Tambaram West. A lot of property experts gave advice to invest in or buy flats for sale in Tambaram East over the West.

Residential Development in Tambaram:

Location has seen a major upsurge in terms of reviews, consumer’s interest and translations by way of compared in 2012. Hence, real estate trends in Tambaram witness a small variation. The micro-market of Tambaram has viewed price appreciation of over 18% during the past 12 months. Tambaram residential property rate trends have reported redevelopment projects ranging from Rs. 4000-5000 per sq. ft. All major key features such as immediacy to airport, presence of many modes of transportation and numerous institutions drives the Tambaram real estate as favored destination. Moreover being the center of lots of industries and IT concerns, lots of working pair wish to purchase flats for sale in Tambaram. Suburb mostly has apartments that cover about 60% of the over-all residential occupancy.

Price Trends in Tambaram:

The costs of residential property in this region have observed several upward and downward in the last years. Property prices in Tambaram are appreciated as Rs. 4096 per sq. ft. in the Apr-Jun 2014 quarter. Locality provides properties in an extensive price range. Real estate trends in Tambaram offer the residential space in the range of Rs. 3500-4500 per sq. ft. Region is facing a demand for furnished property in the range of Rs. 4500-5500 for a sq. ft. Tambaram residential property rate trends will attain a continuous price appreciation in of 10% per annum in residential space said by realty professionals.

Greener Environment:

Tambaram provides a green and lush atmosphere. Property prices in Tambaram also get enhanced due to this tranquil environment because lot of people referred this locality. Being a noiseless and silent area many buyers are choosing this area. To get close to this region some IT couples are referring to but apartments in Chrompet for sale.

Buyers Take:

Over the years, the region has witnessed the growths of several industries, restaurants, educational institutes and other stores. So, if you are an end user then, don’t miss this time and opportunity to invest in Tambaram real estate. Furthermore, locality is always viewing progression in its infrastructure and conveniences that will surely work in the favor of Tambaram’s development.