The real estate sector in India has attained tremendous growth and momentum in modern times and a number of investment avenues have emerged in the country like never before. Real estate markets all over the world experience appreciation in real estate, owing to which India has also come under the spotlight as a feasible real estate investment destination. This is true in the case of Non-Residential Indians who are looking to re-establish the connection back with their homeland. They indeed have a number of options to choose from, especially some of the most premium homes across South India, with bright investment opportunities.
Real estate in Chennai:
Real estate in Chennai renders excellent investment opportunities for foreign investors. Though there are a number of reasons postulated for this, one of the most important reasons is the unprecedented rate of growth in the economy of the city. The tremendous growth of the IT sector has been a prime reason behind the growth of the city, resulting in its development even in the suburban areas. A large number of MNCs have opened their branches on the outskirts of the city, creating lakhs of jobs and creating excellent demand for accommodation in these areas. NRI investors can find their house for sale in Chennai and also benefit from its rental income.
Top locations for NRI real estate investment in Chennai:
There is absolutely no doubt that the Old Mahabalipuram Road is one of the best areas to invest in real estate in India. OMR has undoubtedly transformed into the IT corridor of Chennai with a long stretch of MNCs opening its offices here. Sholinganallur is an important junction and enjoys superior connectivity, and world-class ambience and infrastructure. It is true that investing in a house or residential plot in Sholinganallur can result in high rental income and investment returns.
Tambaram is one of the oldest suburbs in the city of Chennai. The growth of the IT sector has rendered this suburb a new lease of life. As this district has been integrated with the main city a long term back, its infrastructure is far better than the rest of the suburbs in Chennai. It is also one of the best-connected areas to invest in properties without any second thought. The Tambaram railway station is a major terminal in the city next to Chennai Egmore and Central. All the trains that connects Chennai with the rest of the state stop here. Tambaram is also home for a number of Economic zones and IT parks, that adds more value for the properties purchased here.
Guduvancherry is an important locality on the GST road and is a major investment spots in the city. The GST road is developing rapidly owing to the mushrooming of the IT parks, IT companies, and other industries. All this has brought in excellent investments in the area leading to the creation of thousands of jobs. Thus Guduvancherry has emerged to be one of the best places to invest by NRIs. The place is also the home for a number of reputed educational institutions like the Cresent college of Engineering, SRM group of institutions. It is also easy to find tenants in this area, after buying a house here.
Velachery is located at a strategic location between the city center and its IT corridor. This place is getting tremendous attention as a leading real estate destination, owing to its proximity to a number of ITES and IT companies. It is also well connected with the OMR and has become an integral part of Chennai. Real estate appreciation is very fast in these areas and has seen tremendous development in recent years. A number of foreign investors have attained excellent returns by investing in this prime neighborhood.