Flats Under 50 Lakh for sale in Thiruporur, Chennai

About Properties in Chennai for Sale

About Chennai

Strategically located by the Bay of Bengal, Chennai is a convenient commercial and residential locale as it is well-connected to major ports, airports, highways, & metro routes. The city is well-connected via a major network of roads such as the Old Mahabalipuram Road (OMR), Grand Southern Trunk Road (GST), Anna Salai, Outer Ring Road, & Chennai Bypass Road.

With a mix of automotive industries, electronic hubs, financial sectors, and IT parks - Chennai has steadily emerged as a city that provides immense job opportunities. There has been a rapid rise of IT and business hubs along the OMR Road such as Thoraipakkam and Perungudi in the recent decade. This has in turn led to the increase in demand for properties in Chennai

The quality of life here is excellent as well, as it houses a developed social infrastructure in the form of reputed schools, colleges, universities, hospitals, and malls. There is further a presence of strong constructions, built by reputed developer firms such as Alliance Group, Casagrand Builders, Brigade Group, Hiranandani, & Prestige Group.

About Chennai Real Estate

As per a Knight Frank Report, the housing sales in Chennai have been steadily improving since late 2020. The sales growth has remained steady post pandemic, and 2022 saw a 19% YoY rise in housing sales.

The residential sales in Chennai are mostly concentrated in the South & West micro-markets, which contributed to around 92% sales in the second half of 2022. Areas along the OMR & GST Road are popular in South Chennai, while Porur & Poonamallee in West Chennai are in demand as well.

Flats in the 50 Lakhs to 1 Crore range usually contribute around 45 to 50% of residential sales. However, the 2nd half of 2022 also saw an increase in sales in flats priced above 1 Crore. Compared to under-construction projects, ready-to-move-in flats attract a higher demand.

There was also a good increase in supply in 2022, with properties being launched by prominent developers such as Alliance Group and Casagrand Builders. In fact, there was also a 6% price appreciation in the metropolitan areas of Chennai. Overall, with the presence of IT hubs that bring job opportunities, there is an increasing demand for properties in Chennai.

Key Features About Chennai

Properties in Chennai are generally more affordable and cost effective as compared to other cities, with good return on investment options
Chennai is home to some of the most reputed IT parks, and automobile & electronic industries in India.
Some of the finest residential..

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Frequently Asked Questions

Which are the best areas to buy a home in Chennai?

Adyar, Anna Nagar, Besant Nagar, Mylapore, Boat Club, & Thiruvanmiyur are some of the best areas to buy a home in Chennai.

Is Chennai good for real estate investment?

Yes, Chennai is a good city for real estate investment as it features good infrastructure. There are fine IT companies, manufacturing firms, and automobile industries here, especially along famous routes such as OMR. A thriving economy, rising price trends, job opportunities, & presence of good developers has increased the residential real estate investment in Chennai.

Which are the affordable places to live in Chennai?

GST Road, Tambaram, Anna Nagar, Porur, & Medavakkam are a few affordable localities in Chennai.

Where can I buy luxury properties in Chennai?

A few luxury projects in Chennai are -

Hiranandani Verona, Egattur

Purva Somerset House, Guindy

Ozone Gardenia, Anna Nagar

Which properties in Chennai offer 1 BHK flats?

Below are some projects that offer good 1 BHK in Chennai -

Prestige Windsor Park, Vanagaram

Purva Windermere, Pallikaranai

Hiranandani Verona, Egattur

Prestige Courtyards, Sholinganallur

Which projects sell villas in Chennai?

Sobha Gardenia in Vengavasal & Casagrand Auburn in Perungudi are 2 projects that offer villas in Chennai.

Which are the ready to move flats in Chennai?

Here are a few ready to move in flats in Chennai -

VGN Notting Hill, Nungambakkam

Casagrand Esquire, Perungudi

Prestige Courtyards, Sholinganallur

VGN Fairmont, Guindy

Which properties in Chennai offer 2 BHK flats?

Here are a few projects that offer 2 BHK flats for sale in Chennai -

Alliance Jasmine Springs, Kelambakkam

GP Imperial, Korattur

Hiranandani Verona, Egattur

VGN Fairmont, Guindy

Which properties in Chennai offer 3 BHK flats for sale?

Below are a few projects that offer a 3 BHK in Chennai -

Purva Jade, Valasaravakkam

VGN Notting Hill, Nungambakkam

Casagrand Flagship, Pallikaranai

TVS Emerald Aaranya, Medavakkam

Risland the Ace, Perungudi

Which localities in Chennai are good for investment?

Porur, OMR, Velachery, Sholinganallur, Korattur, Choolaimedu, & Urapakkam are a few localities that are good for investment in Chennai.

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Flats Under 50 Lakh for sale in Thiruporur, Chennai

GP OMR Golden City

5.53 L - 31.2 L

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Unitech Unihomes 2

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