Adambakkam, India is a leading residential area, situated in the southern suburb of Chennai. Nearby Adambakkam localities comprise many well-known areas of Chennai, such as the St Thomas Mount, Anna International Airport, Tirusulam, Nanganallur, Maddipakkam, etc. The Adambakkam real estate market has a range of projects, ranging from reasonable to luxury housing. There are several well-known builders in Adambakkam, India who are working on different projects in Adambakkam.
The place lies in close proximity to the IT centers of Chennai. Owing to this, there has been an increase in the demand for housing flats in Adambakkam. Even though, the costs of the flats in Adambakkam, India are going up at a fast pace, reasonably priced housing to suit the requirements of the mid and the junior-level executives of the diverse companies, can still be found here.
Adambakkam, India has been of late brought under the purview of the Corporation of Chennai and the plans for several infrastructure projects have been drawn up. The civic facilities have also improved. The growth of the IT sector and the industrial growth, have also resulted in the development of retail and hospitality sectors in the area.
Link with nearby Adambakkam, India localities
- There are some major roads that run via the area –the Inner Ring Road, the MKN Road, the Velachery Main Road, and Grand Southern Trunk Road.
- The area has a wide-ranging bus service and the Guindy Bus Stand, the Adambakkam Bus Stand, and the Chrompet Bus are in the close neighborhood.
- The metro stations such as Alandur and St Thomas Mount lie at a proximity.
- There are railway stations at Guindy and Tambaram, from which the railway services can be availed. The railway stations are proximately about 3 kilometers and 14 kilometers, correspondingly, from Adambakkam, India.
- The airport is situated at close vicinity.
Employment hubs near Adambakkam
- Shapoorji Pallonji Infocity and the Olympia Tech Park are situated approximately 6 kilometers away from the area.
- Bahwan Cyber Tek IT Park is situated approximately 9 kilometers from the area.
- The MPL Towers are situated approximately 4 kilometers from the area.
- ASV Suntech Park and the Prince Infocity are about 10 kilometers away.
Schools in Adambakkam and other social amenities
Adambakkam, India provides the very good social infrastructure to its residents. Several well-known schools, hospitals, and shopping malls are there in Adambakkam, India that cater to the various necessities of residents.
Reasons to invest in Adambakkam and then give the house for rent in Adambakkam, India
Thinking about the price trends in Adambakkam and the increasing demand, the neighborhood should prove to be a good investment. There is an exceptional appreciation of property rates, with several projects being developed. Besides, the area is also situated near to the IT parks and the industrial zones of Chennai. The Chennai City Corporation has of late taken over the administration of the area. So, the capacity for the development of infrastructure facilities is also there. Considering all these factors Adambakkam is an outstanding place for investment.
Property investment options for NRIs in Chennai
For NRIs planning to invest in India, Chennai is a standout amid the most places in the country. The city’s financial system is developing at an exceptional rate, with speculations pouring in from a vast range of areas.
The blasting IT segment particularly has been the main reason for the extension of the city and the development of its rural regions. These MNCs have set up their workplaces in the boundaries of the city, made a huge number of occupations and a developing interest for better convenience and offices. For NRIs, these are a part of the reasons why they should think about putting investment into the Chennai outskirts. NRI financial specialists necessitate a property that is certain to recognize altogether an increase in rates with time.
As they most likely would not move into the house, they also require a flat that they can undoubtedly discover tenants for. This is why the NRIs look for properties and then give the house for rent in Adambakkam or give the house for rent in Chennai.
There are several reasons as to why investing in property is a good idea, some of them have been explained below:
- It is protected
There is a reason why NRIs prefer investing in property and it is valid. It is an investment without the unsteadiness of the offer market, as well, making it a safer investment plan.
- It’s a simple option to start
You need not bother with professional knowledge to start putting investments into property.
- Complete Control
If you do invest in the share market, you need to recruit a representative to deal with your exchanges for you, and the opinion of any shareholding is reliant on economic situations and the activities of the general population running that organization – presenting a constituent of vulnerability.
This is considerably less the case in property: after you have settled, you easily claim the advantage and you have total control over it.
Invest now for better growth rate and gain
Investing in property is a lasting goal and for some an emotional asset. This is the correct time to invest in real estate as the property rates are at the lowest at this point and perhaps no further reductions will be noticed.
If you are an NRI this is a great time to invest in Chennai real estate. You can refer to the real estate search portal like housing.com where you can easily search for the property that you are searching for. You can easily find a villa, apartment, flat or independent house in Chennai, India or any parts of the country and then give the house for sale in chennai. This way, an NRI can earn a handsome rental income.
Housing.com is a well-known real estate search portal that is known for offering details about the world-class property and the amenities that they offer.