North Chennai has seen a significant increase in its real estate market in recent years. North Chennai is becoming appealing to property investors thanks to increased infrastructural development, enhanced connectivity, and favourable government regulations.
Furthermore, North Chennai is home to the Chennai Port, one of India’s busiest ports. The port’s presence has resulted in the development of various commercial and logistics centres in the region. This has increased the demand for commercial real estate in the area.
Overview Of North Chennai’s Real Estate Scenario
North Chennai is also rising as a hub for IT and ITES firms, increasing demand for office space. Various commercial buildings in the neighbourhood, including IT parks and office complexes, provide modern facilities and amenities to enterprises. Furthermore, the expanding urbanisation and development of the middle class in North Chennai have increased the demand for retail space.
With the increase in startups and freelancers in North Chennai, the need for co-working spaces is increasing. Several co-working facilities have sprouted in the neighbourhood, offering entrepreneurs and small enterprises economical and flexible workplaces.
Did you know?
Qualcomm, an American multinational firm, is leasing 700,000 square feet in Chennai to grow and consolidate its operations, per the Economic Times report.
7 Compelling Reasons Why You Should Invest In North Chennai?
1. Rapid infrastructural development
One of the primary reasons North Chennai has become a hotbed for real estate investment is the rapid infrastructure growth. In recent years, the region has undergone significant infrastructure development, which has led to the rise of the real estate market. The following are some of the significant infrastructure developments in North Chennai:
- Chennai Metro Rail: The Metro Rail project has made city travel more convenient and faster. The metro train system has been expanded to include North Chennai, offering access to critical regional sites.
- Road and rail connectivity: North Chennai is well-connected to the rest of the city thanks to a well-developed road and rail network. The region is linked to essential routes such as NH 16 and NH 205, allowing easy access to other parts of the country.
- North Chennai has a well-developed social infrastructure, which includes reputable educational institutions, hospitals, shopping complexes, and entertainment centres.
2. Proximity to major hubs
Investing in North Chennai provides investors with various appealing advantages, one of which is its proximity to important centres. The region is ideally positioned, making it a great investment destination. North Chennai is close to the Ambattur Industrial Estate, Ennore Port, and Oragadam Industrial Estate. Because of its strategic location and easy access to prominent hubs, North Chennai has seen a growth in demand for real estate, making it an attractive location for businesses wishing to set up shop. This has also contributed to expanding the region’s real estate sector.
3. Diverse investment options
Another compelling reason to invest in North Chennai is its variety of investment opportunities. The region offers investment options in multiple residential, commercial, and industrial real estate sectors. The region contains a variety of commercial buildings, such as IT parks, office spaces, and retail spaces, making it an attractive place for firms wishing to establish themselves.
4. High rental yields
North Chennai’s real estate market has seen a surge in rental demand due to the region’s growing industry and employment prospects. The increased demand for rental properties has increased rental yields, making it an attractive location for investors seeking consistent rental income.
5. High ROI potential
The North Chennai real estate market has grown significantly in recent years, owing to increasing infrastructure development, improved connectivity, and advantageous government regulations. Property values have increased due to the rise of the real estate market, making it an excellent place for investors seeking high ROI potential. Given the region’s potential for expansion, investors can earn substantial returns on their investments by investing in homes in North Chennai.
6. Future growth potential
It is a go-to place for several industrial investors. It has tremendous potential for future growth and employment opportunities, making it an ideal long-term investment destination. Furthermore, the government’s beneficial policies and measures to improve infrastructure and connectivity have led to the expansion of the North Chennai real estate market. Some of the critical initiatives that will enhance the region’s growth potential are the Chennai Metro Rail project.
7. Top-notch social infrastructure
Regarding commercial real estate, infrastructure is critical in determining a property’s value and demand. North Chennai has seen considerable infrastructure development in recent years, making it an attractive location for commercial real estate investments. Here are some of the ways infrastructure influences commercial real estate in North Chennai:
- Availability of utilities: Commercial properties must have access to numerous utilities such as electricity, water, and telecommunications. Infrastructure development in North Chennai has ensured the availability of essential facilities, making it easy for firms to set up shop.
- Access to public transportation: North Chennai is well-connected to the rest of the city via several kinds of public transportation, such as buses, trains, and metro rail. This makes it an appealing site for enterprises because it enables convenient access for employees, customers, and clients.
Unleashing the Power of Real Estate Investment With Market of India
With its world-class infrastructure and top-notch amenities, the market of India is poised to become one of India’s largest wholesale and retail markets. Market of India also offers the best place to set up a commercial shop in Chennai due to its exceptional infrastructure, world-class amenities, and strategic location. To explore the best commercial investment options in the Market of India, we invite investors to visit our website or contact us at 7358111999 for more information.
North Chennai’s real estate market is attractive for investors due to its strategic position, first-rate amenities, social infrastructure, significant appreciation potential, and inexpensive pricing. The region’s rapid expansion and growth and the government’s ongoing infrastructure investment make it an attractive location for real estate investments. North Chennai is an excellent area for people wishing to invest in real estate because it has the potential for considerable long-term returns on investment.
1. What are the most popular real estate investment areas in North Chennai?
Perambur, Kolathur, Ambattur, Madhavaram, and Red Hills are some of the most popular sites in North Chennai for real estate investment.
2. What is the rental yield on North Chennai properties?
The rental yield in North Chennai varies according to the property type and location. However, in some locations in North Chennai, rental yields range from 4% to 7%.
3. What are the most common commercial real estate investment opportunities in North Chennai?
North Chennai offers a booming commercial real estate market with various investment opportunities. Office spaces, retail shops, showrooms, warehouses, and industrial assets are some of the most popular commercial real estate investment opportunities in North Chennai.