Chennai's Avadi Emerges As A Popular Real Estate Investment Destination
Western Chennai is in the limelight these days as far as real estate market is concerned with many localities such as Anna Nagar, Avadi, Alapakkam and Ambattur, emerging as the real estate stars. Of these, Avadi, a small town in Thiruvallur district, has seen a tremendous growth with regards to infrastructure. Subsequently, the locality is experiencing lot of residential development activities, as well. Thus, giving a boost to Chennai real estate. PropGuide explains why Chennai's Avadi has become a popular investment option for end-users as well as investors:
A defence hub
Located 23 kilometres from Chennai city, Avadi is home to many defence institutions and establishments. Thus, benefitting those working in these institutions and looking for a residential option that is close to work. It houses various divisions of military establishments namely Indian Air Force, Indian Army, Heavy Vehicles Factory (HVF) , EFA-Engine Factory, Avadi, Combat Vehicles Research and Development Establishment (CVRDE) , Central Reserve Police Force (CRPF) , Indian Navy, Central Vehicle Depot (CVD) , The Ordnance Depot [OD], Unfit Vehicles Park [UVP] and the Ordnance Clothing Factory (OCF) .
Excellent rail & road connectivity
Chennai Suburban Railway Network has a link at Avadi — Avadi Railway Station. The locality is well connected by road to other localities and Chennai city. Avadi bus terminus is situated on the Chennai-Thiruvallur High Road (CTH Road) .
Robust social infrastructure
Nehru Bazaar is a noticeable landmark of Avadi and is known to be the biggest market in the area.
Educational Institutions: S M Nagar School, Immaculate Girls School, OCF School, Kendriya Vidyalaya, h School, Nazareth Primary School, St Joseph's Matriculation School, Venkateswara School, G K Shetty Vivekananda Vidyalaya, Thandurai Higher Secondary School, Holy Infant Jesus Matriculation Higher Secondary School, St Thomas Matric School, SM Nursery and Primary School, RM International, Bapuji Matric Higher Secondary School and the Goodwill Primary School
Healthcare Centres: Ayurvedic Homeopathic Hospital, ESI Hospital, Immanuel Clinic & Hospital, Dr Vaidya Dental Hospital, Teja Hospital, Ryan Dental Clinic and Vishnu Clinic
Attractive property pricing
The price of apartments in Avadi have witnessed a rise of nearly seven per cent in recent past. The average base selling price or BSP of Rs 3,259 per sq ft still makes the market affordable and lucrative for buyers.
Proximity to other well-developed areas
Avadi is connected to many other well-known and developed localities. This includes Thiruvanmiyur, Tambaram, Poonamallee, Anna Square, Guindy, Sriperumbattur, Arani, Mandaveli, Broadway, Periyapalayam, Redhills, CMBT, Kanchipuram, Velachery, Tenkasi, Vellore, Mogappair, Kolathur, Anna Nagar, Egmore and Mylapore.
Promising residential properties in Avadi
Mahindra Lifespaces Happinest: This is a 13.22-acre project offering 1 and 2BHK apartments of sizes varying between 396 sq ft to 677 sq ft. A total of 1,044 units is available, ensuring a comfortable community living with social amenities.
Pragnya Advisors Hazel: This is one of the prestigious under-construction properties in Avadi with 5.67 acres of area. The property provides 781 units of 1, 2 and 3BHK homes ranging in sizes between 570 sq ft to 1,647 sq ft.
VGN Amity: Spacious 2 and 3BHK homes are available under this project sprawling over 3.14 acres. There are 271 apartments in VGN Amity available in sizes varying between 587 sq ft to 1,260 sq ft.
Newry Properties Celestiel: A project spread in an area of 1.2 acres, premium 2 and 3BHK homes are available for buyers. The sizes vary from 1,033 sq ft to 1,390 sq ft. 108 units in total are present along with best in class amenities.