Why Chennai's Nanmangalam Is An Upcoming Residential Market

Property markets of Chennai are on their way to revival. According to a PropTiger DataLabs report, Chennai saw a monthly increase of 350 per cent in the number of new launches in the month of September. This is in contrast with the 30 per cent decline it witnessed in August over July. The report further adds that most of the new launches were concentrated in western suburbs and localities along OMR (the Old Mahabalipuram Road). So, if you planning to book a home in one of the emerging markets of western Chennai, Nanmangalam could be your option, which is around 32 kilometres from OMR.

Now arises the question: what does the locality offer a home buyer?

Smooth Connectivity

Nanmangalam offers home buyers smooth connectivity. The East Coast Road (ECR) and the Grand Southern Trunk Road (GST) strengthen the connectivity in Nanmangalam. Along with this, the Kovilambakkam Bus Stand (2 km) and the Chrompet Suburban Railway Station (7 km) make commuting easier for the residents. As a result, new apartments in Nanmangalam, Chennai are finding may takers.

 Affordable property

According to the PropTiger DataLabs report, property prices in Chennai experienced only a marginal annual appreciation of two per cent in September. However, even among affordable options, Nanmangalam offers you the best value for your money. You can buy a property here for Rs 3, 948 to Rs 3, 954 price per square foot. Low pricing is pushing demand for affordable apartments in Nanmangalam.

Business-friendly environment

Tamil Nadu capital Chennai offers a business-friendly environment to the companies. And is also the reason why the city has emerged as one of the most successful commercial centres in India. If you want to be part of this growth story without burning a hole in your pocket, an apartments and plots in Nanmangalam could be your option.  

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