Which is the best place to buy flat in Chennai?

Is it worth to buy flat in Chennai?

Yes it is worth buying apartments in chennai… especially in areas like adyar,besant nagar,ecr side. Totally it means the eastern coast of chennai. The land prices and real estate prices are climbing heavily.So according to me it will be fruitful.

Which is the best area to invest in Chennai?

Best Residential Areas in Chennai to Invest in 2021

  • Porur. Porur is located along the Mount Poonamallee (MP) Road in the West. …
  • Ambattur. Ambattur is one of the most popular residential areas in Chennai. …
  • Pallavaram. …
  • Oragadam. …
  • Guduvancheri. …
  • Old Mahabalipuram Road (OMR) …
  • Pallikaranai.

How can I buy a flat in Chennai?

To help you with the process, here is a guide for buying flats in Chennai:

  1. Find the Perfect Property. …
  2. Do a Background Check. …
  3. Know the Payment Plan. …
  4. Apply for loan. …
  5. Get the Allotment letter. …
  6. Sale Agreement. …
  7. Possession and Registration.
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Which area in Chennai is developing fast?

Pallikaranai

One of the fastest growing residential areas in India, Pallikaranai is a hot favourite destination for investors. Located in South Chennai, the locality is in close proximity to the OMR (Old Mahabalipuram Road), which is one of Chennai’s biggest IT/ITeS corridors.

Which is the richest area in Chennai?

8 of the Poshest Localities of Chennai

  • Boat Club. The Boat Club area is in Alwarpet and is one of the most expensive localities in Chennai. …
  • Poes Garden. Poes Garden is another top end locality of the city. …
  • East Coast Road. …
  • Nungambakkam. …
  • Velachery. …
  • Adyar. …
  • Gopalapuram. …
  • Besant Nagar.

Who is the best builder in Chennai?

Top Builders in Chennai

Builder Experience Total Projects
Godrej Properties 31 yrs 145 Projects
Tata Value Homes 11 yrs 18 Projects
Brigade Group 35 yrs 77 Projects
Akshaya Homes 26 yrs 37 Projects

How can I double my money in 5 years?

Here are some options to double your money:

  1. Tax-free Bonds. Initially tax- free bonds were issued only in specific periods. …
  2. Kisan Vikas Patra (KVP) …
  3. Corporate Deposits/Non-Convertible Debentures (NCD) …
  4. National Savings Certificates. …
  5. Bank Fixed Deposits. …
  6. Public Provident Fund (PPF) …
  7. Mutual Funds (MFs) …
  8. Gold ETFs.

Which areas in Chennai has good ground water?

Cooum alluvium varies from 10 m to 28 m thickness and is more granular in Kilpauk – Perambur area. Beach ridges and sand dunes constitute good fresh water aquifer in Adyar – Besant nagar area. Fluvial marine and fluvio marine land forms are noted in the coastal area.

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How I can double my money?

The principle is simple. Divide 72 by the annual rate of return to figure how long it will take to double your money. For example, if you earn an 8 percent annual return, it will take about 9 years to double. So the higher the return, the faster you can double your money.

Is it worth buying 20 year old flat in Chennai?

By the end of 20 years you would end up paying 1 crore Rs for an apartment which is not worth it. Since the appreciation is low for apartments it wont worth 1 crore. Hence forget the apartment idea for investment sake. The only advantage is you get a tax benefit for 2.5 lakhs pa.

How much does it cost to buy a flat in Chennai?

Property Rates & Price Trends in Chennai – 2020

Locality Name Buy Rates
Price range per sqft Price rise
Medavakkam 560 – 6,820 / sqft -16%
Porur 2,375 – 10,832 / sqft 32.9%
Madipakkam 3,600 – 11,079 / sqft 31.5%

How can I save money to buy a house in Chennai?

Part 2 – Get your Finances ready and apply for a Home Loan

  1. Check your CIBIL credit score. This should be the very first step. …
  2. Pay off other pending loans. …
  3. Limit your credit cards. …
  4. Start saving money. …
  5. Stay steady at your job. …
  6. Decide on a Home Budget. …
  7. Get your home loan documents in order. …
  8. Get pre approved for a home loan.

Is Chennai dangerous?

CHENNAI: Most cities in India have earned the reputation of being notoriously unsafe for women, but Chennai has consistently been on top of the safety index. Mercer’s 21st annual Quality of Living survey 2019 shows that in the 105th place, Chennai ranks as Southern Asia’s safest city.

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Which is the most posh area in Chennai?

Top 10 Most Posh Areas in Chennai (Best Residential Places &…

  • Adyar. Adyar is situated in southern Chennai and is one of Chennai’s largest and most prominent neighborhoods. …
  • Anna Nagar. …
  • Besant Nagar. …
  • Kotturpuram. …
  • Mylapore. …
  • Nungambakkam. …
  • R.A Puram. …
  • Thiruvanmiyur.

What are people of Chennai called?

Chennai

Chennai Madras
Demonym(s) Chennaiite
Languages
• Official Tamil
Time zone UTC+05:30 (IST)
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