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A spate of progression plans signals the better future of the city and increases the demand of property in Chennai
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For a buyer considering purchasing real estate in Chennai a breakout location, one with a great demand for residential as well as commercial property in the city is called Arumbakkam. This region of Chennai is not as expensive as many of the surrounding areas such as Anna Nagar and hence households unable to afford to buy apartments in Chennai at the surrounding locality often gravitate towards Arumbakkam as like Anna Nagar this locality too has excellent social infrastructure and well developed civic amenities.
As Arumbakkam is already a well-developed locality there is a paucity of new projects in Chennai at Arumbakkam as the neighborhood is already well built and has many developments standing within in confines making the availability of fresh land for new developments scarce. An added advantage the locality has and which is considered a great boon to those who reside at Arumbakkam is the connectivity with many other parts of the city via the metro line. Such convenience is however not simply enjoyed due to the presence of the metro line rather Arumbakkam is also well connected via road with the rest of Chennai too. in the mentioned neighborhood is highly valued yet unlike many areas in the vicinity much of it is not yet beyond the reach of the upper middle class or even middle income households.
Although much of the property in Chennai located at Arumbakkam is within the reach of the upper segment home buyer, there are still a great many luxury apartments in Chennai located at Arumbakkam as well. Such property is often priced above 1 crore with a few units that are priced higher still. For a homebuyer keen to own apartments in Chennai, Arumbakkam is an attractive locality as residents often remark that their neighborhood provides the best of modernity while successfully resisting the trend which has transformed other upmarket neighborhoods into concrete jungles. Unlike many of the surrounding areas Arumbakkam has an abundance of greenery and some residents go so far as to describe the locality as lush.
The price of flats for sale in Chennai is not as exorbitant as that in other parts of the country yet even at this metro much of the property for sale is regarded as expensive by middle class households. Arumbakkam however possesses a unique attribute compared to the more upmarket surrounding regions that ensures that much of the flats at the locality are priced within the budget of less affluent homebuyers. Furthermore as yet Arumbakkam may be regarded as a destination which has yet to be discovered and the potential of its real estate market remains as yet untapped. Similar to many other developments across the country, Arumbakkam is evenly priced and with a greater inflow of capital into the regions housing market and prices of real estate at Arumbakkam are likely to appreciate further with the passage of time.
An additional advantage to owing real estate in Chennai at Arumbakkam is that the region has a larger number of commercial enterprises within its borders as well. Many such enterprises are multinational brands which add to the upscale appeal of the locality and have the potential to transform this slightly upmarket and as yet affordable residential region into a more prominent and much more highly valued destination for real estate in Chennai.
