Are you considering buying a home within the modest budget of Rs 25-40 lakh? Then, Chromepet can be considered as your choice of location. Situated in South Chennai, Chromepet is one of the areas of the city, which offers ample new developments coming up in this budget range.
If you are thinking why Chromepet, then take this. The location has made its way into the list of top 10 preferred localities for buying home by PropIndex (Jan-Mar 2014), the quarterly India Apartment Index published quarterly by Magicbricks. Local realtors attribute this rising preference for Chromepet to the enhanced connectivity to other parts of the city.
“Chromepet gained preference because of its centralised placement. As the highway has opened up, it has improved the housing demand here. IT professionals employed in Thoraipakkam and OMR have generated maximum demand,” says Venu Krishan, a local broker in the area.
As per Magicbricks’ listings, the majority of the housing units in Chromepet are 2BHK, followed by 3BHKs. The locality offers 2BHK flat at the starting price of Rs 27 lakh, whereas a 3BHK flat is available for Rs 40 lakh. Majority of the units are in ready-to-move-in category that acts as an advantage to the location.
“Since the time the water issues have been sorted out, the residential demand has started pouring in again,” says Senthil Kumar, owner, VL Dreams.
The connectivity between Chromepet and Old Mahabalipuram Road (OMR) has improved since the time State Highway 109 or Pallavaram-Throraipakkam Road went operational. Apart from this, the area is one of the stops on NH-45 which connects the main areas of Chennai, such as Guindy and Nungambakkam with Chromepet.
Apart from this, Chromepet is also close to Chennai international airport which is just 4km away from the place. Moreover, Chromepet also has a railway station of its own that enhances its accessibility to the important areas of the city, such as Chetpet, Nungambakkam, Kodambakkam, Mambalam, Guindy, Pazhavanthangal, Meenambakkam and Trisulum.
Talking about infrastructure, Chromepet boasts about numerous townships that have well-built roads and basic amenities. The area also has leading schools and colleges in close proximity that makes living convenient for the residents.
Hence, if you want to stay close to the airport and also near your office at OMR, Chromepet can be a decent location to invest in.
Source: Time of India / Magic Bricks